CEO and co-founder Steven Lu, who previously founded Interseller, emphasizes that Pin's custom AI models are built in-house, allowing for more accurate candidate matching. The funding will be used to expand AI capabilities and introduce features like applicant review. Pin aims to disrupt the $500 billion recruitment market by offering a more efficient solution for companies dissatisfied with current recruitment processes. Its focus on precision matching through proprietary AI models presents a compelling option for high-growth companies seeking to streamline technical hiring.
Key takeaways:
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- Pin, an AI-powered recruitment platform, raised $3 million in seed funding led by Expa Ventures to enhance product development and market expansion.
- The platform claims to reduce time-to-hire by using custom AI models to match candidates precisely to job requirements, achieving a 70% candidate acceptance rate.
- Pin's CEO, Steven Lu, emphasizes the use of proprietary AI models developed in-house, distinguishing it from competitors using off-the-shelf solutions.
- The company plans to expand its AI capabilities and introduce new features, aiming to disrupt the $500 billion recruitment market with its precision matching approach.