Background
Placemint is a recruitment Software as a Service (SaaS) company founded on January 8, 2016, and headquartered in Atlanta, Georgia. The company specializes in streamlining the hiring process for technical positions by aggregating comprehensive profiles of developers, including their skill sets, employment histories, and contact information. This approach aims to enhance the efficiency and accuracy of candidate evaluation for recruiters.
Key Strategic Focus
Placemint's strategic focus is on providing recruiters with a centralized platform that consolidates candidate evaluation, identification, communication, and career placement into a singular online solution. By offering detailed developer profiles without requiring candidate action, the company facilitates a more efficient recruitment process for technical roles.
Financials and Funding
As of April 2016, Placemint was bootstrapped and actively seeking $600,000 in funding to further develop its platform. The company was looking for investors with successful backgrounds in the tech startup industry who could contribute time and resources to its growth.
Technological Platform and Innovation
Placemint's platform aggregates thousands of developer profiles across the United States, providing recruiters with detailed insights into each candidate's skills, job history, social profiles, and contact information. This comprehensive approach allows recruiters to efficiently access and evaluate a vast pool of technical talent from a single search interface.
Leadership Team
- Matthew Bennett: Co-founder of Placemint, with a background in technical recruitment and platform development.
- Paris Humphrey: Co-founder, bringing expertise in business strategy and operations within the tech industry.
- Andy Wu: Co-founder, specializing in software development and technological innovation.
All three co-founders have roots in Atlanta, with Bennett and Wu attending Georgia State University.
Competitor Profile
Market Insights and Dynamics: The technical recruitment industry is experiencing significant growth, with technical jobs projected to increase by 27% through 2020, amounting to approximately 500,000 new positions. Companies spend an average of $3,300 per hire on recruiting, totaling $72 billion annually in the U.S. alone.
Competitor Analysis: Placemint operates in a competitive landscape with several notable companies:
- Supervisely: A web platform for computer vision developed by Deep Systems, focusing on AI-driven solutions.
- Alchera Technologies: Specializes in computer vision and machine learning platforms for smart cities and intelligent infrastructure.
- AIMMO: Develops a cloud-based data annotation platform called AIMMO Enterprise, catering to AI and machine learning applications.
- LightOn: Focuses on photonics computing for machine learning and AI, offering innovative hardware solutions.
These competitors provide various technological solutions that intersect with Placemint's focus on leveraging technology to enhance recruitment processes.
Strategic Collaborations and Partnerships
As of the latest available information, specific strategic collaborations or partnerships involving Placemint have not been publicly disclosed.
Operational Insights
Placemint's platform offers a distinct competitive advantage by providing recruiters with immediate access to a vast network of developer profiles, complete with detailed information. This efficiency reduces the time and resources typically required in the recruitment process, positioning Placemint as a valuable tool for companies seeking technical talent.
Strategic Opportunities and Future Directions
With the projected growth in technical job openings and the substantial expenditures on recruitment services, Placemint is well-positioned to capitalize on these trends by offering a cost-effective and efficient solution for technical recruitment. Securing additional funding and forming strategic partnerships could further enhance the platform's capabilities and market reach.
Contact Information
- Website: www.placemint.io
- Headquarters: Atlanta, Georgia, United States
Please note that the information provided is based on available data as of April 2016, and there may have been developments since that time.
