Stella.ai Launches World's First Shared Talent Network
Summary
"Stella.ai utilizes artificial intelligence and machine learning with an original business model of companies sharing all their applicants, to source qualified talent at a fraction the time and cost." Companies pay $2,000 if they hire from the network, and receive referral fees if a candidate that they invite to Stella.ai is placed by Stella.ai which for the first time creates a revenue stream into the HR department. "It goes against conventional thinking for companies to share candidates, however, Stella.ais innovative approach to hiring lets us connect with active talent in a highly efficient way," said Matt Schuyler, CHRO for Hilton Worldwide. "While in stealth mode, we signed up 100 large enterprises for our US national rollout, including 50 of the Fortune 500, with Unilever, Hilton, JetBlue, Rackspace, Charter, Allergan, HBO, Revlon, and Estee Lauder Companies among the brands engaged on the platform," said Richard Joffe, Stella.ai CEO and Co-Founder. To date Stella.ai has raised $10M+, led by CRV, Darpa (US Military), and participation from dozens of strategic investors such as: Auren Hoffman (CEO/Co-founder of SafeGraph and LiveRamp); Craig Kallman (CEO of Atlantic Records); Eric Zinterhofer (Founder, Searchlight Capital); Gary Lauder (founder of Lauder Partners); Jason Finger (Founder/CEO, Seamless); Jay Rasulo (ex-CFO Disney); Pete Briger (co-Founder, Fortress Capital); Pete Flint (co-Founder/CEO Trulia and NFX Guild); Peter Arvai (Founder/CEO, Prezi); Todd Fisher (CAO, KKR); and Wade Davis (CFO Viacom).