Brainstorm AI Spotlight, Part 1 of 6: Recruiting

Consider this, whether it be the telephone, fax machine, internet, mobile (you get the idea), major tech shifts tend to completely upended how the world connects people to jobs. Enter artificial intelligence (AI), a game-changer that promises to revolutionize how we do this once again. Last week, we introduced you to Brainstorm AI - a free online dataset that lets you filter and explore the ever-expanding list of cutting-edge AI solutions. Over the next 6 weeks, we will be doing a spotlight series focusing on different companies listed in Brainstorm AI, where we'll highlight something of interest from the dataset whether it be a solution highlights or other trends we've observed using the information from Brainstorm AI. This week, we're kicking off the series with a focus on recruiting. Right now is a good time for organizations to evaluate and optimize their recruitment tech stack. Below, I've highlighted 18 solutions that are either built specifically for recruitment or could have a substantial impact on how recruitment is done. Selecting only 18 solutions from this dataset of 600+ was not easy, but I doing my best to offer a bit-sized morsel from the Brainstorm AI dataset. Have a gander at the list below:

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GPT infused CRM/ATSs:

Providers who have been early to add generative AI solutions into their existing ATS / Recruitment CRM solutions:

◻ Fountain: 23M in funding, founded 2014: Labor ATS for high volume hiring, introduced Fountain AI: a conversational artificial intelligence feature that accelerates the hiring funnel and helps hiring managers get candidates to their first day of work faster. Fountain AI enables recruiters to screen and qualify applicants more efficiently and automates processes that hiring managers typically perform manually.

◻ Beamery: 223M in funding, founded 2014: Beamery's TalentGPT will offer a single assistant that leverages both Beamery’s proprietary AI, as well as OpenAI’s GPT-4 and other leading Large Language Models (LLMs).

◻ Phenom: 160M in funding, founded 2011: A talent experience management platform that uses AI to personalize the candidate journey.

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Talent Intelligence:

These providers were originally founded with a focus on AI and skills profiling/matching:

◻ EightFold: 222M in funding, founded 2018: A talent intelligence platform that uses AI to identify and match the best candidates with the right job opportunities.

◻ SeekOut: 188M in funding, founded 2016: A talent search engine that uses AI to help recruiters find the best passive candidates.

◻ Skyhive: 48M in funding, founded 2017: A skills-based talent marketplace that uses AI to assess and match candidates to job opportunities.

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Conversational chatbot:

In addition to other capabilities offered by these providers, they are listed below because they offer offer conversational chatbots that facilitate a good candidate experience. These chatbots are built using a pre-programmed set of rules with tested and expected outcomes, as opposed to generative where the AI, which, while able to generate responses to more complex scenarios, has the potential to generate nonsensical or inappropriate responses.

◻ HireVue: 93M in funding, founded in 2004: A video interviewing and assessment platform that uses AI-powered chatbots to engage with candidates.

◻ Paradox: 253M in funding, founded in 2016: An AI-powered chatbot platform that automates recruitment tasks, such as scheduling interviews and answering candidate questions.

◻ iCims: 92M in funding, founded in 2000: A recruiting platform that uses AI-powered chatbots to engage with candidates.

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Interview auto-transcription and summarization:

These solutions will transcribe your interviews and summarize them automatically, saving time and helping to reducing bias:

◻ Aspect: Founded in 2021: An AI-powered video interviewing platform that automatically transcribes and summarizes interviews.

◻ MetaView: 6M in funding, founded in 2020: A video interviewing and assessment platform that uses AI to analyze candidate responses and provide insights to recruiters.

◻ Brighthire: 36M in funding, founded in 2019: A video interviewing platform that uses AI to transcribe and summarize interviews and insight on company and interviewer performance.

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Bias elimination / copy editing:

These solutions will help you write and interact without bias in your job advertisements and other interactions with candidates and managers throughout the recruitment cycle:

◻ Textio: 42M in funding, founded in 2014: A writing platform that uses AI to eliminate bias and improve the language and tone of job descriptions and other written content.

◻ Hally.ai: Founded 2022: A writing platform that uses AI to provide suggestions for inclusive language and reduce bias in job descriptions and other written content.

◻ Clovers: 15M in funding, founded in 2020: A writing platform that uses AI to improve the language and tone of job descriptions and other written content.

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Research, ideas, copy:

These solutions are not specific to AI but can handle complex scenarios using generative AI to help facilitate research, write copy, identify sourcing strategies, and help spitball in general on anything. These tool are generative AI based and are known to hallucinate. The information they produce should be validated.

◻ ChatGPT by OpenAI: 1.01B in funding, founded in 2015: An AI-powered language model that generates human-like text and can be used for research, copywriting, and other language-related tasks.

◻ Bing by Microsoft: Relaunched in 2023: A search engine recently revamped with a generative chat based interface available when using MS Edge. The chat is supplemented with relevant sourced links.

◻ Upword: 2M in funding, founded 2021: AI-powered research tool for individuals and teams. Capture the key ideas. Create summary docs. Grow your knowledge.

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Tune in next week for highlights for marketing and creatives. These tools will also be very relevant for those focused on the marketing side of recruiting.

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Other posts in this series:

Introducing Brainstorm AI

Part 1: Spotlight Recruiting

Part 2: Spotlight Advertising

Part 3: Spotlight Customer Experience

Part 4: Spotlight Entertainment

Part 5: Spotlight Investors

Part 6: Spotlight Geography

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