AllyO, a provider of AI recruiting technology, is emerging from stealth and announcing a $14 million round of funding led by Bain Capital Ventures and joined by Cervin Ventures, Gradient Ventures (Google's AI fund), and Randstad Innovation Fund. Indy Guha, partner at Bain Capital Ventures, is joining AllyO's board.
"Businesses are finding that traditional recruiting means are insufficient to keep today's candidates engaged," said Guha. "But key breakthroughs in natural language processing and conversational AI, together with the ubiquity of smartphones, can transform how businesses conduct recruiting. AllyO's AI-first approach is perfectly positioned to lead the way. AllyO has already demonstrated tremendous market success by helping Fortune 500 companies achieve dramatic improvements in core recruiting metrics."
Sahil Sahni, co-founder of AllyO said, "AllyO's AI recruiter, Ally, is used by more than 50 large enterprises across 10 industries and is available in multiple languages and countries. Our customers have seen application completion rates increase to 91 percent, time-to-hire reduce by 83 percent and 'strongly positive' feedback from applicants rise to 81 percent. During this time, Ally has processed millions of applicant interactions and scheduled hundreds of thousands of interviews, each of which have contributed to making Ally smarter for new and existing customers alike."