A video interviewing platform designed to let candidates shine through their personality – rather than their resume – has raised $11 million.
Israeli company myInterview uses machine learning to make the hiring process more efficient, and help employers choose the right candidates.
It says its technology appeals to young people and will create a more authentic and engaging dialogue between employers and interviewees.
Over a million candidates have already created videos with myInterview for companies like Ocado, Facebook, Six Flags and Chick-fil-A.
Applicants film themselves answering questions, which are assessed by AI. There are time limits, but they can do more than one take.
The AI then ranks the candidates based on the priorities that are most important to the company such as being creative, strategic, disciplined, or stress tolerant (which they also pick in advance prior to advertising the job listing).
“We are seeing radical change in the market when it comes to a new generation of employees and their relationship to work,” said Benjamin Gillman, Co-founder of myInterview.
“With unprecedented attrition rates (the rates at which people leave), now more than ever organizations need to be pushing the bar when it comes to candidate engagement.
“We have experienced tremendous momentum over the past two years and this new funding will further help us to tackle the unprecedented labor shortages we’re seeing by better sourcing and engaging candidates through a much more personalized approach.”
The investment was led by Aleph and Entrée Capital, and included participation from Jesselson Capital and SeedIL Ventures, among others.
myInterview was founded in 2016, and is based in Tel Aviv. It also has offices in Australia, the UK, and the US.