ConverzAI raises $16M Series A to advance AI-driven recruitment solutions
ConverzAI provides an AI-driven recruitment platform that deploys virtual recruiters to manage the entire hiring process, from candidate sourcing to final placement.
Company name: ConverzAI
Location: Seattle, WA
Industry: Recruitment
Funding details:
- Amount: $16M (Series A round)
- Investors:
- Lead: Menlo Ventures
- Participants: Left Lane Capital, Foundation Capital, Afore Capital
Purpose of investment:
- Drive innovation in AI-powered recruitment
- Enhance go-to-market strategy and customer adoption
Leadership:
- CEO & Founder: Ashwarya Poddar
Product:
ConverzAI provides an AI-driven recruitment platform that deploys virtual recruiters to manage the entire hiring process, from candidate sourcing to final placement.
Key features:
- AI-powered virtual recruiters: Conduct natural voice, text, and email conversations with candidates.
- Real-time candidate analysis: Uses generative AI and agent-based AI to assess responses and optimize hiring decisions.
- End-to-end automation: Covers candidate sourcing, screening, and placement, reducing time-to-hire and improving efficiency.
Growth metrics:
- Processed over 100,000 job openings
- Engaged millions of candidates
- Successfully delivered placements for customers
Future plans:
With this funding, ConverzAI will expand its AI recruiting capabilities, refine its virtual recruiter technology, and scale adoption among enterprises looking to streamline hiring.
