Australian-Based Sapia.ai Raises $17 Million In Series A Funding
Building on the continuing success of its AI solution in delivering diversity and inclusion in hiring, Sapia.ai today announced a $17 million Series A raise led by Macquarie Capital and Woolworths Group’s W23 venture capital arm.
Dan Phillips, the co-founder of Macquarie Capital’s Venture Capital business, said that his team was impressed and excited by the technology solution that Sapai.ai has created and how it is using AI to provide a better way for companies to approach and solve diversity and inclusion. “We’ve all been talking about the value of diversity for some time, but many companies are still not equipped to bring about real change. This is primarily because we fail to acknowledge our human biases,” Phillips said.
Barb Hyman, Sapia.ai founder, and CEO said, “Our customers are seeing extraordinary results – and seeing them fast. “We give them data and insights that let them track fairness and bias in their decisions across the employment journey.”
“I’m excited to have Macquarie and Woolworths investing in our technology; it’s an incredible validation for my team, who have been committed to our mission from the get-go, and we can’t wait to open our technology to new markets,” Hyman said.
Sapia is focused on helping companies unlock and engage talent at scale. With its blind, automated chat interview and comprehensive DEI analytics platform, Sapia’s technology is the first solution of its kind to disrupt biases that affect traditional recruitment processes, delivering fair outcomes for candidates and companies.