HeyMilo, a New York-based AI hiring platform, has raised $2.2 million in seed funding. Canaan Partners led the investment, which was supported by Alumni Ventures and Entrepreneurs Roundtable Accelerator. HeyMilo helps companies speed up hiring by using AI to interview and screen job applicants.
This technology saves time and makes hiring easier for companies that need to fill many positions quickly. With the new funds, HeyMilo plans to improve its platform, grow its team, and reach more customers. Founded by Sabashan Ragavan and Ramie Raufdeen, HeyMilo aims to make hiring smarter and faster with AI-powered solutions.
What is HeyMilo?
HeyMilo is an AI-powered candidate screening platform that helps companies interview and evaluate job applicants more efficiently. It automates the initial hiring process by using AI agents to conduct interviews, ask follow-up questions, and analyze candidate responses.
This allows businesses, especially those with high-volume hiring needs like staffing agencies and BPOs, to quickly identify the best candidates without spending hours on manual screening. HeyMilo integrates with applicant tracking systems (ATS) and supports multiple communication channels, including voice, video, phone, and SMS. The platform aims to make hiring faster, fairer, and more scalable using advanced AI technology.
Why is This Funding Significant?
This funding is significant because it allows HeyMilo to enhance its AI-powered hiring platform, making recruitment faster, smarter, and more efficient. With $2.2 million in seed investment, the company can improve its technology, expand its team, and reach more businesses struggling with high-volume hiring.
By automating the initial interview and screening process, HeyMilo helps companies save time and identify the best candidates without overwhelming recruiters. The funding also validates the growing demand for AI-driven recruitment solutions, positioning HeyMilo as a key player in transforming how companies find and hire talent at scale.
How Will the Funds Be Used?
HeyMilo will use the funds to improve its AI-powered hiring platform, expand its team, and grow its customer base. The company plans to enhance its technology by making AI interviews more adaptive, accurate, and capable of handling different languages and communication channels. Additionally, HeyMilo will hire more employees to support product development and customer service.
Another key focus will be scaling its reach to staffing agencies, BPOs, and businesses that need efficient hiring solutions. By investing in these areas, HeyMilo aims to streamline recruitment, making it faster and more accessible for companies handling high-volume hiring.
Founders’ Perspective
HeyMilo’s founders, Sabashan Ragavan and Ramie Raufdeen, believe that AI can revolutionize the hiring process by making it faster, fairer, and more efficient. They see HeyMilo as a solution to the challenges recruiters face when screening a high volume of applicants.
With AI-powered automation, HeyMilo ensures companies can efficiently assess and hire the best talent, making recruitment more effective for both businesses and job seekers.
Key Takeaways
- HeyMilo Secured $2.2 Million in Funding – The seed round, led by Canaan Partners with support from Alumni Ventures and Entrepreneurs Roundtable Accelerator, highlights investor confidence in AI-driven hiring solutions.
- AI is Transforming Recruitment – HeyMilo automates candidate screening using AI agents, helping companies streamline hiring while maintaining quality and fairness.
- Funding Will Drive Growth – The investment will be used to enhance AI capabilities, expand the team, and scale customer acquisition efforts.
- Founders’ Vision for the Future – Co-founders Sabashan Ragavan and Ramie Raufdeen see HeyMilo as a game-changer, allowing businesses to screen candidates efficiently and fairly.
- Addressing High-Volume Hiring Challenges – HeyMilo ensures that companies, especially staffing agencies and BPOs, can handle large applicant pools without overwhelming recruiters, making hiring faster and more inclusive.
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Conclusion
HeyMilo is set to revolutionize the hiring process with its AI-powered candidate screening platform. With the $2.2 million funding, the company plans to enhance its technology, expand its team, and grow its customer base. Future plans include improving AI-driven interviews, supporting multiple languages, and integrating with more applicant tracking systems.
By automating early-stage hiring, HeyMilo aims to help businesses, especially staffing agencies and BPOs, find the best candidates quickly and efficiently. As recruitment continues to evolve, HeyMilo is committed to making hiring smarter, fairer, and more scalable, shaping the future of AI-driven talent acquisition.
Faster, Fairer, and Smarter Hiring Awaits! Explore HeyMilo’s AI-driven recruitment.
