Mya Systems, formerly known as FirstJob, today announced funding of $11.4 million to further develop its recruiter chatbot, which uses artificial intelligence (AI) to automate outreach and communication with job candidates. Emergence Capital was the sole investor in this round.
“The existing recruiting landscape is made up of Applicant Tracking Systems (ATS), online assessments, job boards, and professional networking sites,” wrote Mya Systems’ founder and CEO, Eyal Grayevsky, in an email to VentureBeat. “The market is broken, as evidenced by the fact that 75 percent of workers submitting applications don’t hear back from employers and 54 percent of employers say it’s become more difficult to find qualified candidates.”
Mya Systems launched Mya last year and is on pace to interact with a total of 2 million candidates by…
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