Advanced Interviewing Platform Vervoe Announces $3.5 Million Funding Round Led by SEEK. The funds will be used to develop machine learning technologies that rank candidates based on how they perform.
NEW YORK–Co-founded by entrepreneurs Omer Molad and David Weinberg, Vervoe is a way of interviewing that helps employers and recruiters test the technical and personal skills of all candidates simultaneously. Candidates prove their skills by taking customized tests, completing work samples, and executing on-the-job tasks, reducing the need for résumé screening which can lead to hiring biases.
The funding round of USD $3.5 million is led by SEEK, global leader in online employment markets, who will contribute USD $2 million. Additional investors include Jesse Hertzberg, former COO of Etsy, Zachary Lewy, Founder of Arrow Global Limited, and RusIan Kogan and David Shafer of Kogan.com.
The capital will be used to develop machine learning technologies, which will rank candidates based on how they perform in online simulations against an employer’s hiring requirements. The capital will also be used to build Vervoe’s global sales team and further expand its customer base.
“I love the fact that by giving every candidate a chance to be interviewed simultaneously we’re making hiring about how people perform, not their backgrounds,” said Vervoe CEO, Omer Molad. “That’s our mission at Vervoe, and this capital raising gives us the opportunity to bring our way of interviewing to more companies around the world.”
Daniel Benor, former HoneyBook executive, will join Vervoe as Head of Product in the coming months to drive the company’s product innovation and user adoption. The Board of Directors has expanded to include Spencer Greene and David Shafer.
Vervoe has been used by over 4,000 companies and tens of thousands of candidates in 75 countries worldwide.
For more information on Vervoe, please visit www.vervoe.com.