Cardiff-based Talent Ticker, an Artificial Intelligence (AI) Recruitment Market Intelligence platform, has completed a £1.5m seed funding round through Venture Investment and Business Angels.
Having launched the live platform in June 2019, Talent Ticker has landed a large enterprise client list of recruitment agencies across the UK, United States and Germany. This seed funding will allow Talent Ticker to further develop their machine learning technology and hire more R&D, Sales & Customer Success staff in their Welsh head office.
With 110,000 people employed in the £35.7bn UK recruitment industry, recruitment technology is set to become a major growth sector. Talent Ticker uses machine learning technology to scour recruitment news, insights and job postings to predict when companies will be hiring and releasing staff. This enables staffing professionals to get ahead of the market, save time, and increase the quality of their operations.
Aled Jones, Talent Ticker’s Head of Technology said: “Since launching Talent Ticker, we are beginning to see recruiters look closely at how they can use technology to improve their working life. We are not trying to use AI to replace recruiters, but we are focused on creating easy to use tools that enable recruiters to build better relationships, cut out inefficiencies and ultimately make more money.”
Nick Vaughan, CEO commented: “This is a fantastic opportunity to continue on the early successes we have had and to now double down our efforts in being able to predict staffing trends. Our goal is being the Bloomberg for recruitment, and this investment will allow us to expand our 22-person team in Central Cardiff, enabling us to improve our AI and move into new markets and geographies.”