InvestmentsTech

A Ukrainian-British AI-based recruiting startup has attracted $500,000 in investment.

Monday, January 8, 2024
A Ukrainian-British AI-based recruiting startup has attracted $500,000 in investment.

With the assistance of the World Bank, the Kazakh venture fund White Hill Capital invested $500,000 in AI recruiting service JobCannon. The company does not disclose its valuation estimate, but it is in the range of $5-$10M.

“Our investor has helped us enter the global market of corporate recruiting, which has long needed a significant reformatting and improvement of the process,” said CEO and co-founder of JobCannon Peter Kolomiets.

JobCannon is a recruiting startup that uses artificial intelligence to match candidates and employers based on candidate skills and abilities. It was founded in 2022 and developed by acquiring a well-known recruiting agency in Israel – Digital Hunters. This allowed the startup to integrate its SaaS product with an established, successful  recruiting agency.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Monday, January 8
EconomyPolitics
Japanese businesses will join Ukraine’s reconstruction.

Japanese businesses will join Ukraine’s reconstruction.

Next post
Monday, January 8
Economy
Global food prices fell by 10.1% in December 2023, compared to the same month in 2022, and by 1.5% compared to November,

Global food prices fell by 10.1% in December 2023, compared to the same month in 2022, and by 1.5% compared to November,

Morning Economic Digest

Straight, factual, timely and investable business news and economic trends from Ukraine, Europe’s next Frontier Economy.

Previous Main Topics

Subscribe