Teamable receives USD 5 mln investment

Teamable, which provides recruiting software for businesses, announced the funding of USD 5 million, led by True Ventures.

Teamable cofounder and CEO Laura Bilazarian informs that the new capital will be used to further develop Teamable’s data engine, improve the matching algorithms, and hire more people in sales and marketing.

Teamable software helps optimize workflows and create systems of record in HR. Teamable uses artificial intelligence (AI) algorithms to suggest candidates based on job requirements, skill sets, experience, and other factors.

Teamable claims to have more than 50 customers, including Lyft, Stripe, and Baidu.

Founded in 2013, Teamable has offices in San Francisco and Yerevan, Armenia.

Itel.am’s interview with co-founder of Teamable Vazgen Hakobjanyan is available here.