HR AI startup Pulsifi, which won the HR Tech PitchFest in October, announced today that it has raised US$1.8 million in an angel funding round, bringing its total funding to US$4 million. The round brought in new investors Aaron Chen, founder of KVC group of companies, Kairous Capital, and Rajesh Lingappa, co-founder and former CTO of RedMart, to join the startup's existing investors.
According to Pulsifi's co-founder and CEO Jay Huang (photo above), the company plans to use the funding to develop its product offerings and expand into Europe, where a number of its large multinational customers—such as Nestle, Heineken, and RB—are headquartered. It currently operates in Singapore and Malaysia and has a customer base across six countries.
“With COVID-19, we had to adapt our plans for 2020. We are fortunate to still hit the goals we set out to achieve. During the pandemic, we expanded to serving customers in the healthcare, high-growth manufacturing and telco sectors,” said Huang. “As employers became more selective in hiring, we took the opportunity to enhance our platform to better support our customers with their existing employees as well.”
Pulsifi, which was founded in 2016 by Huang and Pete Yoong, uses a combination of people analytics and predictive AI to profile candidates and assess how well they would fit into an organization or role. The company claims to be able to predict people outcomes at work with 90 percent accuracy.