Hyreo, the Indian HR tech & AI startup has successfully concluded its pre-series A funding. The round witnessed participation from Callapina Capital, Anas Rahman Junaid, Konglo Ventures, Raveendranath Kamath, Nat Natraj and other investors from Silicon Valley. This capital will be used by the Company to expand internationally and enhance its product development team. The Thiruvananthapuram-headquartered company is all set to increase its workforce by 100 per cent in a year’s time.
Presently, Hyreo has 25 members and caters to over 40 clients in India, as well as the US and South Asia.
The four-year old Company, was co-founded by Arun Satyan, Mahesh Raju and Sreenath N with an aim to simplify the recruitment process and improve candidate experience with the use of artificial intelligence.
The company offers a customised candidate relationship management (CRM) tool with deep conversational AI capabilities, to enterprises and large customers across technology, IT, banking and financial services sectors. It helps transform the recruitment process into a highly engaging experience for candidates and recruiting teams. The customers are assured of enhanced employer brand, consistent candidate experience, improved offer conversion, lower cost and ace quality hires.
Arun Satyan, co-founder & CEO, Hyreo, is confident that with this round of investment, the Company is ready for the next stage of growth and that “It is time for Hyreo to start looking at larger international markets, including the US and other APAC regions. With the conclusion of this funding round and onboarding marquee investors, we are setting out to achieve our Hyreo 2.0 vision in the next few months.”