AI-powered recruitment platform Perfect raises $13M in seed funding
Summary
Human resources technology startup Talent Fabric Ltd., which does business as Perfect, announced today that it has closed on a $13 million seed funding round as it looks to take on established platforms such as LinkedIn Corp. in talent recruitment.Todays round was led by Target Global and saw participation from Joule Venture and RTP Global, plus a host of individual investors. They included Leon Recanati, Chemi Peres, the Kalish brothers, Oren Rozenbach, Dan Naftali, Uri Levy, Tomer Pomerantz, Nir Adler and former Samsung Electronics Ltd. President Young Sohn.Based in Israel, Perfect has created what it says is a generative artificial intelligence-powered platform that helps organizations to fill staff vacancies by mapping the profiling career graphs of millions of technology-focused professionals.The company says it wants to break LinkedIns monopoly on the talent scouting market, so it relies on generative AI to help companies search for the ideal signals for each available position theyre looking to fill. Perfect scans dozens of public data sources, including social media and other databases, searching for the ideal candidates whose skills match what an employer is looking for.Although all of the data it digs up on available talents is posted online, the advantage of Perfect is that its AI search aggregates that information into a list of prospective candidates for specific roles, then presents it in a way thats easily digestible. Further, it also takes into consideration how receptive each candidate is likely to be to a new job offer.Perfects talent search tools are free to use, though subscribers gain additional tools for refining their searches, the company said.To date, Perfect reckons that it has mapped the profiles and career graphs of millions of U.S.-based technology professionals. The multitude of shifts in the market requires companies to be precise and quick in their ability to take advantage of the opportunities that arise and to recruit the most qualified workforce.Perfect said that its customers include numerous tech firms, such as Incredibuild Ltd., RocketVisor Corp. and even RTP Global, the venture capital firm thats backing it in todays round.The company intends to use the cash from todays round to increase its market penetration efforts and accelerate product development.