As the labor market gets tighter and wages get higher, recruiters are getting tired—or at least I imagine they are. But luckily for those folks tasked with plugging humans into roles, what can be automated is being funded.
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AllyO, an AI recruiting startup, has announced today a $45M Series B. The startup automates scheduling of interviews and sourcing of talent using conversational AI, and it also has a data dashboard that shows how applicants moved through the hiring funnel.
As a consequence of its latest round of funding, the startup stated in a press release it “expects that more than 15 percent of Americans will find their next job using AllyO in 2020.”
Crunchbase News has covered the recruitment sector a number of times, specifically digging into the implications AI will have on recruiters and the hiring process overall. ZipRecruiter CEO Ian Siegel told Crunchbase News that “the dawn of robot recruiting” is upon us.
However, that doesn’t mean AI will replace recruiters wholesale. Siegel noted that having a real human recruit is still an “intoxicating” tactic, especially for those jobs that require more high-demand skills.
The big question is how these startups will fare in a slackened labor market. But presuming AllyO does capture 15 percent of Americans looking for their next job in 2020, it may not matter.
Illustration: Li-Anne Dias.
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