KSA’s Elevatus raised $10.5 million in Series A co-led by Global Ventures and Wa’ed Ventures

September 22, 2022

, By Team SNFYI

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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.

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KSA’s Elevatus raised $10.5 million in Series A co-led by Global Ventures and Wa’ed Ventures

September 22, 2022

, By Team SNFYI

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.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Nykaa founder Falguni Nayar is now India’s richest self-made woman

Next News

Delhi HC has refused to vacate the trial court’s order in the Huawei India case

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