Kerala-based HRtech And AI Startup Hyreo Raises Pre-Series A Funding
Hyreo, a Kerala-based HRtech and AI startup, has announced the closing of its Pre-Series A funding round led by Callapina Capital.
The funding round also saw participation from Anas Rahman Junaid, Konglo Ventures, Raveendranath Kamath, Nat Natraj and other investors from Silicon Valley.
As per the startup, it will use the proceeds to fuel its international expansion and increase its product development teams. The startup also aims to expand its offerings to provide additional capabilities around sourcing automation, talent marketing tools and effective talent communities.
Hyreo | Candidate Centric Recruitment
Started in 2017 by Arun Satyan, Sreenath N and Mahesh Raju, Hyreo offers a customised candidate relationship management (CRM) tool with deep conversational AI capabilities. The platform can also automate recurring recruiter tasks and bring in toolkits for virtual recruiting.
With clients across technology, IT, banking and financial services domains, Hyreo leverages NLP/Chatbot/data analytics technology and human behaviour science principles to create a 24/7 virtual layer of assistance for candidates while automating recurring recruiter tasks.
Speaking on the development, Arun Satyan, Co-founder and CEO of Hyreo, said,
“This round will push us to the next stage of growth. We have, since our inception, built a highly capable and relevant product, which has a global appeal. It is time for Hyreo to start looking at larger international markets, including the US and other APAC regions. With the conclusion of this funding round and onboarding marquee investors, we are setting out to achieve our Hyreo 2.0 vision in the next few months.”
With a team of 25, which the startup plans to increase by 100% in the next year, Hyreo caters to more than 40 clients across India, the US, and South Asia.
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