Egypt: AI recruitment platform raises pre-seed funding
Egypt-based AI recruitment company, Talents Arena, has announced the closing of $750,000 in pre-seed funding from UI Investments, alongside several prominent Saudi and regional angel investors.
Talents Arena has successfully made more than 180,000 job matches and placed thousands of candidates in suitable tech jobs, using its talent mining engine and automation features. The new funds will be channelled towards Talents Arena’s expansion plans into Saudi Arabia and the Gulf region.
“Our talent mining engine leverages advanced algorithms and machine learning models that draw upon hundreds of thousands of human decisions to find hidden gems in the talent market and match them with suitable vacancies. This, in return, automates and streamlines the hiring process for both employers and job seekers,” said Aya Elgebeely, founder and CEO of Talents Arena.
* Subscribe to Africa Private Equity News’ monthly Dealmaker’s Log for a database of the reported investment deals, exits and fundraising closes. Click here for more information.