The Palo Alto and Bengaluru based Humantic AI has raised US $1.5 Mn in a funding round from Coinbase and Pinterest board members Gojul Rajaram, John Donovan and Amit Singh. VP of Product of Google Bradley Horowitz and Flipkart Co-Founder Binny Bansal also invested in this round. In addition, Observe.AI’s Co-Founder Sharath Keshava Narayana joined Humantic AI’s board through the fresh funding round.
Amarpreet Kalkat, founder & CEO of Humantic AI, said they are building Humantic AI to help salespeople understand their prospects and speak in a language that connects them. “The long-term goal is to build a layer of ‘people intelligence’ to humanise the internet”. The startup claims that companies using its product report an average 36 per cent reduction in time taken for first engagement, a 30 per cent increase in response rates, and a 6.2 per cent increase in closing revenue.
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Narayana from Observe.AI said that one of the key reasons he has invested in Humantic is the product versatility and the spectrum depth. Every company can use the product on this planet—big, small, mid-sized; everybody needs a prospect intelligence tool.
The platform is used by over 100 customers, including Fortune 500 organisations such as Apple, PayPal, Appian, Caterpillar, RecruitCloud and others.
About Humantic AI
Humantic provides AI-driven behaviour and personality assessment of a candidate without requiring the candidate’s attention or time. It helps talent acquisition teams truly understand candidates beyond their resumes without requiring a traditional questionnaire or test. Humantic makes outreach personalised, significantly improves the candidate experience, and effectively improves the quality of hired candidates.