HireLogic, a Dallas, Texas-based AI-enabled hiring interview intelligence solution, announced that it raised $6 million in Series A funding.
The round was led by Joseph P. Landy, a former partner and co-CEO of Warburg Pincus. Mr. Landy will join HireLogic's board of directors, alongside Noam Eisenberg and Anirban Chakrabarti. Existing investors from HireLogic's seed round also participated, bringing the total funding raised to over $10 million.
This investment will be used to advance the capabilities of HireLogic's conversational analytics platform, expand go-to-market activities, and meet the demands of the firm's growing customer base.
Mr. Landy "Joe is a proven investor and advisor to emerging companies, has helped numerous technology startups reach their full market potential, and recognizes the massive total addressable market opportunity for a common HR challenge," said Anirban Chakrabarti, HireLogic CEO. "HireLogic will benefit tremendously from having access to Joe's guidance and network as we embark on our next phase of growth and go to market activities. I want to thank Nancy, Umesh, and Buster for their enormous support, domain expertise, and customer insights that built the foundation for HireLogic. We are grateful for their guidance that has enabled our AI driven innovation to address the needs of the large global talent acquisition market."
HireLogic has established a new standard for interviewing candidates and filled a gap in the hiring process. The solution uses conversational analytics and AI to listen to interviews and provide objective candidate insights for better hiring decisions.
Its customers can expect immediate benefits in the form of increased productivity, with automated insights that enable faster decision-making and increased candidate engagement.
The company has seen significant usage growth across its customer base within six months of the public launch, listening to thousands of interviews a month and analyzing over half a million interview minutes.
Company: HireLogic, Inc.
Raised: $6.0M
Round: Series A
Funding Month: February 2023
Lead Investors: Joseph P. Landy
Additional Investors:
Company Website: https://hirelogic.com/
Software Category: HR Software
About the Company: HireLogic was founded by Umesh Ramakrishnan, Nancy Albertini, and Buster Houchins of Kingsley Gate Partners, to help organizations improve the process of evaluating candidates with better data and insights. HireLogic is an AI-powered conversational analytics platform that dramatically improves interview productivity and intelligence, to enable smarter hiring decisions. Built on decades of recruiting experience and using advanced AI models, HireLogic extracts valuable insights by listening to any in-person or remote interview. HireLogic can be used by individuals or organizations of any size, who can start experiencing smarter hiring for free
Source: https://www.prnewswire.com/news-releases/hirelogic-secures-6m-series-a-funding-to-bring-conversational-analytics-to-the-global-talent-acquisition-market-301751839.html