Humanly raises $800K to help companies automate recruiting process amid economic crisis

The COVID-19 crisis is changing the way companies recruit new employees — and Seattle startup Humanly is hoping to ride the trend with its HR technology.

Humanly has raised $800,000 from investors including TMD Ventures, a venture firm led by DocuSign co-founder Tom Gonser, Gusto CFO Mike Dinsdale, and Kinetica CFO Dean Neese. HR veterans from Amazon and Microsoft also invested.

Humanly’s AI technology helps companies screen job candidates, schedule interviews, run reference checks, and more. The idea is to reduce the time it takes to find talent and provide a better experience for potential new employees.

GeekWire spotlighted Humanly in February as the startup was going through the Y Combinator program. The business world has certainly shifted since then due to the global pandemic.

Many companies pulled back on hiring and slashed recruiting positions. Humanly’s data shows 40% of recruiters at Bay Area companies being furloughed or let go since the COVID-19 crisis.

For companies still looking to fill positions, budgets are tight as they manage an influx of job applications with thousands of laid off workers seeking new employment. FULL ARTICLE