RecTech Headlines: Eightfold, Talent Inc, Loophire, Stoke, Charthop & More

Eightfold is at it again. After raising a $125 million dollar round round last they just announced a $220 million dollar series E round. Wow. They are now valued at 2.1 billin dollars.   The funds will be used to continue the growth and development of Eightfold’s AI-powered Talent Intelligence Platform and expand its growing partner ecosystem.   Since the announcement of Eightfold AI’s Series D funding round in October of 2020, the valuation of the organization has more than doubled. This is a direct result of the significant momentum achieved by customers and partners in the public and private sector. The innovation delivered through a single Talent Intelligence Platform is the foundation for leading global organizations as they prepare for the acceleration of changes in jobs, demand of evolving skills demand and other post-pandemic shifts in the workforce.  “Powered by AI and machine learning, Eightfold’s platform provides global enterprises with a single solution for managing the entire talent lifecycle, including hiring, retaining, and growing a diverse global workforce,” said Deep Nishar, Senior Managing Partner at SoftBank Investment Advisers. “We are pleased to partner with Ashutosh and the Eightfold team to support their ambition of transforming how enterprises manage talent and how people build their careers.”   Talent Inc. the company that operates TopResume and TopCV, announced the acquisition of Imkey Holding, a global subscription-based platform for online resume-building. Based in the Netherlands, Imkey helps job seekers create job-winning resumes and CVs online through their builder platform on its global property,, as well as its 10 additional localized sites. Since launching in 2012, Imkey has helped build more than 7 million resumes and CVs in over 100 countries.  “While most job seekers find tremendous success when working one-on-one with a professional resume writer, we also recognize that others may not be ready to make such an investment in their careers,” said Byron Matthews, Chief Executive Officer of Talent, which adds to its suite of professional career-services brands that include TopResume, TopCV, and TopInterview.  “By acquiring a resume-building property such as Imkey’s, we can strategically expand our service offerings to help those job seekers who either are creating a resume for the first time or who aren’t interested in working with a professional writer right now. In addition, Imkey’s extensive international presence will allow our organization to continue expanding its global footprint and empowering more professionals to take control of their careers and land the right job, sooner.”   Loophire a startup out of nebraska has raised $300k seed round. Loophire’s technology solution combines algorithms that automate the initial match before giving each party the choice to pursue one another if the opportunity is right. For employers, Loophire goes beyond resumes to provide candidate assessments for skills, culture, and long-term fit, preliminary screening interviews, and customized services at performance-based pricing.  For job applicants, Loophire provides career coaching, timeline and career growth transparency, and regular communication throughout the hiring process. The result is a high-touch, curated experience for both companies and candidates.   Loophire says they address the critical gap in the hiring process — applicant experience. With more than two-thirds of job applicants reporting they have been turned off by a bad interview experience, companies cannot afford to be disengaged or unresponsive in a competitive jobs market. Loophire increases the probability of hire by 65% from “Introduction” to “Accepted Offer” through their streamlined approach. Because they deliver results at a fraction of the traditional cost, even smaller businesses and the qualified candidates they hire can access a superior hiring experience.— Stoke, which operates in the freelance management system space, announced a $15.5 million Series A funding round. This was led by Battery Ventures, with participation from all previous investors and angels… To date, the company has raised $20 million. The investment allows Stoke to drive expansion and meet the rapidly growing demand from U.S. companies seeking to work more effectively in the changing workforce which includes both freelancers and full-time employees. Stoke was founded with the mission to help companies harness the power of the freelance revolution by simplifying the way they collaborate with the non-payroll workforce, which includes freelancers, contractors, consultants, agencies and gig workers.  Features all-in-one platform that enables companies to hire top talents quickly, set up automated onboarding workflows aligned with government guidelines, pay multiple invoices across 190 countries, all while ensuring management, finance and human resources teams have full visibility and control over budgets, in addition to automatic legal and tax compliance.   ChartHop, the people analytics platform, has raised $35 million in Series B financing led by Andreessen Horowitz (a16z) and other investors. The company previously raised $14 million in summer 2020.  ChartHop has seen exponential growth since 2019, going from a one-person company to a team of 75. During the same time period, ChartHop built a customer base of over 130 corporate customers and increased month-over-month revenue by 17% for the past 12 months. “ChartHop’s visual approach to people analytics allows leaders to make organizational planning and strategy decisions with confidence,” said Ulevitch. “We’re thrilled to lead ChartHop’s Series B because of their impressive growth, the company’s vision, and the terrific, mission-oriented team they’ve assembled.”   Theres a new tech talent platform….Commit announces its emergence from private-beta with an oversubscribed funding round to future-proof the careers of Canada’s best Startup Engineers. This first-of-its-kind professional network is designed to support developers who are passionate about building early-stage software, but who have been constrained by geography.  The platform uniquely provides peer-to-peer support and career development resources, and erases the friction between talent and opportunity by hiring engineers and then matching them with world-changing startups, regardless of location. The launch is fueled by an over-subscribed $6M seed round which was uniquely preempted by Commit’s own customers–the majority of whom are Canadian technical founders. The company already boasts a roster of 50+ high-profile startups that want to work with Commit Engineers. The funds will be used to 10x the number of Engineers on the platform in the next 12 months, and continue to build and invest in the programs that reach and support the best talent in this space. Interested Engineers can join the waitlist at today. The company is based in canada.

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