# Ceipal

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ceipal

- Industry: Software
- Headquarters: Rochester, US
- Website: www.ceipal.com
- Total disclosed funding: $17M
- Latest round: Series B (Jun 13, 2022)
- Investors on record: 5

## About

Ceipal Corp. is an innovative provider of AI-driven software solutions tailored for staffing, recruiting, and talent management, helping organizations enhance hiring processes and operational efficiency.Founded in 2011 in Rochester, US, Ceipal Corp. specializes in software solutions for the staffing industry. The company was established by Sameer Penakalapati, who has a history of founding technology-focused companies. Ceipal has raised USD 16.50 mn across four funding rounds, with the most recent being a VENTURE DEBT round of USD 4.50 mn on June 16, 2022.Ceipal provides a comprehensive suite of AI-powered software solutions designed primarily for staffing, recruiting, and talent management professionals. Its core offerings include an Applicant Tracking System (ATS), a Vendor Management System (VMS), and Workforce Management solutions, which collectively enable organizations to streamline their hiring processes, enhance candidate engagement, and improve overall operational efficiency. These products are tailored to meet the needs of various industries, including IT, healthcare, and general staffing, allowing users to quickly find, hire, and onboard top talent. Ceipal's client base consists of staffing agencies, managed service providers, internal corporate recruiting teams, and healthcare organizations, who utilize the platform to optimize their recruitment workflows and manage their talent effectively. The company serves customers across North America, Europe, and Asia, positioning itself as a global provider in the staffing technology market.Ceipal operates primarily on a subscription-based revenue model, where clients pay for access to its software solutions on a recurring basis. Transactions typically involve annual or monthly subscription fees, structured around the specific services utilized, such as the ATS, VMS, or Workforce Management features. Organizations may choose tiered pricing plans based on user numbers or feature breadth, facilitating scalability in line with operational needs. This model ensures steady revenue flow and fosters long-term client relationships as users are incentivized to continue utilizing the platform for enhanced staffing efficiency and effectiveness. Additionally, Ceipal may engage in partnerships with staffing firms and corporate clients, further expanding its market reach and service offerings.In June 2022, Ceipal Corp. raised USD 4.5 mn in VENTURE DEBT funding, part of a larger USD 21 mn debt and equity funding initiative. The company plans to utilize this funding to expand its operations in the US, UK, and India. Ceipal is also reportedly working on launching new features to enhance its product suite, although specific new product release dates have not been disclosed.

## Funding rounds

- Series B, Jun 13, 2022, $17M — Camden Partners, Topmark Partners, Mistral Venture Partners, Resolve Growth Partners, Evergreen Mountain Equity Partners
- Seed, Jan 1, 2018 — Mistral Venture Partners

## Investors

- Mistral Venture Partners (https://capitalatlas.ai/funds/mistral-venture-partners) — Seed, Series B
- Camden Partners (https://capitalatlas.ai/funds/camden-partners) — Series B
- Topmark Partners (https://capitalatlas.ai/funds/topmark-partners) — Series B
- Resolve Growth Partners (https://capitalatlas.ai/funds/resolve-growth-partners) — Series B
- Evergreen Mountain Equity Partners (https://capitalatlas.ai/funds/evergreen-mountain-equity-partners) — Series B