AI-powered interviewing platform BarRaiser on Monday announced that it has raised $4.2 million in seed financing, led by 021 Capital and Global Founders Capital, with participation from other angel investors.
BarRaiser’s AI-powered platform schedules candidate interviews around the clock, utilising a global community of 800+ recognised experts from leading companies. Recruiters and hiring managers receive detailed assessment reports and recommendations, while job seekers enjoy a structured, personalised interviewing experience.
“BarRaiser’s mission is to help companies hire exceptional talent faster, while conducting structured and fair interviews.” says Avinash Saxena, BarRaiser CEO and former founder of Roposo, a social video app.
“We are working with 250+ leading tech companies and are seeing continuously growing demand across the globe. This financing round will help us expand our reach and make additional investments in technology that helps close the gap between talent and opportunity.”
“With 30,000 technical interviews already under our belt, we are raising the bar on hiring,” Saxena added.
The Bengaluru-based startup plans to leverage the new capital towards market expansion and scaling its engineering and data science teams to meet growing demand for its SaaS and Interview community product (BarRaiser+).
“BarRaiser is creating an awesome candidate experience with their transparent and structured interview process. Companies can now hire at a significantly faster pace without putting pressure on internal teams. This has also helped them grow tremendously fast, with top brands getting access to the rockstar team of interviewers at BarRaiser,” said 021 Capital founder Sailesh Tulshan.
“In today’s hyper competitive job market, being able to find the best fit talent can make all the difference in the company’s success,” shared Roel Janssen, Partner at Global Founders Capital. “By adding unbiased, data-driven efficiency to the recruiting process, BarRaiser helps growth companies hire people who can innovate, challenge the status quo and contribute to growth.”
With hiring becoming a critical function amid the ongoing global power shift, it will be interesting to see how this smart interviewing platform equips organisations and hiring managers with the right digital infrastructure while enhancing experience for candidates.