TaTiO, the HR tech company which offers talent acquisition services to businesses through AI, has raised $5.3 million seed funding in a round led by Mensch Capital Partners and Cresson Management.
The round also saw participation from Cerca Discovery, Tau Ventures Ltd., Techstars, and GoodCompany.
Commenting on the funds raised, CEO Maya Hubert said, “There is an ever growing need for companies to find vetted and qualified employees. With TaTiO, we’ve created a new way to hire. Rather than vetting people out, we vet them in. We’re changing the reality of the workforce by minimising the time and cost of hiring, improving employee retention rates, and reducing hiring bias.”
Since the onset of Covid-19, companies are struggling to find, and hire great talent as they compete both within and across industries. At the same time, studies have shown a massive pool of untapped talent.
Under such conditions, TaTiO has already sourced and qualified tens of thousands of candidates for positions in logistics, customer support, technical support, sales, finance and insurance, according to a company statement.
“In this multi-billion dollar market, TaTiO is providing a much-needed platform and unique outlook at a precise time,” said Boaz Shedletsky, Managing Partner of Mensch Capital Partners.
He added, “The current talent shortage is a major issue facing companies around the world, from large public institutions such as Amazon to smaller, privately owned companies. TaTiO is well positioned to bring change to the hiring process, and the job market as a whole.”