AI-based recruiter VCV acquires $1.7M in new funding round

San Francisco-based startup that leverages AI for recruiting, VCV, has recently announced a successful $1.7 million in funding from Japanese VC Will Group, Talent Equity Ventures, 500 Startups and angel investors such as Indeed's Masahiro Takeshima. This new funding will aid VCV in further developing its tech prowess as well as cement its position in the global recruiting market, as seen with the advent of its new Tokyo office.

VCV aims to eliminate human bias from the hiring process, making the process more fair and efficient for everyone involved. Its cutting-edge AI has already been used by blue-chip companies to preliminarily screen candidates, automate screening calls, and conduct video interviews with voice recognition and video recording.

“Technology has transformed so many industries and workflows, yet far too often, hiring remains behind the curve. In my decade working in human resources, I’ve seen firsthand not just the challenges of hiring, but how outdated and inefficient the process often is,” Arik Akverdian, Founder and CEO of VCV.AI, said. “But AI can improve and streamline the hiring process, while also helping to remove corrosive biases that all humans have. There’s no reason technological innovation shouldn’t transform this area of business—especially considering human talent is an organization’s most important asset.”

Read more here.

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