Rec Tech: the Recruiting Technology Podcast Smart Recruiters is the Newest Unicorn
SmartRecruiters, the recruiting software that I was once a client of announced it closed a $110 million Series E round led by Silver Lake Waterman with participation from existing investors... The new capital brings the company’s total amount raised to $205 million, with a valuation of $1.5 billion.
This financing round comes on the heels of strong momentum for SmartRecruiters. In the last 12 months, the company has experienced 70 percent bookings growth behind its expanding product set—with new messaging and analytics capabilities built on its modern talent acquisition platform.
The new funds raised will be used to accelerate product development for SmartRecruiters’ leading talent acquisition suite in the areas of intelligence, automation and conversational interfaces. SmartRecruiters will also continue to expand go-to-market efforts across US, EMEA and APAC, and will provide on-the-ground support for its growing customer community and partner ecosystem.
https://hrtechfeed.com/smartrecruiters-raises-110-million-now-valued-at-1-5-billion/
The newest player on the funding scene is a company Called CENSIA
Censia, a provider of Talent Intelligence technology, announced it has raised $21M in Series A funding in a round led by Marbruck Investments. Marbruck joins other existing investors bringing the company’s total funding to over $30 million.
With this funding, Censia will expand go-to-market efforts, scale their API-first offering, and continue product innovations for talent acquisition and workforce planning powering HR technologies of the future with AI.
Indeed, the world’s number one job site, announced that all jobs posted directly to its platform can add video interviewing options, for both free and sponsored jobs, for no additional charge. This new capability streamlines the hiring process, reducing the time it takes to get candidates to first interviews.
All interviews take place on Indeed’s proprietary interviewing technology Indeed Interview, which has been designed specifically for interviewing. Since there is no software to download, all job seekers and employers need to do is click a unique link and start interviewing. Indeed has hosted more than half a million video interviews to date.
https://hrtechfeed.com/indeed-expands-free-video-interviewing-options-to-all-jobs-posted-on-site/
Greenhouse, the hiring software company, has introduced Job Ad Market, a new functionality that offers customers instant access to thousands of global job boards from within Greenhouse.
For users you can
- Diversify your sourcing strategy by buying individual, pay-as-you-go job listings at competitive rates
- Receive recommendations on the highest performing job boards based on historical and industry performance, job function or region
https://hrtechfeed.com/greenhouse-launches-job-ad-marketplace-with-1000-job-boards/
Veritone, Inc. a publicly traded company and creator of the world’s first operating system for artificial intelligence, announced it signed an agreement to acquire PandoLogic, Inc, a leading provider of intelligent hiring solutions. Based in new york
Total consideration of $150 million on a cash and debt free basis, payable in Veritone cash and stock, with performance earnouts through fiscal 2022. Pando’s investors sold the comapny for essentially 3X yearly revenue.
The acquisition is expected to be immediately accretive, with PandoLogic generating over $50 million in SaaS and related GAAP revenues and over $25 million of EBITDA on a pro forma 2021 basis.
https://hrtechfeed.com/pandologic-acquired/
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