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Vervoe Lines Up $3.5M To Grow Its Interviewing Platform

Australian interviewing startup has raised $3.5 million in a seed expansion round led by publicly traded SEEK.

and co-founded Melbourne-based Vervoe in 2016 with the goal of transforming the hiring process for small-to-medium-sized businesses. It operated in stealth mode before last August. The latest round of funding brings the companys total , according to 蹤獲弝け.

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Australian employment marketplace operator (ASX:SEK) led the new financing with a $2 million investment. , formerly the COO of and , , founder of , and and of also participated in the round. Vervoe and SEEK are currently exploring multiple ways to work together strategically, according to Molad.

We see a huge opportunity to offer SEEKs customers a seamless path to quickly evaluate candidates as soon as they apply for the job, he wrote via email.

Vervoe plans to use the latest round funding to develop machine learning algorithms that predict the likelihood that candidates will advance based on how they perform. The platform gives employers a way to evaluate candidates simultaneously, but only spend time reviewing the responses of those who are most suitable, according to Molad.

Vervoe also plans to expand its global sales team so it can reach more customers, particularly in the United States. Forty percent of its customers are currently in the U.S., with the rest spread globally.

Job candidates can take customized tests, complete work samples, and perform on-the-job tasks. Candidates are then ranked based on performance with Vervoes platform. The companys thesis is that its platform reduces or eliminates the need for r矇sum矇 screening that can lead to biases in hiring. So far, more than 4,000 companies and tens of thousands of candidates in 75 countries have used the platform.

I love the fact that, by giving every candidate a chance to be interviewed simultaneously, were making hiring about how people perform, not their backgrounds, Molad said.

Vervoe said it has worked with customers in a variety of industries to help fill positions, such as therapists for a family counseling service in California, interns for in Taiwan, graduates for in Australia, cleaning staff for Home Maid Better in Oklahoma, and personal trainers for fitness chain F45 in Canada.

In a press release, , SEEKs managing director of corporate development, said Vervoes platform gives job candidates a way to demonstrate relevant job skills while offering employers and recruiters more confidence and efficiencies in the short-listing process.

Vervoe is making great inroads leveraging technology to address these problems, Fink said in a statement.

Shafer, Vervoes first external investor and COO of Kogan, said he believes Vervoe is revolutionizing the way employers assess candidates.

In an environment today where top job ads can generate hundreds or even thousands of candidates, Vervoe’s system represents the future of intelligent candidate filtering and selection, he said in a statement.

Looking ahead, Vervoe wants to bring fairness and speed to the hiring processwhich has historically been frustrating for both candidates and employers alike.

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