AllyO, a Mountain View, CA-based provider of an end-to-end AI recruiting solution, raised $45m in Series B funding.
Backers included new investors Sapphire Ventures and Scale Venture Partners and existing investors Gradient Ventures (Google’s AI fund), Randstad Innovation Fund, Bain Capital Ventures and Cervin Ventures. In conjunction with the funding, Jai Das, president of Sapphire Ventures, joined AllyO’s board.
The company intends to use the funds to continue expanding its recruiting solution globally and its AI team.
Co-founded by Sahil Sahni and Ankit Somani, AllyO addresses the traditional inefficiencies of lost applicants and conversions due to poor candidate experience and the high cost of recruiting using conversational AI to enable employers to find more qualified candidates, automate processes and receive actionable insights.
The company’s system, which automates the recruiting workflow by intelligently engaging via texting over mobile and web, is used by several customers from the Fortune 50, as well as Avis Budget Group, The Cheesecake Factory, Pitney Bowes, Brinker International, etc.