Hundreds of tools are out there for job applicants trying to master the interview process. HireVue has raised $22 million for the people on the other side of the table.
HireVue is an digital interview platform that recruiters use to screen candidates. The service makes interview questions available on demand, so job seekers can answer them remotely and interviewers can listen at their convenience.
The footage is stored and saved so interviewers are able to review the applicants multiple times, share the footage with coworkers, and make comparisons. Unlike in-person interviews, where all that is left behind is an impression and a resume, HireVue enables more prolonged consideration.
This method lets companies avoid scheduling, small talk, bad phone connections, and unpleasant body odors triggered by stress. It also makes it easier to disregard underqualified applicants, minus the awkwardness and wasted time. Employers can fast-forward, rewind, and pause the videos to suit their needs. Popcorn is optional.
More than 300 businesses, including big names like Walmart, Nike, Starbucks, Dunking Donuts, eBay, Nestle, Geico, and Dow Jones, use HireVue to screen the hundreds of applicants they receive in a more manageable way.
This is the company’s third round of funding led by Investor Growth Capital. It consists of $17 million in Series C equity and an expansion of the HireVue’s debt facility. Previous investors Granite Ventures and Peterson Ventures also contributed, as well as Rose Park Advisors.
HireVue is based in Salt Lake City and has 60 employees.