News: Redrob raises $4M seed round by Murex and DS & Partners

Funding & Investment

Redrob raises $4M seed round by Murex and DS & Partners

With the new investment, Redrob aims to expand its AI-based talent assessment tools to assist organizations in hiring talent.
Redrob raises $4M seed round by Murex and DS & Partners

Redrob, a global recruitment platform, has secured a $4 million investment in a seed funding round led by Murex Partners and DS & Partners.

With the new investment, the recruitment platform will expand its online screening capabilities with Red Global People Search, an AI tool designed to streamline candidate data into a 'universally understandable' format, enabling sales, networking, and recruitment. Redrob has also launched Redrob Online Skill Tests, an AI-based talent assessment tool intended to predict on-the-job performance without human bias. Additionally, the company will develop its "Employer of Record (EOR)," aimed at helping companies avoid outsourcing firms and directly hire talent from countries such as India without the need to set up an office or handle payroll. This approach allows even small startups to emulate the 24/7 operations of Fortune 500 companies and their global subsidiaries, according to the company's statement during the funding round.

Felix Kim, the co-founder and CEO of the recruitment platform, stated, "65% of the world’s population is online, yet so few businesses are truly global. The greatest obstacle to hiring and selling globally is a lack of contextual knowledge. For example, U.S. recruiters may not be aware of the local Ivy League in India, while Indian salespeople may lack knowledge about local distributors in the U.S. Redrob aims to break down country-specific silos of contextual knowledge, revolutionizing the way people meet online.”

Commenting on the funding, Mr. Jinyoung Park, Senior Associate at Murex Partners, said, “With India’s economic rise, we believe Redrob will be able to connect Indian talent to companies around the world.”

Investing in the recruitment platform, Han Joon Lee, Senior Vice President at DS & Partners, commented, “South Korean and U.S. companies are increasingly looking to hire Indian talent but do not know where to start. We hope Redrob will be able to solve this problem of information asymmetry.”

Recently, secured $9.5 million in a funding round led by Base10 to further expand its operations, creating integrated solutions for startup back-office needs such as bank accounts, corporate cards, bill payments, HR, and payroll. Another HR and payroll software platform, Employment Hero, raised SGD 229 million by TCV, contributing to the global revolution in HR Tech funding.

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Topics: Funding & Investment, HR Technology, #HRCommunity, #ArtificialIntelligence

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