MONA AI, a fast-growing German AI-driven recruitment automation startup and spinout from Saarland University, has raised €2 million in seed funding in a round led by European VC Earlybird-X. This fresh infusion of capital positions MONA AI to further advance its product development, enhance market traction and expand its team to meet the evolving needs of the European staffing industry.
Since its foundation in 2022, MONA AI’s growth trajectory has been bolstered by strategic collaborations with industry leaders Compleet, Index Anzeigendaten, and QuantPi. These alliances aim to strengthen MONA’s footprint in the DACH region and key European markets, including France, the UK, the Netherlands, and Italy. The partnership with QuantPi, in particular, emphasizes MONA AI’s dedication to ensuring compliance with the stringent requirements of the EU AI Act, reinforcing its commitment to responsible AI practices and data security.
CEO Felix Adam commented on the funding milestone: “This funding reflects the hard work of our team at MONA AI over the past year and a half. As new players in the industry, our partners and clients have been instrumental in helping us achieve rapid recognition and scale. We are committed to supporting the staffing industry with the most advanced and responsible AI solutions worldwide.”
Dr. Johannes Triebs, Partner at Earlybird-X, shared his perspective on the company’s impact, noting: “What’s truly outstanding about MONA AI is not just its rapid growth but its unwavering focus on data security, compliance, and responsible AI development. In a market where many companies are simply trying to keep pace, MONA AI is setting a foundation that addresses ethical implications while delivering cutting-edge technology. This forward-thinking approach is precisely why we believe MONA AI will outpace competitors in the HR automation space.”
Ralf Zastrau, Director of Entrepreneurship at Saarland University and CEO of Triathlon, echoed this sentiment, praising MONA AI’s commitment to ethical AI in a high-stakes industry: “MONA AI exemplifies the innovative spirit that we cultivate at Saarland University. Their dedication to responsible AI development and regulatory compliance is a testament to their leadership and vision. It’s inspiring to see a startup that not only pushes technological boundaries but also sets a high standard for ethical practices in AI.”
Read the orginal article: https://www.eu-startups.com/2024/11/saarbrucken-based-mona-ai-secures-e2-million-aiming-to-revolutionise-recruitment-with-ai/
