SquarePeg Secures $3.5M for AI Screening Tools
Deal News | Feb 04, 2025 | Aim Group
Utah-based recruitment firm SquarePeg has successfully raised $3.5 million in seed funding to enhance its AI-driven candidate screening tools catered for the recruitment sector. Having developed an integrated recruitment system targeting startups in 2022, this new funding round is poised to extend their capabilities in the AI recruitment domain. The infusion of capital underscores a growing interest in technology-driven solutions for talent acquisition, further solidifying SquarePeg's commitment to revolutionizing recruitment processes.
Sectors
- Human Resources Technology
- Artificial Intelligence
- Recruitment and Talent Acquisition
Geography
- United States – The article mentions SquarePeg is based in Utah, indicating that the company's operations and the context of the funding are U.S.-centric.
- Utah – Specifically noted as the base location for SquarePeg, emphasizing the geographic focus of the company.
Industry
- Human Resources Technology – SquarePeg is enhancing its AI candidate screening tools, indicating a focus on technological solutions within the recruitment space.
- Artificial Intelligence – The funded tools focus on AI-driven solutions, highlighting SquarePeg's emphasis on technology in candidate screening.
- Recruitment and Talent Acquisition – SquarePeg operates within the talent acquisition industry, providing screening tools for recruiters.
Financials
- $3.5 million – Seed funding raised by SquarePeg to develop AI candidate screening tools.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SquarePeg | Target Company | Company | A Utah-based talent acquisition firm specializing in AI candidate screening tools. |