Unboxable Company Profile

Background

Unboxable is a privately held company founded in 2019 and headquartered in Tel Aviv, Israel. The company specializes in developing a hiring prediction platform designed to eliminate guesswork and bias in the recruitment process. By leveraging data-driven methodologies, Unboxable aims to assist organizations in making informed hiring decisions, thereby enhancing team compatibility and overall productivity.

Key Strategic Focus

Unboxable's strategic focus centers on revolutionizing the hiring process through its proprietary Job Simulator technology. This platform transforms traditional job applications into immersive experiences, enabling candidates to demonstrate their skills and work styles in a simulated environment. The technology predicts work styles, leadership qualities, and compatibility with potential managers and teams, allowing companies to screen talent based on predictors of professional success and team fit.

Financials and Funding

Since its inception, Unboxable has secured funding through various channels:

Seed Round (July 2021): The company completed a seed funding round to support its initial growth and development.

Accelerator/Incubator (November 2022): Unboxable participated in an accelerator/incubator program, further bolstering its financial position and market presence.

Notable investors include Deloitte Launchpad and TLV Partners, both of whom have contributed to Unboxable's growth and development.

Pipeline Development

Unboxable's primary product is its hiring prediction platform, which is continually refined to enhance accuracy and user experience. The company focuses on expanding its technological capabilities and integrating advanced features to meet the evolving needs of the recruitment industry.

Technological Platform and Innovation

Unboxable's innovation is anchored in its Job Simulator technology, which offers several key features:

Predictive Hiring AI: Achieves a 93% accuracy rate in predicting candidate success within specific company contexts.

Efficient Time-to-Hire: Reduces the average hiring process duration from 42 days to 7 days by providing real-time access to high-quality candidates.

Deep Candidate Reports: Delivers comprehensive insights into candidates' skills and work styles, forecasting their potential performance within the company.

Leadership Team

Unboxable's leadership comprises experienced professionals dedicated to transforming the hiring landscape:

Yardenne Assa-Maor: Co-Founder and Chief Executive Officer.

Stephie Knopel: Co-Founder, Chief Experience Officer, and Chief Marketing Officer.

Yaron Fishmann: Chief Product Officer.

Competitor Profile

Market Insights and Dynamics

The recruitment technology market is experiencing significant growth, driven by the increasing demand for efficient and unbiased hiring solutions. Companies are seeking platforms that leverage data and artificial intelligence to enhance recruitment processes and outcomes.

Competitor Analysis

Key competitors in the recruitment technology space include:

Instaffo: Focuses on matching companies with suitable candidates through an AI-driven platform.

Applied: Offers a recruitment platform emphasizing bias-free hiring by utilizing anonymized applications and structured interviews.

Employee Cycle: Provides HR analytics dashboards to help companies make data-driven HR decisions.

Strategic Collaborations and Partnerships

Unboxable has engaged in strategic collaborations to enhance its market position and technological capabilities. Notably, the company partnered with tlv.agency to optimize its marketing and sales strategies, resulting in a significant reduction in cost per lead and an increase in social media reach.

Operational Insights

Unboxable differentiates itself through its unique approach to candidate evaluation, focusing on predictive analytics and immersive simulations. This methodology allows the company to offer a more accurate and unbiased assessment of potential hires, setting it apart from traditional recruitment platforms.

Strategic Opportunities and Future Directions

Looking ahead, Unboxable aims to expand its technological offerings and enter new markets. By continuously enhancing its predictive hiring platform and forming strategic partnerships, the company is well-positioned to address the evolving needs of the recruitment industry and drive future growth.