Metaview Raises $35M to Revolutionize Recruitment with AI-Powered Tools

2 Sources

Metaview, founded by Uber and Palantir alums, secures $35M in funding to develop AI tools for streamlining corporate recruitment processes, aiming to reduce subjectivity and administrative burden in hiring.

Metaview's $35M Funding Round

Metaview Labs Inc., an artificial intelligence recruitment platform startup, has successfully raised $35 million in a recent funding round. The investment was led by Google Ventures, with participation from Plural, Vertex Ventures, Seedcamp, Coelius Capital, True Equity, and angel investors 12. This funding builds upon their previous $7 million Series A round closed just a year earlier, highlighting rapid growth and investor confidence in their AI-driven approach to recruitment 1.

Founders' Background and Inspiration

Metaview was co-founded by Siadhal Magos and Shahriar Tajbakhsh, former executives from Uber Technologies Inc. and Palantir Inc. Magos, drawing from his experience at Uber, identified significant inconsistencies in the hiring process, even within high-growth Fortune 500 companies 1. He observed a stark contrast between data-driven evaluations and gut-based decisions, which inspired the creation of Metaview's AI-powered tools to bring more structure and objectivity to the recruitment process 1.

Source: Fortune

Source: Fortune

AI-Powered Recruitment Tools

Metaview's flagship product is an AI note-taking application designed for recruiters and hiring managers. This tool automatically records, analyzes, and summarizes job interviews, significantly reducing the administrative burden on recruitment teams 12.

Source: SiliconANGLE

Source: SiliconANGLE

The company is also developing a suite of AI tools to enhance various aspects of the hiring process:

  1. AI Reports: A customizable reporting engine for optimizing the hiring funnel 1.
  2. AI Answers: An always-on assistant providing instant information about candidates, jobs, or hiring details 1.
  3. AI Job Posts: A tool for generating and maintaining job descriptions, enabling quick launches of new talent searches 12.

Integration and Efficiency Gains

Metaview's platform integrates directly with existing applicant tracking systems and is specifically designed to understand the context of recruiting conversations 12. This specialization allows for more accurate and relevant summaries compared to general-purpose AI tools 1. Clients, including Sony, Brex, ElevenLabs, and Deliveroo, report saving up to 30 minutes after every interview and up to two hours per job post 12.

Addressing AI Ethics Concerns

The use of AI in recruitment raises concerns about transparency, fairness, and ethical implications. Under the EU AI Act, HR-related AI applications are classified as 'high risk' 1. Metaview addresses these concerns by:

  1. Focusing on automating administrative tasks rather than making hiring decisions 12.
  2. Ensuring their AI assistants don't become "judgment tools" or make hiring recommendations 1.
  3. Aiming to reduce subjectivity in hiring by encouraging more data-backed decisions 1.

Market Position and Future Plans

Metaview distinguishes itself from general-purpose tools like Microsoft Copilot through its specialization in recruitment workflows and domain-specific training 1. The company plans to use the new funding to:

  1. Build out its full suite of AI tools 1.
  2. Hire more staff at its London headquarters 1.
  3. Expand its presence in San Francisco 1.

As the recruitment industry grapples with the potential of AI, Metaview is positioning itself at the forefront of this transformation, aiming to streamline processes while maintaining human oversight in critical decision-making aspects of hiring 12.

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