Impress.ai, which specializes in building an AI-powered chatbot platform targeting recruiters, announced that it has officially closed a seed round of US$1.2 millions with an undisclosed venture capital firm based within the company’s home base, Singapore.
According to the founder “the funds are used for the company’s market expansion plans, product enhancement, as well as creating Mandarin- and Japanese-speaking chatbots”.
“Using virtual recruitment chatbots is one way to overcome the main problem in recruiting funnel, which is the high rate of good candidates dropping out in the early stages. Impress.ai uses deep learning algorithms to make sense of an applicant’s answers and respond in an accurate, realistic way,” said Sudhanshu Ahuja, CEO and co-founder of Impress.ai.
It will help recruiters in their work , Impress.ai discovered a conversational bot that autonomously interviews and shortlists candidates and facilitates 24/7 service as well. The company claims that the process is done more efficiently and quickly.
Currently, Impress.ai is serving top big players like DBS Bank, NTUC Income, and Singtel for recruiting for their current vacancies.
Impress.ai also intends to lead off its Series A round within the next few months to herald additional capital to expand globally.
Impress.Ai raises USD1.2 Million Funding, will expand AI-Powered Chatbots to new markets and languages.