hrtechoutlook

Hiretual Secures $13M in Series B Round of Financing

By HR Tech Outlook | Monday, August 31, 2020

With over 100,000 recruiters using the platform, Hiretual will be scaling its industry-leading AI-powered talent data system to transform talent acquisition continuously.

FREMONT, CA: Hiretual, the leading AI-powered recruitment software, closed $13 million in Series B financing.

The round was led by Oceanpine Capital, bringing its total funding to $23 million. With over 100,000 recruiters utilizing the platform, Hiretual will be scaling its industry-leading AI-powered talent data system to transform talent acquisition continuously.

Established in 2015, Hiretual is the pioneer of AI-driven talent sourcing. By turning the open web into a recruiting platform that is continuously fed with fresh data, Hiretual enables businesses to cut their sourcing time by as much as 80 percent. Through integrations with over 90 percent of ATS providers in American and European markets, it is a talent data center that allows businesses to make the most informed hiring decisions while shortening the hiring cycle and reducing talent acquisition costs.

"The recruitment industry is no longer transactional, it is a system that spans across different business platforms to build genuine relationships between companies and the available job market," stated Hiretual CEO, Steven Jiang. "Businesses today can't afford to let their recruiters spend all their time on administrative tasks that distract them from providing a real candidate experience. Hiretual will be doubling its patented technology to help organizations build a centralized source of structured candidate data that takes care of itself. "

Hiretual has built the world's largest Talent Knowledge Graph to help more than 700 businesses including 37 Fortune 500 companies. The launch of Hiretual TalentFusion this year introduced a network of deep two-way ATS integrations with Workday, SAP SuccessFactors, Oracle Taleo, IBM Kenexa, and more to support high-volume hiring by top enterprises. Through these partnerships, Hiretual's AI engine builds a loop of candidate data that is constantly aggregated, cleaned as well as updated within the hiring tech stack.

"Hiretual is already a leader in the space of AI-driven talent sourcing and they have enhanced their technology tremendously over the past year to build an enterprise-grade system that hiring teams can depend on during economic highs and lows," added Dave Chenn, Founding Partner at Oceanpine Capital. "With their Talent Knowledge Graph, they are changing the game to emerge as the top talent data platform for large enterprises and smaller businesses to drive organizational growth."

Weekly Brief