ENGAGE Talent has raised $3.5 million to accelerate the innovation and scaling of its groundbreaking AI Talent Intelligence technology that powers both the recruitment and retention of key talent.
High Alpha Capital and Grand Ventures led the raise, with participation from other existing investors, new strategic investor Engage venture fund, and Silicon Valley Bank. The funds come from a mix of equity and debt. With this recent raise, the total investment in the company has reached $10 Million.
“We’re thrilled to support ENGAGE Talent’s continued growth and innovation,” High Alpha partner Eric Tobias said. “Employers everywhere know that their ability to recruit and retain talent in today’s extraordinarily competitive labor market directly impacts their ability to be successful as businesses.”
“The ENGAGE Talent recruitment and engagement engine gives customers a tremendous advantage in that effort,” added Grand Ventures partner Tim Streit. “Given what the ENGAGE team has achieved to date, we’re excited to see the coming product innovations that will provide even more value to customers.”
ENGAGE Talent listens to more than 30,000 data sources and processes more than a billion data points monthly to map and predict people movement–empowering it to provide unrivaled talent acquisition and retention insights and recommendations. Customers like Allstate, Dell, Transamerica, and Harris Healthcare experience quantifiable improvements, such as 200 to 700 percent increases in candidate engagement rates.
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“Talent data and analytics have become essential competitive differentiators, and will only become more important and valuable over time,” ENGAGE Talent CEO Joseph Hanna said. “They are the lifeblood of the modern talent management organization–one that is able to link talent efforts to business outcomes. We’re committed to providing our customers with the absolute best and most useful talent data, analytics and actionable insights to drive the outstanding recruiting and retention results that they need to thrive.”
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