Indian HRtech and AI start-up Hyreo, recently, said it has escalated USD 1 million in a funding round which would be used to enhance its international business.
The Pre-series A funding round was led by Callapina Capital and saw participation from Anas Rahman Junaid, Konglo Ventures, Raveendranath Kamath, Nat Natraj, and other investors from Silicon Valley.
The firm will use the takings to fuel its international enlargement as well as grumbling up its product expansion teams.
Co-founded by Arun Satyan, Mahesh Raju, and Sreenath N in 2017, Hyreo seeks to streamline the enrolment procedure and advance candidate experience using AI.
Arun Satyan, Co-founder & 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 that 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.”
Headquartered in Trivandrum, Kerala, Hyreo comprises a 25 member team. The firm presumes to raise its headcount by 100 percent in the next year. The company presently caters to more than 40 clients across India, the US, and South Asia.
Going accelerative, Hyreo purposes to enlarge its provision assistances to offer extra proficiencies around sourcing automation, effective talent communities and talent marketing tools.