Elevatus, a Saudi-based video interviewing and recruitment software company for the HR sector, raised $10.5 million in a Series A round. The round was co-led by Global Ventures and Wa’ed Ventures with the participation of otf Jasoor Ventures.
The HR tech company aims to use the capital raised to accelerate its business expansion and expand its market share. It also strives to broaden its reach by entering new markets, investing in product innovation, and propelling the advancement of HR tech.
“Our team of high-caliber talent is shaping the future of HR. From day one, we were confident that Elevatus would exponentially succeed and reach even bigger heights. We took great strides in identifying client needs and adapting to the marketplace. Elevatus is meeting those needs head on; through our best-of-breed AI solutions that offer the right level of scalability, innovation, and agility – to help us accommodate and grow,” Yara Burgan, Co-Founder and Chief Executive Officer of Elevatus, said.
Elevatus was launched in 2019 by co-founders Yara Burgan, Yacoub Zureikat, and Yanal Kashou to streamline the full hiring process using next-generation AI technology. This enables companies to centralize core recruitment functions in one place, tackle their biggest hiring challenges, and recruit dependable top talent in less time.
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