Two relatively unknown companies in the online recruiting world made news today. Fusemachines, an artificial intelligence software firm has acquired New York based Rake, an iOS app that lets job seekers store and track jobs from around the web. Terms of the deal were not disclosed.
NEW YORK, June 29, 2018 /PRNewswire/ — Fusemachine Inc., a leading provider of AI solutions, software and educational services announces the acquisition of Rake Inc, a talent acquisition and candidate engagement platform that services candidates and employers by providing an array of tools leading to better experiences and outcomes throughout the recruitment process.
Rake has developed technology and IP in talent acquisition that helps employers capture and engage candidates who visit their career website while providing a better candidate experience. The Rake platform also consists of a web and mobile app that allows candidates to manage their entire job search all in one place. Fusemachines plans to expand on the technology and expertise of Rake for improving its AI talent pipeline and its AI as a Service offering.
“The team at Rake are experts in talent acquisition technologies as well as online education. Such experience is vital in the growth of Fusemachines, specifically for our education, training and the delivery of AI talent and solution services,” says Sameer Maskey, Founder & CEO of Fusemachines. Rake’s team comes with a lot of experience in Human Capital Management and Education industries. Rake’s CEO, Michael Iacona, has led and grown online education companies like the IIN and has worked extensively in HR technology for companies such as Monster Worldwide and TMP Worldwide, where his team led the development and launch of TalentBrew, a category leader for Fortune 500 companies in the talent technology space.
“AI is the future. Companies are having and will continue to have a hard time finding the necessary talent to not only be successful, but also to overcome any ongoing concerns that AI brings to those who don’t embrace it,” said Michael Iacona, Founder & CEO of Rake. “Having a shared vision and a strong mission component, coupled with a real need in the marketplace, made this an easy decision for Rake and our investors. We’re energized to join Fusemachines and excited about the opportunities ahead.”
The executive team of Rake will be joining Fusemachines with Rake’s CEO, Mr. Iacona, joining Fusemachines as the Chief Strategy and Growth Officer, working closely with clients to incorporate the best ways to leverage AI in their business, while positioning Fusemachines as a leading provider for AI solutions, software and education.
Fusemachines seeks to be a leader in AI education and talent space. Fusemachines sources and grooms AI talent in developing countries and underserved neighborhoods using its proprietary learning and testing platform. Fusemachines connects these groomed AI engineers to companies seeking AI talent.
About Fusemachines, Inc.
Founded in 2013, Fusemachines Inc. is a pioneer in the field of Machine Learning and Artificial Intelligence. Fueled by the research of its Founder/CEO Sameer Maskey (an Adjunct Professor at Columbia University teaching Deep Learning and AI for Business), Fusemachines’ mission is to put AI in everyone’s hands through education, software & services. The company has successfully provided its products and services to a myriad of industries, helping companies solve real-world problems through the use of AI innovations.