myInterview, an Israeli startup that offers smart video interviewing software for firms to use in the recruitment of new employees, raised $11 million in a Series A funding round led by the company’s existing investors Aleph and Entrée Capital and new investor Jesselson Capital, and included participation from SeedIL Ventures, Digital Horizon and Ocean Azul Partners.
Using videos for recruitment makes sense now more than ever after the whole Covid shutdown. But it made sense even before that too. As the world goes global and new technologies allow for people to work for a company located on the other side of the world in a place they will never visit, remote video interviewing is essential.
And as myInterview says, their platform already helps over ten thousand companies connect with candidates in a “more personalized way by leveraging smart video capabilities to create a more human-centric candidate experience.”
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Founded in 2016, myInterview says that it rethinks the recruitment process to make it more authentic and efficient, reducing time to hire by 70% and helping companies choose the best candidate. myInterview uses asynchronous video and AI to encourage candidates to express their true selves and lets hiring managers identify the best hire with a focus on user experience.
The platform enables team collaboration, boasts the company, workflow management and seamless integrations into major HR technology stacks (ATS), making myInterview a “no-brainer” solution for 10,000+ companies. Over 7,000,000 candidates have already created videos with myInterview for clients such as Ocado, Facebook, Six Flags and Chick-fil-A.
“We are seeing radical change in the market when it comes to a new generation of employees and their relationship to work. With unprecedented attrition rates, now more than ever organizations need to be pushing the bar when it comes to candidate engagement,” explained Benjamin Gillman, co-founder of myInterview. “We have experienced tremendous momentum over the past two years and this new funding will further help us to tackle the unprecedented labor shortages we’re seeing by better sourcing and engaging candidates through a much more personalized approach.”
“myInterview is well placed to help its customers further optimize their talent acquisition by doubling down on a more human-centric candidate experience,” said Michael Eisenberg, Partner at Aleph.
“We are seeing drastic changes in the market when it comes to talent acquisition, especially with frontline staff, and we believe myInterview is uniquely positioned to tackle and disrupt this market,” said Avi Eyal, Managing Partner at Entrée Capital.