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Ashby injects recruiting with a dose of AI | TechCrunch

Jun 03, 2024 - techcrunch.com
Benjamin Encz, a former R&D engineer at FX companies Industrial Light & Magic and DreamWorks, co-founded Ashby with Abhik Pramanik, an engineer he met at PlanGrid. Ashby is a platform that consolidates existing talent acquisition tools and uses AI to automate repetitive steps in the recruitment pipeline. The platform can create job listings, source candidates, send calendar invites for interviews, and deliver dashboards with real-time hiring metrics to stakeholders. It also has AI capabilities such as AI-generated filters for candidate search and personalized, AI-generated copy for outreach emails.

Since launching in September 2022, Ashby has grown to over 1,300 brands, including Quora, Ironclad, Vanta, Reddit, and Lemonade, and has seen a 6x increase in revenue. The company recently closed a $30 million Series C funding round, bringing its total raised to $70 million. The funds will be used for further product development and go-to-market investments. Ashby also plans to hire around 50 people by the end of the year, expanding its team based in San Francisco.

Key takeaways:

  • Benjamin Encz and Abhik Pramanik co-founded Ashby, a platform that consolidates existing talent acquisition tools and uses AI to automate repetitive steps in the recruitment pipeline.
  • Ashby's AI capabilities include AI-generated filters for candidate search, personalized outreach emails, and automatic classification of responses from candidates.
  • Since its launch in September 2022, Ashby has grown to over 1,300 brands and its revenue has increased by 6x. The company recently closed a $30 million Series C funding round, bringing its total raised to $70 million.
  • Ashby plans to expand its team by hiring around 50 people by the end of the year.
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