7 years ago
MeVitae Raises £500,000 to Combat Bias in Hiring with AI
Oxford-based startup MeVitae has raised £500,000 in seed funding to further develop its AI-powered hiring software
The software aims to remove unconscious bias from the hiring process by analyzing CVs and providing employers with a ranked and redacted list of applicants
The funding round was led by Startup Funding Club, with participation from Force Over Mass, Twenty Ten Capital, BBH ZAG, London Co-Investment Fund, and several angel investors.
ProblemTechnology
"Large companies struggle to scale their hiring process when they receive numerous applications and need to remove unconscious bias to ensure they shortlist the best candidates."
Solution
"MeVitae, an AI-powered platform, automates the CV screening process by analyzing each application against the job description and providing a ranked shortlist. The system also redacts personal information to mitigate bias and provides insights into its scoring rationale."