HR-Tech Startup Hirex.ai Raises Seed Fund from SucSEED Indovation Fund and CiE IIIT-Hyderabad

Hirex.ai Co-founders

SucSEED backs an AI powered online assessment and interview platform, Hirex.ai

hirex.ai, has secured Early Capital from SucSEED Indovation Fund and CiE IIIT-Hyderabad as part of its Seed round.

With the motto of “Accelerating talent assessments with Voice AI and automation”, hirex.ai aims to build a talent assessment platform for Millennials and Gen Z job seekers who are increasingly using Voice AI solutions for every day communication needs. Hirex.ai provides a no code Voice AI platform to conduct and score level one interviews at scale autonomously.

Unlike current assessment platforms, hirex.ai allows —

1. Talent Acquisition Groups (TAG) to conduct and score technical interviews without any human intervention.
2. TAG teams can conduct level one interviews to every candidate that applies for a job within 24 hrs.
3. Job seekers can take these interviews at a time convenient to them without any interview scheduling.

Ugendreshwar Kudupudi, the Co-Founder and CEO of hirex.ai said, “Traditional resume screening using keyword searching ignores a large talent pool as qualified job seekers don't update their resume with all the necessary keywords and buzzwords. By using Voice based BOT’s these job seekers can be autonomously interviewed and scored on the skill sets the company is looking for and move them to next rounds such as coding or personal interview automatically by the bot. Job seekers can use their natural voice while answering to the bot allowing them to have realistic conversation while giving the interview.”

He further added that “The seed funding we raised from SucSEED Indovation Fund and CiE IIIT-Hyderabad will help us expand our sales ef orts to reach more customers and improve the Voice AI capabilities of the platform to suite talent assessment requirements across multiple verticals in India”.

Speaking on why they have invested Vikrant Varshney Co-Founder & Managing Partner of SucSEED Indovation Fund, said, “As per a report by Fortune Business Insights, the market size of HR Tech was USD 22.89 billion in 2020. It is projected to grow from $ 24.04 Bn in 2021 to $ 35.68 Bn in 2028 at a CAGR of 5.8% in the forecast period. Online recruitment has become a new norm as it automates Level 1 interviews for hiring and technology can dif erentiate in the new-age hybrid work culture. Hirex.ai is an AI powered online assessment and interview platform which helps recruiters conduct Level 1 (preliminary) screening of candidates without any human intervention.”

SucSEED Indovation Fund (SIF) is an AIF Cat-1 Venture Capital Angel Fund with ₹100 crore corpus and has grown out of SucSEED Angel Network (SAN) and IIITH Tech Ventures, an early-stage tech seed initiative with IIIT Hyderabad Foundation. General Partners of the Indovation Fund have 100+ years of cumulative experience within technology, fund management, and start-up ecosystem and have already invested in 60+ startups. SIF attempts to support Indian Innovation for mass needs in the following Six (6) sectors - EdTech, FinTech, Health-tech, Security & RegTech, Enterprise & MSME SaAS and Digital Economy & Emerging Tech.

About hirex.ai – 

hirex.ai is a no-code Voice AI platform to build voice-based bots that conduct and score level one technical interviews at scale. You could practically conduct 1000+ interviews in a single day without any human intervention.

hirex.ai believes solution and not features solve customer problems and hence have a comprehensive set of AI enabled tools such as,

• MCQ and Coding Interviews using AI proctoring and proxy candidate detection ● WhatsApp Chatbots for candidate engagement
• Resume parsing, indexing and search
• Interview reminder via bot-based phone calls
• Integrated to email providers like Outlook and Gmail
• Chrome plugin support for Job-boards and LinkedIn resume parsing
• RESTful API for HCM and HMS integration
• Agile ATS with automation support
• Staffing Vendor Management and many more
• Giving you a complete AI-enabled recruitment suite under a single dashboard.

Problem(s) that hirex.ai is addressing:

1. 70% of the job-seekers who apply for a job don't get interviewed and are ignored without proper screening.
2. Keyword based search dont give desired results if the resumes are not updated properly 3. Talent Acquisition Groups (TAG) don't have enough resources to conduct level one interviews at scale and hence use keywords based search as a selection criteria, which is ineffective.

Solution:

• Using Voice AI, TAG teams can now build Voice based bots and deploy them at scale based on requirements. Every job seeker in the funnel can give an interview with the Voice BOT within 24 hours of applying for a job without scheduling.
• TAG teams also get individual interview scores automatically done by the BOT and move them to appropriate rounds for follow-on interviews using our inbuilt ATS automatically.
• hirex.ai also provides coding, MCQ, assignments and remote interviews support in a single platform allowing TAG teams to have the 360 degree assessment and feedback of each candidate in one place.
• Job seekers are continuously updated using WhatsApp or email about their application status whenever they apply for a job and attend interviews on the platform without human intervention.

Founder’s Details –

Ugendreshwar Kudupudi (Co-founder & CEO) is a serial entrepreneur with over 20+ years of experience in pan-asia sales, technical marketing and product development. Worked in various startups and MNCs with over USD 100 million in sales revenue, generated from various semiconductor and critical networking solutions for OEM customers across Asia.

Sayyad Nayyaroddeen (Co-founder & CTO) is a IIIT-Hyderabad alum and worked in various startups in the FinTech and WorkTech domains. Has also filed for a patent in 2020 titled “A SYSTEM AND METHOD OF VOICE BASED INTERVIEW EVALUATION".

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