HeyMilo Raises $2.2M to Revolutionize Candidate Screening
Deal News | Mar 05, 2025 | Aim Group
In a significant development in the AI-driven HR tech industry, HeyMilo, an AI-powered candidate screening company based in New York, has successfully raised $2.2 million in seed funding. This funding round was led by the esteemed Canaan Partners, showcasing strong investor confidence in HeyMilo's innovative capabilities. Established in 2023, HeyMilo was founded by entrepreneurs with expertise in technology and product development, aiming to transform the traditional candidate screening process through artificial intelligence. The capital infusion is expected to fuel the company's growth trajectory, enhancing their product offerings and accelerating market penetration.
Sectors
- Human Resource Technology
- Artificial Intelligence
- Venture Capital
Geography
- United States – HeyMilo is based in New York, and the funding round involves U.S.-based investors.
Industry
- Human Resource Technology – HeyMilo operates within the HR technology industry, focusing on AI-based solutions for candidate screening.
- Artificial Intelligence – The company's core product leverages AI to enhance the candidate screening process, making it relevant to the AI sector.
- Venture Capital – The article revolves around a seed funding round led by Canaan Partners, a notable venture capital firm.
Financials
- $2.2 million – The amount of seed funding raised by HeyMilo.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| HeyMilo | Target Company | Company | An AI-powered candidate screening startup based in New York. |
| Canaan Partners | Investor | Company | A venture capital firm leading the seed funding round for HeyMilo. |