OptimHire Raises $5M to Revolutionize Tech Recruitment

Deal News | Mar 15, 2025 | Aim Group

OptimHire, a San Francisco-based AI-driven recruitment platform, has secured $5 million in funding to support its global expansion and platform enhancement initiatives. The company, founded in 2019, offers a comprehensive AI hiring service that includes candidate sourcing, pre-screening, and scheduling. OptimHire claims to reduce hiring costs by up to 80% and facilitates hires in an average of 12 days. Clients can opt for a flat recruitment fee of 6% or a task-based model for individual hiring processes. With a candidate database of over 16 million, OptimHire aims to reshape the recruitment industry by offering a risk-free, outcome-based hiring model. The funding was primarily led by Mucker Capital, with participation from SparkLabs, Citta Capital, Pitbull Ventures, and VSC Ventures. CEO Lakshmi Kodali emphasizes the company's commitment to making hiring swift, cost-effective, and efficient, leveraging AI to redefine global talent markets.

Sectors

  • Technology
  • Recruitment
  • Venture Capital

Geography

  • United States – Home to OptimHire's headquarters and major player in the technology and recruitment markets.

Industry

  • Technology – Involves the application of scientific knowledge for practical purposes, especially in industry; OptimHire develops and uses AI technology for recruitment.
  • Recruitment – The action of enlisting new people; OptimHire operates within the recruitment sector, providing AI-based hiring solutions to various companies.
  • Venture Capital – Capital invested in a project in which there is a substantial element of risk; The funding round for OptimHire was led by venture capital firm Mucker Capital.

Financials

  • $5 million – Funding raised by OptimHire to expand its market and enhance its AI platform.
  • 6% – Flat recruitment fee charged by OptimHire compared to the industry average of 20%.
  • $300 – Monthly cost for OptimHire's AI recruiter task-based model.

Participants

NameRoleTypeDescription
OptimHireTargetCompanyAI-based recruitment platform that raised $5M in funding.
Mucker CapitalLead InvestorCompanyVenture capital firm that led the $5M funding round for OptimHire.
Lakshmi (Larry) KodaliCEO & Co-founderPersonCEO of OptimHire, leading the company's vision and strategy.
Omar HamouiGeneral PartnerPersonGeneral Partner at Mucker Capital and lead on the funding round.
SparkLabsInvestorCompanyVenture capital firm participating in the funding round.
Citta CapitalInvestorCompanyVenture capital firm participating in the funding round.
Pitbull VenturesInvestorCompanyVenture capital firm participating in the funding round.
VSC VenturesInvestorCompanyVenture capital firm participating in the funding round.