Canditech raises $9 million Seed round to help companies assess job candidates
Canditech raises $9 million Seed round to help companies assess job candidates
The Israeli startup’s platform allows hiring managers to tailor simulations to their specific roles and at the same time, candidates are given the opportunity to "sample" the positions
Israeli startup Canditech, which has developed a platform to help companies assess job candidates through an online job-simulation platform, announced on Thursday that it has raised $9 million in Seed funding led by global software investor Insight Partners and StageOne Ventures.
Co-founded in 2019 by Guy Barel, Knaan Braz, and Nir Dovrat, Canditech provides companies with work-sample tests that are tailor-made to simulate any position within the company. The platform allows hiring managers to tailor simulations to their specific roles and at the same time, candidates are given the opportunity to "sample" the positions at an early stage in the process, which reduces the chances for poor hiring decisions and turnover.
“Anyone can write a CV that looks great for a certain role, but only a handful will actually excel in the job,” said Barel, CEO, and Dovrat, President and CTO. “Relying primarily on CVs in the initial screening processes rather than on the candidate’s qualities and potential, causes organizations to overlook excellent candidates and fall short on recruitment and diversity goals. We believe that an individual’s true skills and their potential to succeed at the role should be prioritized rather than what’s listed on their CV.”
