US-based recruitment analysis software developer Pymetrics has completed an $8m funding round featuring human resources provider Randstad, online media company AOL and enterprise software provider Workday, VentureBeat has reported.
Venture capital firm Jazz Venture Partners led the round, which included VC firm Khosla Ventures, while the corporates participated through subsidiaries Randstad Innovation Fund, BBG Ventures and Workday Ventures.
Founded in 2013, Pymetrics uses neuroscience games and artificial intelligence to predictively match users with jobs, based on their cognitive and emotional respones rather than academic achievement or experience.
The service is free for jobseekers, while businesses are charged for custom algorithms that will find potential talent through the platform. Pymetrics claims more than 50 companies across the world including Unilever and Accenture are using its platform.
The funding, closed alongside an undisclosed amount of grant funding from The Rockefeller Foundation, will be used to grow the company’s 45-strong team across offices in New York City, San Francisco, London and Singapore.
Randstad Innovation Fund, BBG, Khosla Ventures and Mercer, a consultancy subsidiary of professional services firm Marsh & McLennan Companies, took part in Pymetrics’ $6.1m series A round in August 2016.
Pymetrics had previously received $2.5m in a 2013 seed round led by Khosla Ventures and backed by angel investors including Bob Pittman, Jeff Hammerbacher, Andy Palmer and Terry McGuire.