US-based AI recruitment agency Stellares, a stealth mode startup that uses artificial intelligence to “revolutionize talent acquisition,” has announced they have raised $3.5 million in a seed round led by Jerusalem Venture Partners.
The company, which is based in San Francisco but also has an R&D office in Tel Aviv, looks to redefine traditional recruitment criteria such as job description, salary, and benefits in favor of work-life balance, professional development goals, impact and fit as ways to better match employers to companies. The company uses an algorithm to scan and analyze talent in order to create a better match based on these factors as well as other commonalities, hobbies, management approaches, commute time and more.
“Our A.I. learns about the candidate talent by crawling the web and NLU-ing (natural language understanding) candidates’ digital footprint and by asking them a set of 15-20 questions about who they are, what’s important to them, and where they’d like to be in their careers,” Roi Chobadi, CEO of Stellares said in a statement.
The company, founded by Chobadi and Andy Katz in 2016, also works with tech companies to offer them introductions to top tech talent, helping recruiters with a dashboard and high matching accuracy. The company says recruiters tend to meet with about 60 percent of the talent presented to them.
Stellares is currently targeting the engineering marketing in the US over the next two to three years before it expands to the entire tech sector.
“Artificial intelligence is revolutionizing our world. Serendipitous results based on this disruptive discipline can be evidenced already in many aspects of our lives. However, some of life’s most critical decisions, such as career choice, remain elusive. This is where Stellares comes in,” says Yoav Tzruya, general Partner at JVP. “Stellares’ unique approach to matchmaking is not only in a quantitative manner, but also matching soft skills, interests, psychological aspects and more, all automatically, using AI, are key to finding the right match for both individuals and recruiting organizations.
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