Talents Arena, a Cairo, Egypt-based AI recruitment startup, raised a $750,000 pre-seed round of funding to power its expansion into Saudi Arabia.
The round was led by UI Investments, alongside several Saudi and regional angel investors.
The funds will be channeled toward Talents Arena’s expansion plans into Saudi Arabia and the GCC region.
Talents Arena has developed an AI-powered recruitment platform featuring a talent mining engine and automation features. So far, it has made more than 180,000 job matches and placed thousands of candidates in suitable tech jobs.
“Our talent mining engine leverages advanced algorithms and machine learning models that draw upon hundreds of thousands of human decisions to find hidden gems on the talent market and match them with suitable vacancies. This in return automates and streamlines the hiring process for both employers and job seekers,” said Elgebeely. “This funding milestone enables us to accelerate the development of our AI hiring engine and expand our footprint in the Saudi market, which already accounts for 25 percent of our client base. We are excited to bring our cutting-edge technology to businesses across industries in Saudi Arabia and the Middle East, helping hiring managers and recruiters find talents faster with higher accuracy and at a better economical value.”
Company: Talents Arena
Raised: $750K
Round: Pre-Seed Round
Funding Month: August 2023
Lead Investors: UI Investments
Additional Investors:
Company Website: https://talentsarena.net/
Software Category: AI-powered Recruitment Platform
About the Company: Founded in 2019 by Aya Elgebeely, Talents Arena is an AI-powered technical hiring platform that brings talented software engineers with hiring companies. Talent Arena conducts on-demand technical assessments, code reviews, and one-to-one interviews with software developers, and provides companies with a detailed strength report for the candidates to cut down the time wasted in getting the right developer. Talents Arena is an alumnus of Flat6Labs and Plug and Play accelerator programs.
Source: https://disrupt-africa.com/2023/08/10/egyptian-ai-recruitment-startup-talents-arena-raises-750k-pre-seed-round-for-saudi-expansion/