Human resources technology startup Talview Inc. has raised $6.75 million (approximately Rs 48.09 crore at current exchange rates) in its Series A round of funding, the company said in a statement on Friday.
Investors who participated in the round include the United States-based Storm Ventures, Inventus Capital, Eileses Capital and Emergent Ventures.
Company chief executive officer Sanjoe Tom Jose said the funds will be used for enhancing its Instahiring platform with artificial intelligence models. The platform will combine techniques such as routine recruitment operations, anytime-anywhere interviewing and capturing and reusing of data across the hiring process.
The startup says its technology is supported by its AI-powered and advanced assessment solutions. It helps enterprises reduce time to hire for open positions by automating certain tasks.
The startup has worked with companies such as Amazon, Deloitte and Cognizant to help them find candidates for positions. It has also partnered with entities such as Accenture, Microsoft and IBM to expand its solutions.
The investment in Talview is the latest bet on HR startups by investors. Such startups seek to address India’s growing need for talent while, at the same time, addressing gaps in the current traditional HR systems.
In June, Kredily raised $750,000 (around Rs 5.23 crore) in a seed funding round led by Fosun RZ Capital, an affiliate of Chinese conglomerate Fosun Group.
In the same month, Indonesian startup Go-Jek acquihired Bengaluru-based artificial intelligence recruitment platform AirCTO.