This Berlin-based tech startup is solving recruitment problems via Machine Learning

This Berlin-based tech startup is solving recruitment problems via Machine Learning

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Just like any other domain, online recruitment platform is undergoing a radical transformation as well. A good recruiting software platform should be built on several factors including ease of use, the capability to customise solutions to meet the company’s needs and of course the scalability.

HeyJobs helps you get the most out of your budget!

With hundreds of recruiting platforms out there, HeyJobs, a Berlin-based Recruiting Tech Start-Up stands out in the crowd for executing the process on a large scale with the help of machine learning. This platform uses a combination of machine learning, marketing automation and a matching algorithm to deliver more quality candidates at a lower cost than any other platform.

Raised $12 million funding!

Recently, the Berlin-based startup announced the closure of a $12 million (approx €10.6 million) Series A funding round led by Notion Capital, with participation from existing investors Creathor Ventures, GFC, and Heartcore Capital. The company will utilise this fund to accelerate the application of artificial intelligence in talent acquisition.

Marius Luther, Founder & CEO: “Predictable Hiring, as pioneered by HeyJobs, is creating a whole new category that disrupts the classifieds and staffing industry by offering a better experience to both employers and job seekers.”

HeyJobs – Tackling the recruitment problem

Founded by Marius Jeuck and Marius Luther, HeyJobs helps employers recruit skilled workers at scale by leveraging several machine learning algorithms. Through the process called Predictive Hiring, the product identifies talent that matches a job profile and draws in the best candidates through targeted marketing and a personalized application & assessment flow.

The company’s platform identifies both active and passive candidates on 1000+ channels and pages that match a job profile.

Chris Tottman from Notion Capital, lead investor, sees that “HeyJobs is transforming the future of work for millions of people, matching them with countless unfilled opportunities.”

Losing 500,000 workers annually!

In 2016, they founded HeyJobs to disrupt the recruitment market through technology. And the second reason is Europe’s dramatical change in labour demographics. With the “boomer” generation nearing retirement, European employers are facing steep declines in the available workforce. For instance, Germany alone is losing 500,000 workers annually.

Serving around 600 clients!

HeyJobs is now serving over 600 clients including household names such as Deutsche Bahn, United Parcel Service, PayPal, FiveGuys, Douglas, Edeka, Maredo, Vodafone, and Securitas. The company currently employs around 50 people with headquarters in Berlin.

Chris Tottman, added:

A leading public transportation provider in Germany told us that without the many hires they make through HeyJobs, trains would not run on time. A jobseeker said that she was connected in minutes to a better-paid job closer to her home, allowing her to spend more quality time with her family. In her own words, ‘HeyJobs changed my life’.

Stay tuned to Silicon Canals for more updates in the tech startup world.

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