Dec
14
2020
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iCIMS acquires video recruiting startup Altru for $60M

Enterprise recruiting company iCIMS is announcing that it has acquired Altru.

ICIMS declined to comment on the terms of the deal, but a source with knowledge of the companies told us that the price is a combination of cash and stock, totaling around $60 million.

Founded in 2000, iCIMS offers a “talent cloud” used by more than 4,000 employers to attract, engage and hire new employees, and to help existing employees continue to develop their careers.

Former Marketo chief executive Steve Lucas became CEO in February, and he told me that the recruiting world is overdue for reinvention. After all, every company says they want to hire the most talented people around, so he wondered, “Well, okay, if you want that, why do you create such boring content? Why do you take a job that is exciting and should demand amazing human beings and create this super boring job description?”

Lucas sees video as a key piece of the solution, allowing companies to bring more “authenticity” to what can be a stuffy and bureaucratic process. Just over a month ago, iCIMS announced another acquisition in this area — Paris-based Easyrecrue.

Lucas said that while Easyrecrue has created tools to enrich video interviews, Altru can be most helpful earlier in the recruiting process, when companies are trying to stay connected with the most promising candidates and get them excited about a potential job.

Altru CEO Alykhan Rehmatullah (who founded the startup with CTO Vincent Polidoro — they’re both pictured above) told me that while the company started out with a focus on recording and sharing employee videos for recruitment, its asynchronous videos are becoming used more broadly across companies. He suggested that’s particularly true this year, while teams are working from home and everyone’s looking for ways to communicate that are more expressive than Slack and don’t require putting “another 30-minute Zoom call on your calendar.”

In fact, Lucas said that before talking to me, he’d actually been recording videos on Altru to explain the acquisition to his own team. He praised the platform’s ease of use, joking, “If I can use this thing, anybody can use it.”

Rehmatullah said the entire Altru team will be joining iCIMS, where he’ll become vice president of content strategy. The goal is to continue operating Altru as a standalone product while also finding new ways to integrate it into the iCIMS platform.

Altru previously raised a total of $1.3 million from Birchmere Ventures, Active Capital and Techstars.

Mar
06
2018
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Leap.ai looks to instantly match job-seekers with employers with just a few questions

 Searching for a new job can be a daunting process — especially if you aren’t sure what you’re great at — and even finding the right companies and what jobs are out there is probably enough to make you freeze for a second. Leap.ai, an intelligent recruiting platform, is looking to make life a little easier for those job seekers. The company is today launching what… Read More

Mar
06
2018
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Degreed gets $42M to help build a tool to help employees learn the right skills

 When an employee is looking to advance in their career, where they work might have a kind of strict hierarchical path for the role they’re in and what titles come next — but there’s a good chance that employee might want to try something new without leaving their company. Instead of going from just an agent to a manager of agents, or following some existing promotion line,… Read More

Feb
21
2018
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SharpestMinds wants to help startups find AI talent before Google and Facebook snatch them

 Google and other tech giants often have huge recruiting efforts that can target students — but startups might not have those kinds of resources to find or grab them before they head off to those huge companies. The biggest tech companies in the world can offer a lot of resources and bigger compensation packages, but startups may still offer a huge opportunity, too. Read More

Feb
20
2018
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Adecco Group acquires recruiting startup Vettery for $100M

Vettery founders The Adecco Group, a global HR services firm headquartered in Switzerland, announced today that it has acquired Vettery. The financial terms were not disclosed, but a source with knowledge of the deal told us that the price was a little over $100 million. (It’s not clear how much of that is cash versus stock.) Read More

Sep
20
2017
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Pymetrics attacks discrimination in hiring with AI and recruiting games

 Identify the traits of your top performing employees and hire people like them, but without the discrimanatory bias of traditional recruiting. That’s the promise of Pymetrics, an artificial intelligence startup that today announced $8 million in new funding onstage at TechCrunch Disrupt SF. Read More

Dec
06
2016
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Airbnb plummets, Facebook ranks top in tech on Glassdoor’s Best Places to Work 2017

Inside a Facebook office. Facebook has risen to the top spot among tech companies on the annual Glassdoor Best Places to Work U.S. rankings. That seems fitting for the company in a year when it is taking on Slack, Microsoft-owned Yammer, and other workplace collaboration platforms with its own Facebook Workplace. Facebook’s Head of People, Lori Matloff Goler, told TechCrunch that the social media giant focuses… Read More

Aug
16
2016
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Vettery raises $9M as it expands its hiring marketplace to San Francisco

Vettery founders Vettery, a startup offering an alternative to the traditional recruiting process, has raised $9 million in Series A funding. On the Vettery website, the company pairs potential job-seekers with a “talent executive” who helps them through the process of creating a profile and looking over interview requests from employers. If they accept a job, Vettery will give them a $1,000… Read More

Jun
16
2016
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Beamery raises $2 million to help recruiters identify and draw in talent, instead of waiting for applicants

Beamery makes software to help recruiters manage relationships with prospective hires. London-based startup Beamery, formerly known as Seed.Jobs, has raised $2 million in a seed round from Edenred Capital Partners and Grupa Pracuj, a human resources tech firm. Beamery makes software that helps recruiters or employers identify, get connected to and nurture relationships with prospective hires, long before they apply for a job. The company’s client roster includes employers… Read More

Dec
04
2015
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TalentSky Is Building A Professional Network With A Focus On Verified Skills

talentsky Rick Devine has spent more than a decade as an executive recruiter, and even introduced Steve Jobs to his eventual successor Tim Cook back in 1998. Now he’s working on a startup called TalentSky, aiming to address some of the big problems he sees in the hiring landscape — specifically, the “skills gap,” where employers can’t find job applicants with the skills… Read More

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