EV3 Global: $3 Million Raised To Mitigate Employee Turnover

By Amit Chowdhry • May 16, 2024

EV3 Global, a company empowering customers with employment intelligence, has raised $3 million in funding. The funding was led by Real Tech Capital, partners from leading VC firms, and a group of private investors.

Launched in 2022, EV3 Global is focused on helping companies eliminate the guesswork of hiring by utilizing objective data within sophisticated and unbiased AI learning models to solve the trillion-dollar turnover problem. And EV3’s software uses objective data to provide a unique, non-discriminatory view of employment history, application integrity, and employee reliability.

The company’s leadership has a combined 75+ years of entrepreneurial experience founding and building marketing, software, and data science companies. They are focused on utilizing the power of AI technology and data analytics to provide unrivaled and unprecedented insights for hiring managers.

KEY QUOTES:

“EV3 is building what is poised to be a transformative hiring solution for applicants and employers. In a rapidly changing talent landscape, employers are seeking to improve hiring decisions with better data, and EV3’s technology is at the forefront of addressing this need. EV3 has the potential to impact a company’s bottom line by reducing attrition costs and revolutionizing how businesses build teams and improve culture.”

  • Brandon Cruz, Managing Partner at Real Tech Capital

“This funding marks a pivotal moment for our customers and the employment landscape. Throughout our entrepreneurial endeavors, the team has first-hand experience with the pressures our customers encounter daily in talent management, especially in hiring and retention. We are proud of the outsized ROI delivered to our early customers including a measurable reduction in the time-to-fill all roles and improving hiring metrics across an organization. With this new funding, we are poised to broaden our impact, enabling more enterprises to experience the transformative effects of unbiased AI models. This is a generational paradigm shift in how organizations hire and retain the best talent.”

  • Frank Richards, CEO