Talents Arena, an Egyptian AI recruitment startup, has announced that UI Investments, along with a number of famous Saudi and regional angel investors, has provided it with pre-seed capital in the amount of $750,000.
This new round of funding comes at a time when the company is rapidly establishing itself as a leader in the artificial intelligence recruitment field. This type of business is vital for reducing the unemployment rate in the Middle East and Africa.
In addition to having been a graduate of the illustrious Plug and Play startup accelerator programme, Talents Arena is a company that is held in the investment portfolio of Flat6Labs. The fact that the company was able to successfully get this pre-seed funding demonstrates that investors have a strong belief in the large market opportunity that exists in the Middle East.
By utilising its one-of-a-kind talent mining engine and several automated capabilities, Talents Arena has been able to successfully make more than 180,000 job matches and place thousands of people in appropriate tech employment. The newly acquired money are going to be put towards Talents Arena’s intentions to expand into Saudi Arabia and the other GCC countries.
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About the founder of Talents Arena
Aya Elgebeely, an Egyptian entrepreneur and technologist with years of experience in product creation, is the lady behind the establishment of the Talents Arena in 2019. She has a demonstrated history of successfully managing technical teams and contributing to the completion of a wide variety of successful projects. In addition to the four technological patents that she has published, she has been recognised as an IBM Inventor, is a certified Cloud Engineer, and is the author of a variety of articles and publications on software project management.
Aya Elgebeely, Founder and CEO of Talents Arena remarked: “Our talent mining engine leverages advanced algorithms and machine learning models that draw upon hundreds of thousands of human decisions to find hidden gems in the talent market and match them with suitable vacancies. This, in return, automates and streamlines the hiring process for both employers and job seekers.”
The artificial intelligence engine of Talents Arena aims to upend traditional methods of hiring by providing a significantly reduced time to hire, improved job matching, the opportunity to track and improve their hiring process while still fulfilling hiring KPIs, and more. The company is in a position to take the lead in giving companies in the Middle Eastern market and beyond with the best recruitment solution by bringing technology development to the field of hiring. This will allow the company to take advantage of its advantageous position.
The impact of the expansion
Elgebeely noted that in addition to extending the startup’s position in the Saudi market, which now accounts for 25% of its clientele, the financial milestone enables the company to speed up the development of its AI hiring engine. The Saudi market currently accounts for 25% of the company’s clientele.
“We are excited to bring our cutting-edge technology to businesses across industries in Saudi Arabia and the Middle East, helping hiring managers and recruiters find talents faster with higher accuracy and at a better economical value.”