HireVue said Wednesday that it has raised $25 million in funding. Sequoia Capital led the round with participation from return backers Investor Growth Capital, Granite Ventures, Peterson Ventures and Rose Park Advisors. HireVue is a digital recruiting platform.
SALT LAKE CITY – October 2, 2013 – Talent Interaction Platform™ provider HireVue today introduces new products and expertise designed to let people tell their story and demonstrate their talents, fueled by a $25 million round of funding. HireVue will utilize the funding to expand its platform, services and team to address accelerating market demand for talent interaction needs that span across the talent lifecycle. The company’s close of $25 million in funding was led by Sequoia Capital, with participation from existing investors.
“Job market and workplace frustration is at an all-time high and organizations can no longer sustain the static, prolonged and impersonal processes associated with recruiting and engaging people,” said Mickey Arabelovic, Partner, Sequoia Capital. “While most technology of the past decade has focused on automating processes, HireVue’s Talent Interaction Platform is a true breakthrough, putting people, their voices and experiences, back in the center of business. It’s a must-have in today’s environment and we’re excited to be part of the company’s vision to improve how work gets done and the way in which companies interact with talent.”
TURBOCHARGED “HI-DEF” INTERACTION
HireVue’s new Talent Interaction Platform, which augments existing applicant tracking, talent management, business and social applications, is designed to deliver high-definition clarity into people’s character, cultural fit, personality, and potential. It features:
· HireVue for Sourcing: Branded social media and digital campaigns help modernize employment branding, extend sourcing reach, engage passive candidates, and meet higher quality applicants.
· HireVue for Screening: Quickly screen more candidates in less time and get deeper insight early in the process with on demand digital interviews. Secure buy-in from team members and hiring managers by rating, comparing and sharing only the best candidates. HireVue is pre-integrated with more than a dozen existing recruiting platforms.
· HireVue for Validation: Finally, a way to validate candidates’ ability to work during the recruiting process – before putting them in front of senior staff. HireVue’s multi-media questions, tests, and industry-specific evaluation tools perform deeper capabilities assessments and pose real-life scenarios to effectively evaluate skills.
· HireVue for Interviewing: Bring in only the best candidates for final rounds after validating skills, capabilities and cultural fit with live online interviews, questions and probes. Live video and panel interview tools enhance the experience, allow for deeper insights, and can be recorded and shared with the hiring team.
HireVue for Onboarding: Allow candidates to introduce themselves and get to know new team members beyond words on a resume or online profiles. Video-enriched profiles allow deeper insight and collaboration before day one.
“What energizes us is the ability to infuse not only the human touch – but also efficiency, intelligence and accuracy – into talent interactions. HireVue is working to help companies and people better connect – saving millions of hours and dollars wasted on static, broken and impersonal processes,” said Mark Newman, CEO and Founder, HireVue. “People everywhere deserve a chance to have a voice, tell their story and be heard.”
The latest round including existing investors Investor Growth Capital, Granite Ventures, Peterson Ventures and Rose Park Advisors. In previous rounds, the company raised a total of $22 million to build out its industry-leading digital interview platform. Over the past year, the company has launched 5 new products, successfully completed and integrated an acquisition, more than doubled the team and welcomed a world-class customer base including more than 20 percent of the Fortune 100. During the fiscal second quarter, the company closed, on average, more than one deal per day.
To learn more about HireVue, visit www.hirevue.com
HireVue is making business personal again through social, mobile & video enriched workplace interactions. Our Talent Interaction Platform™ lets people tell their story and demonstrate their talents, enabling high-touch collaboration and insights – all at the speed, quality and consistency of digital. HireVue was recognized by Inc. magazine in 2013 as a top 500 fastest growing private company and HR Executive Magazine as a Top HR Product of 2012. Join HireVue customers like Ocean Spray, Dow Jones, and Walmart who are reimagining recruiting and putting the personal back in business. http://www.hirevue.com.