AI Recruitment Platform HireBound Secures $2 Million in Funding

AI recruitment platform HireBound has successfully raised $2 million during a seed funding round, spearheaded by Kalaari Capital. The funding round also included contributions from Antler, Infinyte Club, and CareerNet. The Bengaluru-based startup intends to utilise the funds to enhance product development, broaden its market operations, and scale on a global level. The target is to achieve a fivefold increase in Annual Recurring Revenue (ARR) within the next 12 to 18 months.

About HireBound

Founded by Sharad Vij and Kumar Vikramaditya, HireBound is focused on creating an AI-driven recruitment platform aimed at automating the entire hiring lifecycle. The company’s advanced AI technology manages critical aspects like sourcing, engagement, screening, evaluations, and candidate recommendations.

Achievements and Capabilities

The firm asserts that it has facilitated over 3 million conversations with candidates and has trained its system using more than 2 million resumes and around 30,000 job openings. Furthermore, it integrates seamlessly with Applicant Tracking Systems (ATS) and Human Resource Management Systems (HRMS), making it a preferred choice among staffing agencies and enterprise talent acquisition teams.

Future Expansion Plans

Currently operating with a team of 15 members, the startup has ambitious plans to expand into international markets within the next 12 to 24 months, ensuring compliance with regional hiring practices and regulations.