Singapore-based AI startup, impress.ai has closed a $1.2 million seed round led by venture builder, Reapra, the company announced. The company plans to use the proceeds to fund market expansion plans, enhance its product, and create chatbots which speak Mandarin and Japanese. impress.ai is building an AI powered chatbot platform for recruiters. Their conversational bots autonomously interviews and shortlists candidates 24/7, and promises to do so more quickly and objectively. impress.ai’s clients include DBS Bank, NTUC Income, and Singtel – all companies which receive high volumes of job applications. Sudhanshu Ahuja, CEO and co-founder of impress.ai said, “Many businesses acknowledge that the early stages of the hiring process are where good candidates drop out of the recruitment funnel. Using virtual recruitment chatbots is one way to overcome this; chatbots can immediately launch into interacting with candidates with endless enthusiasm. impress.ai uses deep learning algorithms to make sense of an applicant’s answers and respond in an accurate, realistic way. In addition to AI and machine learning, the platform combines principles of I/O psychology to evaluate candidates based on their competency level and domain expertise.” impress.ai also intends to embark on its Series A round in the next few months to bring in additional capital which would enable the Singaporean company to expand globally.
Read more at: https://www.dealstreetasia.com/stories/singapore-ai-startup-impress-ai-closes-1-2m-seed-round-led-by-reapra-107620/