AI-driven talent marketplace well-positioned for further product development and market growth
NEW YORK–(BUSINESS WIRE)–November 15, 2016–
untapt, the leading FinTech technology talent marketplace driven by artificial intelligence, announced today the closing of a $2M investment round with the participation of new investors – Cris Conde, Walter Barandiarán, WorldQuant Ventures, Bluff Point Associates, Mathers Associates, Sand Hill East and additional private investors, along with existing investors SenaHill Partners and Tsai Capital.
Using artificial intelligence, untapt is creating powerful digital hiring platforms and tech talent marketplaces that match precisely the needs and wants of technologists and employers.
The company has recently released a new product – untaptX, an internal mobility product that allows large firms (Technology and FinTech) to bring the untapt digital hiring platform in-house, facilitating internal career advancement and gaining better insights into their employee pool, thus reducing employee attrition and turnover.
“We are positioned to be the artificial intelligence that drives all tech hiring, both externally and within an organization,” said Ed Donner, untapt’s Co-Founder and CEO. “We are excited that our vision and strategy are backed by such leading investment groups; it’s a testament to the caliber of our team and the quality of our products,” added Mr. Donner.
There are about 15 million technology professionals that work predominantly in the FinTech, Technology and Healthcare industry sectors.
“The use of artificial intelligence to create matching engines and hiring platforms will revolutionize the way recruitment works,” explains Walter Barandiarán, Co-Founder and Managing Partner of The Argentum Group. “untapt is uniquely positioned to achieve this for hiring technology talent in the FinTech, Technology and Healthcare industry sectors,” added Mr. Barandiarán.
“With the new investment, untapt will be able to enhance both product lines and enter new markets,” said Geoff Massam, untapt’s Co-Founder and CBO. “Having initially focused our efforts on the northeast, we’ll be adding a sales team on the west coast, and begin market coverage of large software firms,” added Mr. Massam.
untapt is a talent marketplace that uses artificial intelligence to match technologists to their next position. This highly precise hiring platform is the foundation for its two core products – an external marketplace and an internal mobility environment – each enabling companies to create a workforce poised for the future and allowing candidates to find the perfect role. For more information, visit www.untapt.com.
Kate Brodock, 617-821-4611