Humanly Company Profile

Background

Humanly, founded in 2019 and headquartered in Seattle, Washington, is an AI-powered recruiting platform designed to streamline and automate high-volume hiring processes. The company's mission is to empower hiring teams to build engaged, high-performing organizations by delivering human connection at scale through innovative technology, commitment, and fairness.

Key Strategic Focus

Humanly focuses on enhancing the efficiency and equity of the hiring process by automating candidate screening, scheduling, and engagement. The platform is particularly tailored for roles with high applicant volumes, such as customer success and sales positions. By integrating conversational AI, Humanly aims to reduce the time-to-hire and improve candidate experience, while also addressing biases in the recruitment process.

Financials and Funding

Since its inception, Humanly has demonstrated consistent growth. In 2023, the company reported a revenue of $4 million, marking a 34% year-over-year increase.

Humanly has successfully secured funding to support its expansion:

June 2023: Raised $12 million in a Series A funding round led by Zeal Capital Partners, with participation from Spark Growth Ventures, Basecamp Fund, Moneta Ventures, and angel investors including Joe Giordano and Pradeep Singh.

June 2019: Secured $4.2 million in a funding round to enhance its AI-driven recruitment solutions.

The capital raised is intended to further develop Humanly's AI capabilities, expand its customer base, and enhance the overall functionality of its platform.

Technological Platform and Innovation

Humanly's platform stands out due to its integration of advanced AI technologies to automate and optimize various stages of the recruitment process:

Conversational AI: Automates initial candidate interactions, including screening and scheduling, allowing recruiters to focus on more strategic tasks.

Bias Reduction Mechanisms: Implements features that anonymize candidate information to mitigate unconscious biases, promoting a more equitable hiring process.

Data Analytics: Provides insights into recruitment metrics, enabling organizations to refine their hiring strategies and improve overall efficiency.

Leadership Team

Humanly's leadership comprises experienced professionals with backgrounds in technology and human resources:

Prem Kumar, CEO and Co-founder: Prior to founding Humanly, Prem led product management and design teams at TINYpulse and spent a decade at Microsoft in various product roles, including within Microsoft's HR technology department.

Andrew Gardner, Co-founder: Co-founded Humanly with a focus on leveraging technology to enhance recruitment processes.

Bryan Leptich, Co-founder and CTO: Brings technical expertise to Humanly, overseeing the development and implementation of the company's AI-driven solutions.

Competitor Profile

Market Insights and Dynamics

The recruitment automation industry is experiencing significant growth, driven by the increasing need for efficient and unbiased hiring processes. The global recruitment software market is projected to continue expanding as organizations seek to enhance their talent acquisition strategies through technology.

Competitor Analysis

Humanly operates in a competitive landscape with several notable companies offering similar solutions:

Headstart: Develops a job matching platform designed to hire a more diverse workforce.

Jump.Work: Provides an AI-powered talent platform for the legal and business services recruitment industry.

HeyJobs: A recruiting tech company that helps employers recruit by leveraging machine learning algorithms.

Solides: Offers a cloud-based HR management platform.

Strategic Collaborations and Partnerships

Humanly has established partnerships with various investors and organizations to strengthen its market position and innovation capacity. Notably, the company graduated from Y Combinator in 2019, providing it with valuable resources and networking opportunities to accelerate its growth.

Operational Insights

Humanly differentiates itself through its commitment to ethical AI and bias reduction in the hiring process. By focusing on conversational AI and data-driven insights, the company offers a comprehensive solution that addresses both efficiency and equity in recruitment. This strategic approach positions Humanly favorably against competitors who may not emphasize these aspects as strongly.

Strategic Opportunities and Future Directions

Looking ahead, Humanly aims to expand its AI capabilities, enhance its platform's features, and broaden its customer base. The company is also exploring opportunities to integrate with other HR technologies to provide a more seamless experience for users. By continuing to prioritize ethical AI and bias reduction, Humanly is well-positioned to meet the evolving needs of the recruitment industry.