Friday 9 of December, 2022
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Saudi Recruitment Platform Elevatus Raises $10.5 Million Series A

The new investment will be used to accelerate the startup’s business expansion, enter new markets, and invest in product innovation.

Startup Scene

Elevatus, a Saudi-based recruitment platform, has raised $10.5 million in a Series A round co-led by Global Ventures, Wa’ed Ventures, and Jasoor Ventures.

Founded in 2019 by Yara Burgan, Yacoub Zureikat, and Yanal Kashou, Elevatus aims to streamline the hiring process through its next generation AI technology. This enables the startup to centralise core recruitment functions, tackle hiring challenges, and recruit top talent.

“Our team of high-calibre talent is shaping the future of HR. From day one, we were confident that Elevatus would exponentially succeed and reach even bigger heights,” Yara Burgan, Co-Founder and Chief Executive Officer of Elevatus, tells StartupScene. “We took great strides in identifying client needs and adapting to the marketplace. Elevatus is meeting those needs head on; through our best-of-breed AI solutions that offer the right level of scalability, innovation, and agility – to help us accommodate and grow.”

Elevatus is a holistic SaaS solution that offers two core AI-powered services: a hiring platform EVA-REC, and a video interviewing software EVA-SSESS. EVA-REC helps companies streamline recruitment functions such as automating workflow, filtering resumes, short listing candidates, sending offers, and onboarding new hires. EVA-SSESS, meanwhile, is a video interviewing platform that helps identify and hire talent via AI-powered video assessments.

According to the startup, it has helped companies worldwide conduct 3 million video assessments, and recruit thousands of candidates to date. Since 2019, it has also provided services to more than 150 companies including Samsung, RE/MAX, Arab Bank, and Virgin Mobile, amongst others.

The new investment will be used to accelerate the startup’s business expansion, enter new markets, and invest in product innovation.