Artificial intelligence recruitment platform startup Metaview Labs Inc. has snagged $35 million in funding from investors including Google Ventures, building on a $7 million Series A investment that was closed one year earlier.
Plural, Vertex Ventures, Seedcamp, Coelius Capita, True Equity and angel investors such as Victor Riparbelli and Barney Hussey-Yeo also participated in the round, Metaview said.
The startup, which was co-founded by former Uber Technologies Inc. and Palantir Inc. executives, said in today’s announcement it wants to transform the way enterprises recruit staff by using AI to automate much of the heavy lifting involved.
To do this, Metaview offers tools that help to streamline notetaking, create job descriptions and optimize hiring workflows. Its main tool is an AI-powered notetaking application that’s used by recruiters to automatically record, analyze and summarize candidate interviews.
But that’s just the start. It’s also developing a Reports tool that will help to optimize companies’ hiring funnels and an AI Assistant that will instantly respond to any question hiring managers have about a particular candidate, or the details of a specific position.
Another tool in the pipeline is AI Job Posts, which will be able to generate and update job descriptions, so hiring managers can quickly launch a new talent search whenever a position comes available.
Metaview says its platform integrates with traditional recruitment platforms that offer applicant tracking systems, and its underlying AI models have been fine-tuned to understand the context of recruiting conversations. As a result of this training, the startup says, it can generate much more accurate summaries than general purpose AI tools.
It has convinced quite a few major enterprises of the advantages it provides, listing clients such as Sony Corp., ElevenLabs Inc., Deliveroo and Brex Inc. It says it can save these customers up to 30 minutes following every interview that would be spent on going through the notes, and around two hours of administrative work in total for every job filled.
In an interview with Fortune, Metaview Chief Executive Siadhal Magos said he spent much of his time at Uber on interviewing job candidates, and has firsthand experience of how the process becomes “subjective and fragmented” because of a lack of clear data. He said this made him realize that even the biggest companies in the world are making key hiring decisions based on instincts.
“You just saw this massive delta between the folks that really knew how to run these and what to look for in great candidates and the people that didn’t,” he said. “Some people were just so data-driven in the facets they were sharing about the candidate, and other people were just completely going by gut.”
Although today’s funding round is a strong validation of Metaview’s technology, the company also faces scrutiny by critics who argue that AI shouldn’t have a role in hiring decisions. Those critics include the European Union, which labels human resources-focused AI applications as “high risk” in its AI Act, due to concerns over their fairness and transparency.
Magos told Fortune that Metaview is not trying to make job hiring decisions on behalf of enterprises, but rather just automate the manual admin work, such as writing job posts and taking notes during interviews.
“Where we draw the line at the moment is that we leave the human-to-human interaction to humans,” he said. “But some of the work associated with spending a ton of time sort of scrolling through LinkedIn to find these candidates is something we’re working on.”
Google Ventures Partner Vidu Shanmugarajah has been convinced of Metaview’s merits, and he told Fortune that the administrative work in job hiring workflows is an area that’s ripe for AI disruption.
“You need to spend a lot of time in and around hiring workflows… and you also need to be able to build with a real understanding of who the users are and how their hiring workflows have been developed over time,” Shanmugarajah said.
Image: Metaview
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