Kerala-based HRtech and AI startup Hyreo announced the closing of its Pre-Series A funding from investors led by Callapina Capital with participation from Anas Rahman Junaid, Konglo Ventures, Raveendranath Kamath, Nat Natraj and other investors from Silicon Valley. The amount was not disclosed.
Hyreo seeks to simplify the recruitment process and improve candidate experience using AI. The startup offers a customised candidate relationship management (CRM) tool with deep conversational AI capabilities, to enterprises and large customers across technology, IT, banking and financial services domains.
Arun Satyan, Co-founder and CEO, Hyreo said, “This round will push us to the next stage of growth. We have, since our inception, built a highly capable and relevant product, which has a global appeal. It is time for Hyreo to start looking at larger international markets including the US and other APAC regions. With the conclusion of this funding round and onboarding marquee investors, we are setting out to achieve our Hyreo 2.0 vision in the next few months.”
The company will use the proceeds to fuel its international expansion as well as beefing up its product development teams.