Canditech, a Tel Aviv, Israel-based startup helping companies accurately assess job candidates with the world's first online job-simulation platform, announced that it raised $9 million in seed funding.
The round was led by global software investor Insight Partners and StageOne Ventures.
The funding will fuel Canditech's expansion into new markets and help more companies streamline their hiring processes in a bias-free manner.
Company: Canditech Ltd.
Raised: $9.0M
Round: Seed Round
Funding Month: June 2022
Lead Investors: Insight Partners and StageOne Ventures
Additional Investors:
Company Website: https://www.canditech.io/
Software Category: AI-powered Assessment platform
About the Company: Canditech is an AI-powered assessment platform that allows companies to automate the screening process and engage candidates with beautiful, branded tests that are 100% custom-made for their needs. Industry-leading companies are using Canditech to expand their pool of candidates and hire the best professionals faster using tailor-made job simulation tests - the best predictor of future job performance. Canditech bias-free tests empower recruiters and hiring managers to objectively evaluate both technical abilities (code, SQL, Excel, etc.) and soft skills (using video responses and email communication scenarios), all while providing an amazing candidate experience.
Source: https://www.prnewswire.com/news-releases/canditech-raises-9-million-seed-round-from-insight-partners-and-stageone-ventures-to-create-a-world-without-resumes-301569345.html