KSA’s Elevatus raised $10.5 million in Series A co-led by Global Ventures and Wa’ed Ventures, the venture capital arm of Saudi Aramco where additional investor otf Jasoor Ventures also participated.
Elevatus’ next-generation AI technology aims to automate the entire hiring process. This enables companies to centralise core recruitment functions in one place, tackle their biggest hiring challenges, and recruit dependable top talent in less time. With this capital infusion, the HR technology provider hopes to accelerate its business growth and increase its market share. It also intends to expand its reach by entering new markets, investing in product innovation, and accelerating the advancement of HR technology.
