Series A Funding: Taking Candidate Experience Further
My Ally completes Series A round of financing, with Storm Ventures leading the investment round alongside participation from Eileses Capital, Firebolt Ventures and Gokul Rajaram.
As the leader in applying artificial intelligence (AI) to enhance the candidate experience, we look forward to this investment helping us deliver a better experience to existing customers, reach new ones, and broaden and accelerate product development.
Storm Ventures General Partner Arun Penmetsa, who joins our board of directors, said of this development: “My Ally’s offering is well-timed to the rapidly increasing demand for solutions that improve the candidate experience and a company’s recruiting process. We believe the market will continue to see a shift towards recruiting automation as HR teams increase their reliance on AI to build smarter, faster and simpler workflows.”
We are especially delighted to secure this investment following a year of exceptional growth, including an ever-growing roster of customers including iRobot, Compass and Talend; and executive appointments from ZipRecruiter, Udacity and Cornerstone OnDemand.
Perhaps most exciting is the evolution of our product to include new features such as Live Link, which syncs with interviewer calendars to let candidates choose their interview time slots from a customized, user-friendly web page.
Traditional, tactical approaches to recruiting operations and talent management are slow and rife with human error, which negatively impact the candidate experience and lead to high candidate dropout rates.
Our breakthrough AI technology promises to dramatically increase offer-acceptance rates by 40% and shorten candidate pipeline times by 75% by ensuring that candidates are moved through the interview process swiftly and accurately.
Infinite scalability empowers users to interact with one candidate or one thousand, all in real time and with equal efficiency. Powered by natural language processing and machine learning, our solution evolves to create an experience candidates will remember for all the right reasons.