BarRaiser, which claims to be a “groundbreaking” AI-enhanced smart interviewing platform, has announced that it acquired $4.2 million in seed financing.
The firm’s investment round was “led by 021 Capital and Global Founders Capital, with participation from other angel investors.”
As noted in an update shared with CI, the capital will be used “to expand the company’s geographic presence and enable BarRaiser to scale its engineering and data science teams to meet growing demand for its SaaS and Interview community product (BarRaiser+).”
Avinash Saxena, BarRaiser CEO and former founder of Roposo, a social video app, stated:
“BarRaiser’s mission is to help companies hire exceptional talent faster, while conducting structured and fair interviews. We are working with 250+ leading tech companies and are seeing continuously growing demand across the globe. This financing round will help us expand our reach and make additional investments in technology that helps close the gap between talent and opportunity.”
BarRaiser’s AI-powered platform “schedules candidate interviews around the clock, utilizing a global community of 800+ recognized experts from leading companies.”
As explained in the announcement, recruiters and hiring managers “receive detailed assessment reports and recommendations, while job seekers enjoy a structured, personalized interviewing experience.”
With thousands of interview templates, auto scheduling features, video interviews, debriefs and AI-supported analytics, BarRaiser “is quickly becoming the new gold standard for swift, fair, transparent and efficient interviews, especially among the technology companies.”
Firms may “subscribe to the standalone BarRaiser smart interview platform (SaaS) or add the Interview Expert Community support (BarRaiser+) option.”
BarRaiser Global Score (BGSTM ) – a proprietary data-driven scoring mechanism – “mitigates bias and provides a strong tool for companies focusing on Diversity , Equality and Inclusion (DEI).”
As per 021 Capital founder Sailesh Tulshan:
“BarRaiser is creating an awesome candidate experience with their transparent and structured interview process. Companies can now hire at a significantly faster pace without putting pressure on internal teams. This has also helped them grow tremendously fast, with top brands getting access to the rockstar team of interviewers at BarRaiser.”
Roel Janssen, Partner at Global Founders Capital, added:
“In today’s hyper competitive job market, being able to find the best fit talent can make all the difference in the company’s success. By adding unbiased, data-driven efficiency to the recruiting process, BarRaiser helps growth companies hire people who can innovate, challenge the status quo and contribute to growth.”
As noted in a release, BarRaiser uses “a smart interviewing platform, data-driven analytics, and support from hundreds of experts from leading companies around the world to make the interviewing process smarter and more effective.”
Its proprietary AI generates “a normalized BarRaiser Global Score (BGSTM) – an industry-acclaimed benchmark of candidates’ true potential based on 200+ data points throughout the interview.”