Perfect, a Tel Aviv, Israel-based human resources technology startup, announced that it closed a $13 million seed funding round led by Target Global.
Joule Venture and RTP Global, and a host of individual investors including Leon Recanati, Chemi Peres, the Kalish brothers, Oren Rozenbach, Dan Naftali, Uri Levy, Tomer Pomerantz, Nir Adler, and former Samsung Electronics Ltd. President Young Sohn also participated in the round.
The funds will be used to increase its market penetration efforts and accelerate product development.
Eylon Etshtein, Co-founder & CEO of Perfect, said the company sees itself as the “Spotify for talent” and works by learning the hiring preferences of each company, so as to adapt its recommendations accordingly.
“We bring a true revolution to a world that’s stuck in the past and relies upon manual searches at tools such as LinkedIn that clog the market in the old world,” Etshtein said. “The multitude of shifts in the market requires companies to be precise and quick in their ability to take advantage of the opportunities that arise and to recruit the most qualified workforce.”
Perfect’s talent search tools are free to use, though subscribers gain additional tools for refining their searches. To date, Perfect reckons that it has mapped the profiles and career graphs of millions of U.S.-based technology professionals.
Perfect customers include numerous tech firms, such as Incredibuild Ltd., RocketVisor Corp., and even RTP Global, the venture capital firm that’s backing it in today’s round.
Company: Talent Fabric Ltd.
Round: Seed Round
Funding Month: December 2022
Lead Investors: Target Global
Additional Investors: Joule Venture, RTP Global, Leon Recanati, Chemi Peres, Oren Rozenbach, Dan Naftali, Uri Levy, Tomer Pomerantz, Nir Adler, and Young Sohn
Software Category: AI-powered Recruitment Platform
About the Company: Perfect is an AI-driven, question-based recruitment platform designed to help HR teams find, reach, and engage with top talent. Its generative artificial intelligence-powered platform helps organizations fill staff vacancies by mapping the profiling career graphs of millions of technology-focused professionals. It scans dozens of public data sources, including social media and other databases, searching for the ideal candidates whose skills match what an employer is looking for.