As the working-class demographics are changing with millennials join the workforce, so is the hiring process.
With Talent acquisition becoming a major requirement for the growth in the dynamic business world, the need to keep the hiring process simple and more upbeat with the changing trends is important. In this space Talview, an HRtech startup is developing a new hiring tool called Instahiring to enhance the quality of hiring, candidates experience, and at the same time reducing the cost of hiring as well.
The platform has been designed to cater for the mobile-first internet users of 21 century who are well-versed with the virtual method of communication, the company said. Talview managed to raise $6.75 Mn in Series A round of funding. The company plans on enhancing the talent hiring process for employers across the globe.
Instahiring combines three techniques for this purpose: automation of routine recruiters task, enabling anytime-anywhere interviewing, and capturing and reusing data throughout the hiring process.
All this is enabled by “Talwiew’s AI-powered video interviewing, cognitive remote proctoring, and advanced assessment solutions that leverage the best-in-class natural language processing, machine learning, commuter vision, and video analytics capabilities,” according to the official statement.
The Palo Alto-based company was founded by Sanjae Jose, Subramanian ‘Mani’ K and Jobin Jose. It provides “digital interviewing”, “Intelligent Remote Proctoring” and “hiring analytics” software as a service to its clients. Talview’s talent Assessment Technology managed to raise its own revenue by 10 times in the last two years and has served clients like Amazon, Deloitte, Swiss Re, Cognizant and Sephora.
The company received fundings from Storm Ventures, Inventus Capital, Eileses Capital and Emergent Ventures. All these investors are known to invest in successful startups and companies throughout the world.