RecruitBot – a powerful hiring platform that transforms the entire recruiting experience – recently announced it has raised $8.2 million in additional seed funding to fuel the growth of its AI-powered software. The investment was led by Slow Ventures with participation from OCA, Freestyle, Parade, and Kevin Mahaffey. Through RecruitBot, recruiters get access to modern sales and marketing technologies built for their specific recruiting activities.
Rather than old-school recruiting funnels where each job is filled by starting from scratch each time, RecruitBot provides a Recruiting Flywheel that improves over time. RecruitBot leverages AI and machine learning to understand recruiter preferences and ensure increasingly-relevant candidates from a qualified database of 600 million appear in search results. Then, RecruitBot enables personalized, automated email campaigns to candidates on behalf of hiring managers.
An end-to-end sourcing solution, RecruitBot replaces three tools with a single product: a database of candidates, an outreach tool, and a recruiting CRM, all bundled in an intuitive interface. And with advanced power filters, including those to help support DEI initiatives, combined with machine learning algorithms, RecruitBot serves up candidates best suited for a role within minutes, not weeks. A CRM for personalized, automated email outreach sequences then ensures much higher candidate engagement.
Knowing where to find suitable candidates and how to approach them best remains a critical challenge for many companies. And RecruitBot incorporates sourcing and outreach at scale with analytics in an all-in-one top-of-the-funnel solution to address these pain points. Machine learning allows companies to customize their candidate search by skills, experience, and other criteria. By better understanding hiring preferences, RecruitBot will enable companies to engage with candidates at scale easily. As a result, companies find the right candidates up to 5 times faster with RecruitBot.
This funding round builds on RecruitBot’s significant growth in 2022 and the previous $3 million pre-seed funding round. Currently, RecruitBot has 600 million verified candidate profiles on its platform. Since its launch, RecruitBot has raised a total of $11.2 million to transform the recruiting experience, helping companies find, contact, and hire talent faster.
KEY QUOTES:
“From the great resignation to significant layoffs, the market has now moved towards finding the best candidates, rather than just filling roles as quickly as possible. RecruitBot’s unique combination of machine learning and big data understands what your ideal candidates look like, and then maximizes response rates by sending automated drip campaigns to a candidate’s personal inbox. In today’s economic climate, sourcing and hiring top quality talent has never been more critical to give companies a competitive edge necessary to survive the harsh economic climate.”
— Jeremy Schiff, CEO and founder of RecruitBot
“RecruitBot’s technology streamlines and optimizes talent acquisition, enabling companies to make data-driven decisions, enhance efficiency, and ultimately build stronger, more diverse teams. By harnessing the power of artificial intelligence, RecruitBot is disrupting the traditional hiring landscape and ushering in a new era of intelligent, inclusive, and impactful workforce development.”
— Sam Lessin, GP at Slow Ventures
