New eAA Sponsor Talview Raises $15M
Funding to accelerate development of the company’s Video AI platform
Talview, a leading provider of an end-to-end, AI-powered hiring and proctoring solution, and new Gold Sponsor of the e-Assessment Association announced it closed $15M in Series B funding at the end of July 2021.
In their press release, Talview went on to state:
“The new capital further validates that Talview’s video AI platform is perfectly positioned to help organizations analyze talent interactions for more efficient and effective talent decisions in a digitized world where video plays a key role. With 42% of organizations believing assessing a candidate for a job fit is challenging, Human Resources (HR) and Talent Acquisition (TA) leaders seek AI-powered talent solutions to support smarter decisions through the talent lifecycle.
“Our customers seek to tap into the rich talent and video data generated off and on the platform to improve decision-making through the talent process beyond the date of hire to career development, advancement, upskilling, and more”, explained Sanjoe Tom Jose, CEO, and Co-founder of Talview. “With this funding, we plan to further innovate our video AI platform by adding major capabilities at transaction and aggregate levels and also build extensions for many of the mainstream remote-work platforms to help our customers gain profound insights into talent, and make informed, data-driven, and unbiased talent decisions.”
The funding caps a strong year for the company, where it tripled its customer base, grew revenue more than twice and launched a remote and live proctoring solution for education and certification institutions. It also entered into key partnerships with SAP and expanded scope of its already strong partnership with Microsoft. By transforming talent hiring and lifelong learning, combined with actionable intelligence, the company’s enterprise-grade hiring and the proctoring solution delivers better talent and learning results for all stakeholders. Ultimately, this enables customers to create a level playing field for candidates and learners who aspire to succeed in their careers.
“The talent lifecycle is increasingly complex and digitized, and we see Talview well positioned to leverage their innovative AI-powered video platform to address the challenges of remote hiring and exam-taking with automation and data intelligence”, said Kishore Bopardikar. “Their customer growth globally and product innovation is a testament to their leading platform and strong leadership. We are excited to continue our partnership with Talview to turbocharge their growth.”
Talview will continue to accelerate and expand their business with enterprise corporations, educational institutions, and certification organizations on a global scale. The company will expand go-to-market efforts across the US, EMEA, and APAC to better support existing and new customers, including Accenture, Allianz, Best Buy, Cognizant, Enel Group, City & Guilds, Cambridge Assessments, and the British Council.
“We’ve been impressed with the level of collaboration and partnership we’ve experienced from Talview for our hiring initiatives”, said Sarah McPherson, Senior D&T Product Manager, Hiring, Onboarding, and Inclusion at Best Buy. “Talview’s approach to video AI provides us with valuable candidate insights to support our talent hiring decisions, selection speed, and development strategies for today and the future.”