UK-based Metaview announced a $6 million Seed Round of venture capital funding for its digital interview app. This brings its total funding to $7.6 million. The deal was led by Vertex Ventures.
Metaview’s founders hail from Uber and Palantir. They were frustrated with the inefficiencies in the hiring process and set out to build a better experience. Their thesis seems to be that by harnessing the ambient data created in digital interviews (video and audio), they can provide better insights that not only result in better hiring decisions but to fuel interview training and coaching. It’s not a bad thesis, and it’s shared by many tech providers.
Digital interview platforms have been evolving since the early 2000s. Today, the two leaders in the enterprise segment would be HireVue and ModernHire. Both capture video and audio and have innovated with AI, machine learning, NLP, behavioral science, and more. Behind HireVue and ModernHire is a long list of innovators like BrightHire, InterviewIA, TalView, Humanly, Clovers, and the list goes on. It’s one of the more mature and fragmented recruiting technology segments. Add the competition from adjacent categories and the digital interview category gets confusing for enterprise buyers of HR technology.
That’s not to say that there isn’t room for a better solution. The challenge is differentiating and convincing customers that the cost of switching is worth it.
$13.7 billion was invested globally in work tech through Q3 2021 across 299 deals. WorkTech Market Insiders can access insights and analysis of all of the deals in our Q3 report with a free membership.
Source: https://blog.metaview.ai/weve-raised-a-6m-seed-to-power-people-decisions-with-truth/
The UK’s Screenloop announced a $2.5 million Seed Round of venture capital for its digital interview app. The deal was led by Blissgrowth.
This was the second announcement this week of a digital interview provider with founders from outside of the work tech and HR tech ecosystem aiming to solve the inefficiencies in the interview and selection process. Screenloop looks to leverage AI and NLP with the ambient data from video interviews to help employers make better hiring decisions and improve the quality and consistency of interviews. It joins a crowded global field of innovators including HireVue, ModernHire, BrightHire, InterviewIA, TalView, Humanly, Clovers, Metaview, and many more.
$13.7 billion was invested globally in work tech through Q3 2021 across 299 deals. WorkTech Market Insiders can access insights and analysis of all of the deals in our Q3 report with a free membership.
Source: https://info.screenloop.com/blog/seedround
Shiftsmart announced a $95M Series B Round of venture capital funding for its job board marketplace focused on shift-based work. This brings its total raised to $117.5 million. The deal was led by D1 Capital Partners.
Shiftsmart looks to be another job board marketplace operating in a similar fashion to temporary staffing firms by taking responsibility for securing, scheduling, and paying workers. This comes on the heels of Spain’s jobandtalent’s $500 million Series E. joband talent has a similar operating model.
WorkTech data over the last 6 years shows Job board marketplaces as the leading category for HR tech investment globally and by a large margin. $13.7 billion was invested globally in work tech through Q3 2021 across 299 deals. WorkTech Market Insiders can access insights and analysis of all of the deals in our Q3 report with a free membership.