XOPA AI, an AI-powered hiring solutions company in Singapore, has secured US$4.2 million in Series A funding, led by ICCP SBI Venture Partners (ISVP), a partnership between ICCP Venture Partners and SBI Holdings.
Co-investors of this round are SEEDS Capital, AI8 Ventures, Xcel Next Vent, and SASV Investments.
The startup plans to use the capital to expand into Asia, the US, Latin America, and Europe. The funds will also support its product enhancements and innovation.
Now more than ever, organisations are looking to increase diversity in their workplaces and reduce bias while lowering the time and cost to hire the best talent. A SaaS firm, XOPA helps in talent acquisition, hiring, assessment, using Machine Learning and Robotic Process Automation. It offers a range of AI-powered products, developed on Microsoft Azure, aiming to reduce manual recruitment and selection processes, increase inclusion, and solve people sourcing problems for enterprises, academia and government.
Also Read: These Artificial Intelligence startups are proving to be industry game-changers
XOPA claims its intelligent hiring solutions are designed to maximise objectivity in talent selection and leverage automation to empower candidates and employers to get the most equitable and desirable hiring outcomes.
“Recruitment and selections can have significant bias, inequity and inefficiencies. We are looking to change the game in equitable hiring and selections by reducing unconscious bias and subjectivity, leading to more diverse workplaces and better selection outcomes,” said Nina Alag Suri, Founder and CEO of XOPA AI AI.
Said Tan Kaixin, GM of SEEDS Capital, said, “Equitable and inclusive hiring practices are emerging priorities for organisations worldwide as they look to increase diversity in teams. Through advanced analytics and artificial intelligence, X0PA’s solutions enable an objective and seamless hiring process, which has the potential to transform and uplift HR practices.”
—
Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.
Image Credit: XOPA AI
The post XOPA AI bags US$4.2M Series A to scale its SaaS recruitment solutions appeared first on e27.