PredictiveHire, A Melbourne, Australia-based recruitment automation startup that uses an AI bot to tell immediately if a candidate is right for a job using just five questions answered via phone text, raised $7 million in a pre-Series A round.
Sydney talent recruiting firm Hudson is one of the startup’s key backers, along with several individuals including Yarra Capital Management chair Dion Hershan, Melbourne investor Leigh Jasper, and former Macquarie Corporate Advisers chair Jim Craig.
The business will use the funds to ramp up its global plans – it already operates in 47 countries – with a big focus on the US market.
Company: PredictiveHire Pty Ltd.
Round: pre-Series A
Funding Month: March 2022
Lead Investors: Hudson
Additional Investors: Dion Hershan, Leigh Jasper, and Jim Craig
Company Website: https://www.predictivehire.com/
Software Category: Recruitment Automation
About the Company: PredictiveHire is humanizing the recruitment process through our inclusive and intelligent automated talent solution that meets the needs of both candidates and companies. Built with heart and backed by science, PredictiveHire goes beyond traditional assessments to help global corporations like Qantas, AfterPay, and Telefonica attract and hire more diverse talent efficiently. PredictiveHire’s automated interview bot, called Phai, is now “interviewing” a candidate every 30 seconds with its five text message questions. The startup has conducted more than 1.2 million candidate interviews, building a dataset of 500,000-plus million words to analyze the contextual meaning of the words people choose in written job interviews. PredictiveHire counts local corporate giants Woolworths, Afterpay, and Qantas among its customer base.