To scale SaaS recruitment solutions, X0PA AI raised US $4.2 M Series A funding
ICCP SBI Venture Partners (ISVP), a joint venture between ICCP Venture Partners and SBI Holdings, has led a US $4.2 million Series A fundraising round for X0PA AI, a Singapore-based AI-powered recruiting solutions firm.
The money will be used to grow into Asia, the United States, Latin America, and Europe, according to the company. The funding will also be used to improve and innovate its products.
Organizations are striving to enhance diversity in their workforce and minimize bias while reducing the time and expense of hiring the top individuals now more than ever. X0PA is a SaaS company that uses Machine Learning and Robotic Process Automation to assist with talent acquisition, recruiting, and assessment. It provides a set of AI-powered solutions built on Microsoft Azure with the goal of reducing human recruiting and selection procedures while also increasing inclusivity.
“Recruitment and selections can have significant bias, inequity, and inefficiencies. We are looking to change the game inequitable hiring and selections by reducing unconscious bias and subjectivity, leading to more diverse workplaces and better selection outcomes,” said Nina Alag Suri, Founder, and CEO of X0PA.
Said Tan Kaixin, GM of SEEDS Capital, said, “Equitable and inclusive hiring practices are emerging priorities for organisations worldwide as they look to increase diversity in teams. Through advanced analytics and artificial intelligence, X0PA’s solutions enable an objective and seamless hiring process, which has the potential to transform and uplift HR practices.”
X0PA claims that their intelligent hiring solutions are built to maximize impartiality in talent selection while also leveraging automation to enable applicants and employers to achieve the fairest and desirable recruiting results.
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