Expertia AI, a deeptech virtual recruitment platform has raised $1.2 million in its seed funding round from marquee investors Chiratae Ventures and Endiya Partners.
The round also saw participation from Entrepreneur First and angel investor Archana Priyadarshini.
The company will use this fund to assemble a team of Artificial Intelligence (AI) researchers and software engineers and create brand, and product awareness in the Indian market.
Bangalore-based Expertise AI was founded in 2021 by Akshay Gugnani and Kanishk Shukla, It is an HRTech Software-as-a-Service (SaaS) platform that provides recruitment solutions to Small and Medium Enterprises (SMEs) by identifying top 10 candidates from a pool of applicants invited from over 25 job boards.
The startup has over 500 companies, 1000 recruiters and over 100k professionals using the platform to automate the sourcing of qualified candidates and relevant jobs.
“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”, said, Kanishk Shukla, co-founder and chief executive officer (CEO) of Expertia AI.
“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”, said, Akshay Gugnani, co-founder and chief technology officer (CTO) of Expertia AI.
“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”, said, Sudhir Sethi, Chairman and Founder, Chiratae Ventures.
Expertia AI aims to capture publicly available metadata beyond job descriptions and resumes, understand business needs and preferences, and offer curated candidates for high conversion and retention.
The company also intends to secure a slice of more than $500 billion in annual spending on recruitment and associated technology by businesses globally.
The company also plans to introduce skills advisory solutions for AI businesses in the coming years.
About Expertia AI
Expertia AI uses Deep Tech to discover, develop and deploy skills to build the future of work for organizations and professionals. Their first offering; Expertia AI’s Virtual Recruiter allows the recruiters to publish jobs on more than 25 top portals in a single click and screen candidates to find the top 10 applicants for any tech job.
The Virtual Recruiter does so by using its state of the art algorithm which identifies hidden skills in the resume, mines the web for professional data, and projects the career path of every applicant. It then assigns confidence scores to the skills, indicating the strength of their candidature, and uses it to rank Top Candidate Profiles.
Their second product; the Expertia Career Site, helps you collect, and remotely manage the incoming job applications through your website, mailing campaigns, and social media channels. Lastly, their Expertia Skill Cloud allows users to store, upload and search their Personal Talent Pool by skills, roles, location, company, and above all helps them to access it for relevant passive candidates for new vacancies.