Brazilian Startup Using AI To Tackle Recruitment Bias Aims For US Market

  • 📰 Forbes
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Jobecam has attracted former Brazil Central Bank chief Armínio Fraga in a new round and wants to help U.S. firms reduce recruitment costs, attract talent and have more diverse hires.

The firm claims to shorten hiring processes by around 80% and boost diversity in recruitment by 70%, having facilitated over 200,000 interviews with candidates from under-represented groups in Brazil alone since its inception. The goal is to increase the number to 1 million in a year.

According to Yochabell, the initial aim in the US is to drive the adoption of the tool for university student admissions. The company already has a US client, and hopes the business will self-sustain in the short term. However, the startup is structuring a bridge round of around $2 million in the US and is already in talks with investors.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

But isn’t Brazil now in bed with Russia, Iran and China (BRIC)?

They should look at who is using AI for years with great results.

Yeah, HR needs to know if they're evaluating someone with purple hair earlier in the process.

I bet someone in a nato ran country wil say its cheating

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in BUSİNESS

Business Business Latest News, Business Business Headlines