What Will Our Powerful “Series A” Funding Round Mean For Our Clients and Recruiting Solutions?
October 5, 2022
We were one of the first tech companies in the region to revolutionize and drive real change in the HR industry through our robust AI recruiting solutions. Now, almost four years later, we’re continuing to deliver on our promise. Today, we’re extremely happy to share that we just closed a $10.5 million Series A funding round!
This funding round was co-led by Global Ventures, Wa’ed Ventures, and otf Jasoor Ventures – to accelerate the business expansion of our AI recruiting solutions.
Our Series A funding round caps off a year of incredible growth for us at Elevatus. For the past few years, we’ve achieved a series of milestones and grew our virtual trophy case with one badge of appreciation after the other. We’ve also helped over 150 leading enterprises, brands, and companies across the world streamline the hiring process completely. Not only that, but we also grew our powerhouse team 3X in size – and still counting. We even entered new markets such as the USA, developed key partnerships with global companies such as RE/MAX, and integrated with world-class technology providers like SAP, Oracle, DocuSign, Slack, Zoom, and more.
So what does this fruitful capital injection mean for our clients?
With this new investment to strive to fuel our product development, enter new markets, invest in product innovation, and propel the release of more advanced AI solutions. All of these initiatives will help our clients accelerate the process of recruiting skillful workforces, centralizing core HR functions, automating hiring workflows, and recruiting top talent in a fraction of the time. Here are some words from our CEO, Yara Burgan: “Our team of high-caliber talent is shaping the future of HR. From day one, we were confident that Elevatus would exponentially succeed and reach even bigger heights. We took great strides in identifying client needs and adapting to the marketplace. Elevatus is meeting those needs head on; through our best-of-breed AI solutions that offer the right level of scalability, innovation, and agility – to help us accommodate and grow.”
A little bit more about our recruiting solutions
Elevatus packs everything a holistic hiring process needs through its two core recruiting solutions. EVA-REC helps enterprise companies streamline HR functions such as: creating requisitions, automating workflows, filtering resumes, shortlisting candidates, streamlining approvals, sending offers, and onboarding new hires before day one. Today, EVA-REC is at the forefront and has reached an advanced level of scope and maturity to compete with top worldwide contenders such as SAP and Oracle’s recruiting solutions. Following suit is EVA-SSESS; a secure and unbiased video interviewing software that helps companies identify, hire, and develop top talent fast through AI-powered video assessments. What makes EVA-SSESS unique is its AI-matching algorithm which is highly intuitive, comprehensive, and currently unmatched in the world. Today, this core and novel AI algorithm is being offered as an open API, to enable organizations to further enhance and advance their existing systems and innovatively accelerate their hiring.
Keeping it short
This funding round is a testament to the hard work, passion, and perseverance of the Elevatus team. But our work has only just begun. We are growing fast – and we’re always on the lookout for exceptional talent to join our world-class team. Come and grow with us! Check out our list of vacancies here! With that being said, we’d like to extend a big thank you to our clients, partners, and team – you've all played a pivotal role in our growth and success!
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A wordsmith, storyteller, and content strategist – Tima is an MBA graduate with 6+ years of experience in the world of HR. With over 2,000 blogs under her belt, Tima's expertise and insights have helped businesses across the globe take their recruitment to the next level and stay ahead of the curve.
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