X0PA 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 VENTURES, and SASV Investments (X0PA got connected with XCEL NEXT through e27 Connect).
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, X0PA 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.
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X0PA 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 X0PA.
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.”
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Image Credit: X0PA AI
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