Egyptian AI recruitment startup Talents Arena has raised a US$750,000 pre-seed round of funding to power its expansion into Saudi Arabia.
Founded in 2019 by Aya Elgebeely, Talents Arena has developed an AI-powered recruitment platform featuring a talents mining engine and automation features. So far it has made more than 180,000 job matches and placed thousands of candidates in suitable tech jobs.
An alumnus of Flat6Labs and Plug and Play accelerator programmes, the startup has just closed a US$750,000 pre-seed funding round, led by UI Investments and featuring several prominent Saudi and regional angel investors.
The funds will be channeled towards Talents Arena’s expansion plans into Saudi Arabia and the GCC region.
“Our talent mining engine leverages advanced algorithms and machine learning models that draw upon hundreds of thousands of human decisions to find hidden gems on the talent market and match them with suitable vacancies. This in return automates and streamlines the hiring process for both employers and job seekers,” said Elgebeely.
“This funding milestone enables us to accelerate the development of our AI hiring engine and expand our footprint in the Saudi market, which already accounts for 25 per cent of our client base. We are excited to bring our cutting-edge technology to businesses across industries in Saudi Arabia and the Middle East, helping hiring managers and recruiters find talents faster with higher accuracy and at a better economical value.”