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

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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.

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