7 years ago

Applied Raises $2M to Promote Fairer Hiring Practices with Algorithm-Driven Platform

  • Applied, a London-based startup, has raised £1.5M (~$2M) in seed funding to develop its recruitment platform

  • The platform utilizes algorithms and behavioural science to create a fairer hiring process by deconstructing the traditional CV-based approach and focusing on skills and abilities rather than demographic background

  • The platform has been used by over 55 employers to recruit for more than 2,000 jobs

  • Applied's investors include Blackbird Ventures, Skip Capital, Angel Academe, Giant Leap, Impact Generation Partners, and unnamed angels

  • The article highlights Applied's commitment to fairness and its avoidance of AI-based matching, which can perpetuate existing biases.

      • ProblemTechnology

      "Traditional hiring processes often perpetuate bias, leading to companies overlooking qualified candidates from underrepresented groups. This creates a less diverse and less innovative workforce."

      Solution

      "Applied uses behavioural science to deconstruct traditional hiring processes. It replaces CVs with skills-based assessments, anonymizes applications to remove bias, and provides feedback to candidates. This helps companies find the best talent, regardless of their background, and create a more diverse and inclusive workplace."

      Covered on