ENGAGE Talent Raises $3 Million to Accelerate Innovation of AI-Powered Recruiting
Funds will be used to further develop and refine company's predictive recruiting technologies, expand ENGAGE team.
CHARLESTON, S.C., Feb. 14, 2018 /PRNewswire/ -- ENGAGE Talent, an AI software company that helps companies identify and effectively engage with passive candidates, has raised $3 million in new funding. Participating investors include Revolution's Rise of the Rest® Seed Fund, Refinery Ventures and Grand Ventures.
ENGAGE will use the new funds to further develop its predictive recruiting technologies and to expand its science/R&D and success teams.
"ENGAGE is a great example of the type of company we are looking to invest in—it's in an emerging ecosystem and using innovative technology to solve a pressing, real-world problem," said JD Vance, Rise of the Rest® managing partner and bestselling author of Hillbilly Elegy. "Its technology has tremendous potential for helping employers recruit and hire more successfully."
"We're excited by ENGAGE's ability to use deep data-driven insights to reveal highly in-demand candidates that would otherwise be undiscoverable," said Tim Schigel, Refinery Ventures partner. "Their technology enables companies to acquire talent more effectively and quickly. This is critical as we enter the Fourth Industrial Wave, during which innovative companies are expected to compete based on their ability to recruit the best talent."
Surveys show that talent concerns are already top-of-mind for many executives. According to the Conference Board's C-Suite Challenge 2018 survey, attracting and retaining talent is the foremost concern for CEOs, as well as the rest of the C-Suite, including CHROs and CFOs.
"We decided to invest in ENGAGE because we believe in the value of their technology and the quality and expertise of their people," said Tim Streit, Grand Ventures partner. "They have a tremendous commitment to using data science and artificial intelligence to help companies be smarter and more effective with their recruiting and workforce planning."
Among ENGAGE's customers are Dell, Hilton, Allstate, Transamerica, Yoh, and Hudson RPO.
ENGAGE has announced a number of innovations over the last year, most recently ENGAGE ME!, a groundbreaking recruiting Marketing Engine. ENGAGE ME! not only automatically identifies the best candidates to target based on a recruiter's specifications, but also the most effective ways to nurture them.
"While we're proud of what we've accomplished, we're eager to use this new funding to accelerate our progress in enhancing and refining our AI recruiting technology," ENGAGE CEO Joseph Hanna said.
About ENGAGE Talent
ENGAGE solves a relatively difficult AI challenge: predicting people's job security and likelihood to change jobs based on their professional background, career progression, and events impacting their companies and industries. Recruiters use ENGAGE to conduct market research, identify talent pools to target, and build a pipeline of passive candidates who are more likely to engage in a job change discussion. To learn more, visit http://www.engagetalent.com/ and follow ENGAGE on Twitter @Engage_Talent.
View the original press release here.
