Babblebots.ai, a first-of-its-kind interview platform powered by GPT-3 and Speech AI, has come out of stealth after a year of development and testing with early design partners. Battlebots' raised an undisclosed amount in pre-seed round by Rakesh Mathur (Founder/Chairman Gupshup, and Founder Junglee acq. by Amazon), and Rishi Deshpande (Founder/CTO of Chalo, acq. by Booking) and a few HNIs. The company plans to raise a seed round to continue investing in a product-led-growth model and further develop the AI/ML capabilities to deepen its technical differentiation.
Founded in 2022 by Roli Gupta and a team of IIT Bombay Computer Science graduates, Babblebots.ai is revolutionising the recruitment and talent acquisition industry with its AI-Recruiters. Under the hood, Babblebots uses state-of-the-art voice technology, and conversational intelligence using proprietary AI algorithms and GPT-3 (the technology behind ChatGPT), to interview and assess candidates for both technical and non-technical roles. The AI-Recruiters conduct near human-like interviews using Long Form Conversation voice-bots in 20+ languages and are fully customizable for job roles, questions and company branding. This reduces hours spent in scheduling, and the number of interview rounds, thus increasing the speed of hiring.
Companies traditionally conduct 3-5 interview rounds to find the ideal candidate, and report spending more than 50% of their recruiting team’s time conducting screening interviews. This is a worldwide problem, and Babblebots is eyeing the $500B recruitment market globally.
Since its beta-launch in Q3 2022, the company’s AI-Recruiters have conducted thousands of interviews for trial partners and customers. These include enterprises like Mahindra Holidays (travel), LG Soft (electronics), Great Learning (Ed-tech), Paramount TPA (insurance), public institutes like IIT Bombay, and fast-growing startups like SustLabs and Oorjan. Data from these deployments show a 10x decrease in end-to-end hiring times, from 30 days down to as few as 3, and a 500% increase in the offer-to-interview ratio from ‘1-in-10’ to ‘1-in-2’. Meanwhile, job applicants have appreciated the flexibility of talking to AI-Recruiters anytime they want, without needing to schedule an interview. Additionally, one can try out an AI-Recruiter interview on the website to understand the conversational capabilities.
Babblebots’ AI-Recruiters can evaluate communication skills (e.g. English-speaking skill, energy level) using proprietary deep-learning AI models. They can also evaluate technical skills and domain-knowledge, by processing long-form conversation itself, thus going beyond traditional multiple-choice and coding challenges. A single, convenient, 15-minute interaction results in this comprehensive assessment, as well as information about candidate preferences, such as location, compensation expectations etc. Talent acquisition teams can listen to recorded conversations, and view assessment reports and transcripts at their convenience.
In a statement about the launch and funding, Roli, Founder, Babblebots.ai said, “The technology stack of the world is finally getting an AI shot-in-the-arm with GPT-3 and other generative AI models. We will see hundreds of AI applications power end-user applications which will make human-machine interactions delightful, like we are doing with our AI-Recruiters”
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