# HireVue

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

- Industry: Software
- Headquarters: South Jordan, US
- Website: www.hirevue.com
- Total disclosed funding: $93M
- Latest round: Series E (Apr 29, 2015)
- Investors on record: 9

## About

HireVue is a technology company that enhances recruitment through an AI-driven platform, specializing in skill validation, intelligent interviewing, and automated talent engagement.Founded in 2004 and headquartered in South Jordan, US, HireVue provides an innovative platform aimed at improving the hiring process. In September 2019, Carlyle Group acquired a majority stake in HireVue from previous investors including Technology Crossover Ventures and Sequoia Capital, while they retained minority stakes. The company has raised USD 45.00 mn through its latest funding round, Series E, which took place on September 3, 2019, led by TCV. The total amount raised by HireVue is USD 45.00 mn, with a current valuation of USD 257.51 mn. CEO Jeremy Friedman leads the company.HireVue offers an AI-powered platform designed to enhance the hiring process through skill validation, intelligent interviewing, and automated talent engagement. The core product suite includes Virtual Job Tryouts, allowing candidates to demonstrate their skills in real-world scenarios, and AI-driven assessments evaluating both technical competencies and soft skills. These offerings cater to various sectors, including corporate recruitment, campus hiring, and internal mobility, serving a diverse clientele from small businesses to large enterprises. HireVue's solutions streamline hiring processes by enabling self-scheduling, reducing bias, and providing data-driven insights to match candidates with suitable roles. The platform's global reach is supported by multilingual capabilities, catering to candidates and companies worldwide.HireVue's revenue model primarily revolves around subscription-based services, where clients pay for access to the platform and its tailored features. Transactions typically occur between HireVue and its clients, including corporations and educational institutions, establishing a B2B dynamic. The company provides various pricing plans based on the products and services utilized, ensuring flexibility for different organizational sizes and requirements. Key offerings include Virtual Job Tryouts and AI-powered assessment tools, which facilitate efficient candidate evaluation and selection, enabling clients to optimize their hiring processes and foster stronger candidate relationships.Following its acquisition by Carlyle Group in October 2019, HireVue plans to leverage its recent funding to enhance its product offerings and expand into new markets. The company aims to design and launch innovative products to further automate and refine the hiring process. Specific markets targeted for expansion include Europe and Asia by 2025, enhancing its geographical footprint and service capabilities. Recent funding will support these initiatives, ensuring that HireVue remains competitive in the evolving recruitment technology landscape.

## Funding rounds

- Series E, Apr 29, 2015, $45M — Hong Shan, TCV, Peterson Partners, Granite Ventures, Patricia Industries, Rose Park Advisors
- Series D, Oct 2, 2013, $25M — Hong Shan, Granite Ventures, Patricia Industries, Kickstart, JCP Capital
- Series C, Aug 30, 2012, $17M — Peterson Partners, Granite Ventures, Patricia Industries, Wilson Sonsini Goodrich & Rosati, Rose Park Advisors
- Series B, Jul 2, 2010, $5M — Peterson Partners, Granite Ventures, JCP Capital
- Series A, Sep 30, 2009, $1M — Peterson Partners

## Investors

- Peterson Partners (https://capitalatlas.ai/funds/peterson-partners) — Series A, Series B, Series C, Series E
- Granite Ventures (https://capitalatlas.ai/funds/granite-ventures) — Series B, Series C, Series D, Series E
- JCP Capital (https://capitalatlas.ai/funds/jcp-capital) — Series B, Series D
- Patricia Industries (https://capitalatlas.ai/funds/patricia-industries) — Series C, Series D, Series E
- Wilson Sonsini Goodrich & Rosati — Series C
- Rose Park Advisors (https://capitalatlas.ai/funds/rose-park-advisors) — Series C, Series E
- Hong Shan — Series D, Series E
- Kickstart (https://capitalatlas.ai/funds/kickstart) — Series D
- TCV (https://capitalatlas.ai/funds/tcv) — Series E