HireLogic Secures $6Million Series A Funding to Bring Conversational Analytics to the Global Talent Acquisition Market
HireLogic an artificial intelligence (AI) enabled hiring interview intelligence solution, announced a $6M series A funding round led by Joseph P. Landy, former Partner and Co-Chief Executive Officer of Warburg Pincus. Existing investors from HireLogic’s seed round also participated, bringing total funding raised to over $10M. This investment will be used to advance the capabilities of HireLogic’s conversational analytics platform, expand go to market activities, and meet the demands of the firm’s growing customer base. HireLogic was founded by recruiting industry veterans, Umesh Ramakrishnan, Nancy Albertini, and Buster Houchins of Kingsley Gate Partners, to help organizations improve the process of evaluating candidates with better data and insights.
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Mr. Landy will join HireLogic’s board of directors, alongside Noam Eisenberg and Anirban Chakrabarti. During his 35-year tenure at Warburg Pincus, Mr. Landy grew the firm’s private equity assets under management to $56 billion and led investment in areas including information technology, Internet applications and infrastructure. Mr. Landy has previously served as a board member of CrowdStrike, Neustar Inc., Covad Communications, and Bausch & Lomb Inc.
“Joe is a proven investor and advisor to emerging companies, has helped numerous technology startups reach their full market potential, and recognizes the massive total addressable market opportunity for a common HR challenge,” said Anirban Chakrabarti, HireLogic CEO. “HireLogic will benefit tremendously from having access to Joe’s guidance and network as we embark on our next phase of growth and go to market activities. I want to thank Nancy, Umesh, and Buster for their enormous support, domain expertise, and customer insights that built the foundation for HireLogic. We are grateful for their guidance that has enabled our AI driven innovation to address the needs of the large global talent acquisition market.”
HireLogic has established a new standard for interviewing candidates and filled a gap in the hiring process. The solution uses conversational analytics and AI to listen to interviews and provide objective candidate insights for better hiring decisions. Simply by inviting HireLogic to listen to any in-person or remote interview, hiring managers or recruiters can go beyond transcriptions and note-taking to understand how much of the job description the conversation covered, detect candidate attributes such as aspirations and leadership experience, and even detect potential question bias for coaching and compliance.
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“I have experienced first-hand how much time and money organizations spend interviewing candidates, the lack of objective data being gathered, and the impact quality of hires has on performance,” said Joe Landy, lead Series A investor and former co-CEO of Warburg Pincus. “We are already seeing the transformational impact that AI and GPT3 is having, and expect to see this affect all sectors including HR. What Gong did for sales intelligence, HireLogic is doing for interview intelligence in a similarly large market, and their customers are already experiencing the benefits. I look forward to working with the HireLogic team to transform interviewing and capture this opportunity.”
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