AllyO, a Sunnyvale, Calif.-based provider of AI recruiting technology, is emerging from stealth and announcing a $14m round of funding.
The round was led by Bain Capital Ventures with participation from Cervin Ventures, Gradient Ventures (Google’s AI fund), and Randstad Innovation Fund. In conjunction with the funding, Indy Guha, partner at Bain Capital Ventures, is joining AllyO’s board.
The company intends to use the new financing to continue to expand AI capabilities, to more than double its headcount, to further enhance the candidate and hiring team experience, and to strengthen the recruiting automation workflow.
Co-founded by Ankit Somani and Sahil Sahni, AllyO uses technology to build a customizable AI recruiter that utilizes natural language processing and machine learning to automate and self-optimize the end-to-end recruiting workflow.