CEIPAL, an AI-powered platform for automating talent acquisition, has secured $21 million in cash, including $16.5 million in its Series B round and $4.5 million in debt financing. Camden Partners served as the round’s lead investor.
Along with previous investors, Mistral Venture Partners and Resolve Growth Partners, Top mark Partners and Evergreen Mountain Equity Partners also participated in this round.
An AI-powered SaaS platform called CEIPAL offers complete lifecycle management of the hiring process. According to a press statement from the company, 120,000 recruiters are currently served by the SaaS-based talent management platform, which assists businesses of all kinds in finding and managing human talent.
According to the announcement, the company intends to continue growing by bolstering regional market expansion, particularly in the US, UK, and India.
According to CEIPAL Founder and CEO Sameer Penakalapati, “Over the past few years, we’ve delivered innovation after innovation to recruiters, hiring managers, and HR professionals by harnessing the power of AI to ensure that no talent is left behind.” “Our most recent round of funding will guarantee that we keep advancing and broadening our global footprint.”
With leadership teams in the U.S. and India, CEIPAL currently has a global team of 450 people. In the next 12 to 18 months, the company expects to expand to more than 1000 global employees.
With the help of cutting-edge ATS (application tracking system), CRM (customer relationship management), WFM (workforce management), and DEI (diversity, equality, and inclusion) technology, the organisation has expanded its artificial intelligence for recruiting capabilities.