# Altru Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/altru-labs

- Industry: Software
- Headquarters: New York, US
- Website: www.altrulabs.com
- Total disclosed funding: $1.3M
- Latest round: Series A (Jun 7, 2018)
- Investors on record: 3

## About

Altru Labs Inc. is a New York-based company specializing in innovative talent acquisition solutions that enhance recruitment processes for organizations across various sectors.Founded in 2017 in New York, Altru Labs Inc. focuses on providing advanced digital recruitment solutions. The company was acquired by iCIMS, Inc. on December 14, 2020, for USD 60 mn, a strategic move to expand iCIMS's market reach. The founders, Adam Devine and Colin Day, have substantial experience in the HR tech industry, with Adam Devine currently serving as CEO.Altru Labs provides a suite of talent acquisition solutions aimed at improving hiring efficiency for organizations. Their flagship product, the iCIMS Talent Cloud, features a configurable Applicant Tracking System (ATS) for automating candidate sourcing and recruitment workflows. The company targets diverse sectors, including retail, healthcare, finance, and manufacturing, and primarily markets its services in North America and Europe, with an expanding footprint in Asia-Pacific.Altru Labs operates on a subscription-based revenue model, allowing clients continuous access to its recruitment solutions. Clients engage in annual or multi-year agreements, benefiting from tools like iCIMS Hire and iCIMS Engage. The pricing structure is flexible, catering to businesses of all sizes to enhance their hiring capabilities.Following the acquisition by iCIMS, Inc., Altru Labs plans to leverage the USD 60 mn investment to enhance its talent acquisition technology further. The company will focus on rolling out new product features and exploring strategic partnerships to increase its market presence. The rapid expansion into the Asia-Pacific region is also a targeted initiative, with specific plans for market entry by 2022.

## Funding rounds

- Series A, Jun 7, 2018, $1.3M — Techstars, Birchmere, Active Capital

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Series A
- Birchmere (https://capitalatlas.ai/funds/birchmere) — Series A
- Active Capital (https://capitalatlas.ai/funds/active-capital) — Series A