humanpredictions, a machine learning technology company whose product helps recruiting companies and enterprises identify and build relationships with tech talent, has recently announced a $1.16 million funding round led by Network Ventures with additional investment from Hyde Park Angels, SaaS Ventures, and M25. This capital will help humanpredictions further grow and invest in its team of engineers and data scientists.
Recruiting for tech roles can be difficult. Because of the competitive nature of tech, it is often challenging for recruiters to find people who both have the right skills the company needs and are ready to pursue a new job opportunity. Once they have identified people of interest, recruiters may struggle to start the conversation in terms that prospects will respond to.
To address those problems, humanpredictions provides organized data-search tools and gathers public data to create profiles of people in the tech industry, specifically Software Engineers, DevOps, Data Science, Product, iOS/Android, Designers/UI/UX, and QA. The platform then uses machine learning to predict which individuals are more likely to leave their current roles. In addition, humanpredictions facilitates the conversation with people by indicating when and how to reach out. By accessing these insights, recruiters can better target their outreach, find the right matches more easily, and improve the flow of the interviewing process.
Elliott Garms, Co-founder of humanpredictions, commented, “As the only recruiting product built exclusively for the tech industry, humanpredictions is tailor-made for companies looking to recruit for tech roles. We know software engineers are often skeptical of recruiters, so we want to help employers and recruiting firms build relationships with people over time. With this capital, we’ll be able to grow our team so that you can help grow yours.”
Jeff Maters, Founder and Managing Director of Network Ventures, added, “We are excited to be able to help humanpredictions grow its offering and further build its 44 million-person database. With its powerful insights and deep understanding of recruiters’ needs, the product is already adding significant benefits to the tech recruiting process for a spectrum of major companies.” This announcement comes shortly after major growth for humanpredictions. The company is approaching $1M in annual recurring revenue, and its product has been adopted by industry-leading companies.