HireLogic, a Dallas, TX-based provider of an artificial intelligence (AI) enabled hiring interview intelligence solution, raised $6M in Series A funding.
The round, which brought total funding raised to over $10M, was led by Joseph P. Landy, former Partner and Co-Chief Executive Officer of Warburg Pincus, and existing investors from the seed round. Mr. Landy will join HireLogic’s board of directors.
The company intends to use the funds to advance the capabilities of its conversational analytics platform, and expand go to market activities.
Conceiverd by Umesh Ramakrishnan, Nancy Albertini, and Buster Houchins, Led by CEO Anirban Chakrabarti, HireLogic is an AI-powered conversational analytics platform that aims to improve interview productivity and intelligence, to enable data-driven hiring decisions. Built using advanced AI models, the company extracts insights by listening to any in-person or remote interview.
The solution leverages conversational analytics and AI to listen to interviews and provide objective candidate insights for better hiring decisions. Simply by inviting HireLogic to listen to any in-person or remote interview, hiring managers or recruiters can go beyond transcriptions and note-taking to understand how much of the job description the conversation covered, detect candidate attributes such as aspirations and leadership experience, and provide data for interviewer coaching such as potential question bias. It determines speaker roles, infer intent to recognize job functions and candidate characteristics, and even detect question bias for coaching and compliance. In addition to supporting video platforms such as Zoom and Microsoft Teams, HireLogic offers a companion app that can listen to any in-person or telephonic meeting, providing full coverage for all interview modes. To prepare interviewers, the system can optionally auto-generate smart questions for any position, leveraging a combination of OpenAI (GPT-3) and HireLogic capabilities.
Individuals and hiring managers who use HireLogic can expect to see immediate benefits in the form of increased productivity, with instant automated insights that enable faster, collaborative decision making, and increased candidate engagement through better interview preparation, structure, and consistency. HR teams and organizations can augment decision making with objective data, avoid memory bias, and detect potential question bias for coaching and compliance purposes.
During his 35-year tenure at Warburg Pincus, Mr. Landy grew the firm’s private equity assets under management to $56 billion and led investment in areas including information technology, Internet applications and infrastructure. Mr. Landy has previously served as a board member of CrowdStrike, Neustar Inc., Covad Communications, Avaya Holdings Corp. and Bausch & Lomb Inc.
FinSMEs
20/02/2023