# Mya Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mya-systems

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.hiremya.com
- Total disclosed funding: $49M
- Latest round: Series C (Mar 19, 2020)
- Investors on record: 5

## About

Mya Systems, Inc. offers advanced recruitment solutions that leverage artificial intelligence to efficiently connect employers with candidates, streamlining the hiring process for technical and niche roles across various industries.Founded in 2012 and headquartered in San Francisco, US, Mya Systems, Inc. specializes in recruitment technology that enhances the hiring process. Led by CEO Eyal Grayevsky, the company has engaged in a total of 7 deals, with its most recent funding round being a Series C in May 2021, where they raised USD 18.750 mn led by Notion Capital, along with participation from Cisco Investments, Emergence Capital Partners, Foundation Capital, and Workday Ventures. In May 2021, StepStone ASA agreed to acquire Mya Systems, Inc. from its investors, further indicating its strategic growth trajectory.Mya Systems specializes in innovative recruitment solutions designed to streamline the hiring process for both employers and job seekers. Their core offerings include advanced matching technology that utilizes artificial intelligence to connect employers with suitable candidates based on nuanced skill sets, experiences, and cultural fit. These services are specifically targeted at companies looking to fill technical and niche roles, addressing the common challenges of inefficient hiring practices and the high costs associated with unfilled positions. Mya Systems serves a diverse clientele across various industries, including technology, healthcare, and finance, with an emphasis on markets in North America and Europe. Their solutions have been operational since their inception, enhancing the recruitment landscape by improving the speed and quality of candidate placement.Mya Systems generates revenue through a combination of subscription-based models and partnership agreements with organizations seeking to optimize their hiring processes. Clients typically engage in annual subscriptions that provide access to Mya’s proprietary platform, enabling them to post job openings, utilize candidate matching features, and access analytics on hiring metrics. In addition to subscriptions, the company collaborates with recruitment agencies and corporate partners to offer tailored solutions that meet specific hiring demands. While precise pricing details for their offerings are not disclosed, the services are positioned to provide significant value to companies aiming to enhance their talent acquisition strategies. This structured approach to transactions ensures that Mya Systems remains a pivotal player in the recruitment technology sector.Mya Systems plans to leverage recent funding to support the development of new product features and expand into additional markets. Specific upcoming product enhancements are currently in the design phase, with aspirations to launch these features within the next year. The company aims to further penetrate markets in Europe and Asia by the end of 2022, utilizing the recent financing to bolster operations and marketing efforts in these regions. This strategic direction follows their most recent deal in May 2021, which highlights an ongoing commitment to growth and innovation in recruitment technology.

## Funding rounds

- Series C, Mar 19, 2020, $19M — Foundation Capital, Emergence Capital, Notion Capital, Cisco Investments, Workday Ventures
- Series B, Oct 16, 2017, $19M — Foundation Capital, Emergence Capital
- Series A, May 10, 2017, $11M — Emergence Capital

## Investors

- Emergence Capital (https://capitalatlas.ai/funds/emergence-capital) — Series A, Series B, Series C
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series B, Series C
- Notion Capital (https://capitalatlas.ai/funds/notion-capital) — Series C
- Cisco Investments (https://capitalatlas.ai/funds/cisco-investments) — Series C
- Workday Ventures (https://capitalatlas.ai/funds/workday-ventures) — Series C