Paris-based startup Whoz has raised €25m ($28m) from American fund PSG Equity in a bid to double its headcount by the end of the year. The recruitment and talent management software company, which uses artificial intelligence, aims to boost its workforce from 50 to 110 people, with a focus on R&D, marketing, sales and customer relations. The company, which was launched in 2016 by Jean-Philippe Couturier, also provides software as a service (SaaS) solutions for skills mapping, team-building, scheduling and skills gap analysis. PSG Equity, which is based in New York, invests in companies in the fields of technology, media and telecommunications.
2CFinance, an independent financial advisory firm, provided assistance to Whoz with the fundraising. The Paris-based firm has developed software that can be used for budgeting, forecasting, and financial reporting. The company offers a range of services, including corporate finance, mergers and acquisitions, and financial advisory services.
Whoz is one of a number of start-ups that are leveraging artificial intelligence to improve recruitment processes. The company's software is designed to help companies to identify the most suitable candidates for their vacancies, by analyzing job descriptions and candidate profiles. The platform can also be used to manage the recruitment process, from advertising vacancies to onboarding new hires.
The funding will allow Whoz to continue to develop its software and expand its presence in the market. The company has already established itself as a leading player in the recruitment and talent management space, and the new investment will help to cement its position as a key player in the industry.