# SonicJobs App

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sonicjobs-app

- Industry: Software
- Headquarters: London, UK
- Website: www.sonicjobs.com
- Total disclosed funding: $6M
- Latest round: Series A (Sep 21, 2021)
- Investors on record: 3

## About

SonicJobs App Ltd is a pioneering technology company that enhances the job application experience through its AI-driven platform, streamlining processes for job seekers and employers alike.Founded in 2017, SonicJobs App Ltd is based in London, UK, and specializes in providing an AI-driven platform that simplifies job applications. The company has not undergone significant strategic pivots and maintains its focus on enhancing the recruitment process using technology. The founders are Mikhil Raja and Sampa Bhasin, with Mikhil Raja serving as the CEO. In September 2021, SonicJobs secured GBP 4.42 million in a Series A funding round, co-led by TMT Investments, Triple Point Ventures, and Ufi Ventures, marking a significant milestone in its financial growth. The total amount raised to date is GBP 4.42 million, with a current company valuation of GBP 15.719 million.SonicJobs offers an advanced AI-driven platform designed to streamline the job application process for users looking to apply for positions across various websites. Their core product, the AI Agent technology, employs proprietary Computer Vision and Natural Language Understanding models to autonomously interpret job application web pages, handle diverse input controls, and facilitate seamless interactions without requiring candidates to navigate away from the application process. This technology aims to tackle significant pain points in the job application journey, where candidates frequently experience frustration, leading to high drop-off rates. SonicJobs primarily serves job seekers and corporate clients across multiple geographical markets, including the United States, United Kingdom, and select countries in Europe, solidifying its presence in the highly fragmented jobs vertical. The end users of SonicJobs’ services encompass both individuals seeking employment and companies aiming to optimize their recruitment processes, thereby improving overall hiring efficiency.SonicJobs generated revenue of GBP 669.2 million in its most recent financial year, which concluded in 2017. The company reported an EBITDA of GBP -303,143.4 for the same year, indicating its operational performance during that period. SonicJobs follows a business model that emphasizes partnerships with employers and organizations utilizing its AI Agent technology for their recruitment needs. These partnerships typically involve subscription agreements where companies pay to integrate SonicJobs’ AI capabilities into their applicant tracking systems, enhancing their job application workflows. The structure of these partnerships allows for a direct-to-client relationship, facilitating ongoing support and updates in the AI technology provided.In September 2021, SonicJobs App Ltd raised GBP 4.42 million in Series A funding, co-led by new investors Triple Point Ventures, TMT Investments, and Ufi Ventures. The funding will be utilized to accelerate efforts to modernize its platform. The company is focused on enhancing its existing offerings and potentially launching new products aimed at improving the job application experience. SonicJobs plans to expand its market presence, targeting additional regions and sectors within the recruitment industry, although specific details on geographic expansion targets or new product launches have not been disclosed.

## Funding rounds

- Series A, Sep 21, 2021, $6M — TMT Investments, Triple Point Investment Management, Ufi Ventures

## Investors

- TMT Investments (https://capitalatlas.ai/funds/tmt-investments) — Series A
- Triple Point Investment Management (https://capitalatlas.ai/funds/triple-point-investment-management) — Series A
- Ufi Ventures (https://capitalatlas.ai/funds/ufi-ventures) — Series A