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.