London-based Metaview, an AI-powered interview note-taking platform for recruiters, announced on Thursday that it has secured $7M (approximately €6.4M) in a fresh round of funding round led by Plural.
Coelius Capital and existing investors Vertex Ventures US, Seedcamp, Village Global, as well as, notable angels including Kyle Parrish (Figma VP of Sales), and Barney Hussey-Yeo (Cleo co-founder) also participated.
The UK company will use the funds to accelerate product development and grow the team, including tripling the engineering team over the next 18 months.
Hiring decisions are vital, but the process has stayed the same for decades. Taking notes and writing feedback wastes time, needs more objectivity, and bad hires cost three times the salary.
Metaview is applying AI to transform this and drive efficiency at scale.
Metaview: Automatically writes interview notes for recruiters
Founded in 2018 by former Uber product lead, Siadhal Magos (CEO) and former Palantir engineering lead, Shahriar Tajbakhsh (CTO), Metaview leverages AI to capture conversations throughout the recruitment process to create a single source of truth for hiring teams.
Metaview automates recording, analysis, and objective summary generation, reducing hiring administrative burden and saving teams at least 20 hours per hire.
Metaview says its platform will allow recruiters and hiring managers to focus on quality interactions with candidates and make informed, objective decisions based on data, not just memory.
Siadhal Magos, CEO at Metaview, says, “Hiring is driven by human-to-human conversations, yet before now it’s been impossible to capture and operationalise the data from these crucial interactions. With Metaview, thousands of companies are turning to our AI-native platform to harness this data, save time on busy work, and apply the insights we create to help their teams hire the right candidates. We’re delighted to be partnering with Plural to drive our next phase of growth and help more companies radically enhance their hiring workflows and decisions.”
Metaview has fine-tuned Large Language Models (LLMs) to gather insights from within hiring conversations. This data is then integrated into existing workflows, streamlining hiring processes, and helping teams make better decisions.
Over the past year, Metaview’s customer base has grown 2000 per cent within an AI HR tools market, which is expected to grow to $6.18bn in 2024.
Currently, the company works with leading brands such as Brex, Quora, Pleo, and Improbable with their global hiring practices.
Shahriar Tajbakhsh, CTO at Metaview, says, “I’m ecstatic to team up with Plural as we continue to reimagine the recruiting ontology from first principles. By placing conversations at the nucleus of our platform, we’re leveraging state-of-the-art AI to operationalise the latent context within these interactions. This enables us to build AI agents that augment and automate hiring workflows in ways previously unimaginable.”
The investor
Plural is an early-stage investment fund that backs the most ambitious founders on a mission to change the world through technology. The VC’s mission is to have a GDP-level impact on Europe, address systemic risks, and reduce the opportunity gap worldwide through the companies it backs.
Khaled Helioui, Partner at Plural, says, “Hiring decisions are critical to the success of any business, but for decades this crucial step has been ignored by technology. Siadhal and Shahriar, having honed their skills at Uber and Palantir, notorious for setting new standards of excellence in terms of recruiting, are uniquely positioned to change this dynamic. Metaview is making recruitment decisions better, faster, and more objective. In doing so, it’s creating improved outcomes and contributing to more equitable workplaces by removing some of the pervasive biases that clog most hiring processes.”
Read the orginal article: https://siliconcanals.com/news/startups/london-based-metaview-bags-6-4m/
