AllyO raises $45 million in its latest Series B funding round

June 19, 2019
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California-based job recruiter fueled by AI, AllyO, has recently announced the successful acquisition of $45 million in its latest Series B funding round led bySapphire Ventures and Scale Venture Partners, in addition to  prior investors Google's Gradient Ventures, Randstad Innovation Fund, Bain Capital Ventures, and Cervin Ventures.

The fresh funds bring AllyO’s total raised to $64 million, and Co-founder Sahil Sahni said they’ll help to further develop the company’s products and expand its reach.

Work is well underway, it would seem. Sahni noted that AllyO grew 4.5 times in the past year, and he expects that the company’s candidate-matching suite will be used by as many as 15% of Americans in 2020.

“At AllyO, we aim to make recruiting more delightful and efficient for everyone,” said Sahni, who founded AllyO in 2015 with longtime friend and former Oracle data center architect Ankit Somani. “The AllyO team works very hard prioritizing customer success, generating clear ROI for the world’s largest employers. We are humbled by our exponential growth but also acknowledge the excitement of being able to see the path to an IPO in around 3 years. Partnering with [Sapphire] and [Scale] will aid this significantly.”

Read more here.

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