Karnataka-based HRTech platform, Expertia Ai has raised $1.2 Million in series seed round funding led by Chiratae Ventures and Endiya Partners in participation from Entrepreneur First and angel investor Archana Priyadarshini.
The funds will be used for assembling a team of AI Researchers and Software Engineers and creating a brand, and product awareness in the Indian market.
Speaking on the development, Kanishk Shukla, Co-founder & CEO of Expertia Ai, said, “Our vision is to become a global skill cloud offering real-time hiring as a service to businesses worldwide. Our first solution tailored for the SMEs is an AI-powered Virtual Recruiter which uses proprietary algorithms, metadata, and platform integrations to organically source and deliver top 10 job applicants within a few hours. The larger businesses however could access this intelligence as a service by integrating their ATS with Expertia AI and receive real-time fit – not fit recommendations for incoming job applications and alerts notifying them of qualified passive candidates in their historical pool of applicants”.
“We are targeting 100 Job Board integrations in FY 23 up from 25 currently and improve the accuracy of our Top Talent recommendation up from 75% to 85% by the end of the year surpassing the abilities of a trained recruiter. We will also focus on acquiring and employing publicly available metadata at scale to help us go beyond what is written in a job description and resume, understand business needs and hiring preferences, and offer curated candidates for higher conversion and retention,” Akshay Gugnani, Co-founder & CTO of Expertia Ai added.
Commenting on the funding, Sudhir Sethi, Chairman, and Founder, Chiratae Ventures said, “The future of work will be defined by how companies hire and retain talent in the post-pandemic world. We see Expertia AI bringing an AI-powered platform to the world, delivering the best match between candidates and opportunities through automated extraction and matching of skills and we are excited to partner with them.”
“There is an urgent need for Companies to hire better candidates sooner. Expertia AI-enabled ATS platform helps attract quality employees in less time. Kanishk and Akshay bring together a good mix of Tech / AI and Business / Domain expertise to make this happen. Endiya is excited to partner with them in building this new-age recruitment and skill platform,” Sateesh Andra of Endiya Partners further added.