Filtered.ai has raised $7 million to accelerate its technical hiring service, TechCrunch reports.
The company, based in Boston, was founded by CEO Paul Bilodeau in 2016. At the time, Bilodeau was working on the startup as part of an internal project at the consultancy he worked at.
Filtered.ai eventually split from the consultancy in 2019 and Bilodeau signed a term sheet to raise funding in March 2020.
According to TechCrunch, Filtered.ai raised funding on a drip basis throughout 2020 and closed its round in Q4.
The timing, the publication adds, was somewhat fortuitous for its backers Silicon Valley Data Capital and the AI Fund, as Bilodeau said during an interview that it was the business’ best quarter to date.
Filtered.ai claims to have Facebook and Lyft among its roster of clients. The company provides skills-based take-home tests that use AI to detect fraud and claims its product will allow businesses to get to the point of making offers to candidates more quickly.
This deal comes amid a flurry of activity in the HR tech market, once again proving that venture capital investors are eyeing up and actively investing in the HR tech market.
Whether this trend has been accelerated by the pandemic remains to be seen but it goes without saying that organizations everywhere are likely re-assessing the HR tech stack they flew into the crisis with to ensure the technology works for the business and all employees.