Filtered, a hiring platform for engineering and technology talent, announced $7 million in strategic seed funding from the AI Fund and Silicon Valley Data Capital. Bootstrapped to this point, Filtered’s sales have increased 300% year over year.
The funding will support building new features and expanding its remote team.
Founded in 2018, the Boston-based startup provides skills-based interviewing, testing and assessing candidates in real-world work samples. It also uses AI to help detect fraud. It is led by CEO and co-founder Paul Bilodeau.
Filtered claims its hiring platform reduces cost per hire by $36,000, rejected offers by 20%, undetected fraud by 28% and time to fill open positions by 30 days while increasing the interview-to-hire rate by 56%. It has more than 1,000 clients including Delta, Bayer, Redfin, Cigna, Coca-Cola, Quicken Loans, TransUnion, Georgia Pacific, Enterprise Holdings and Informatica.
Filtered’s product is interesting as it could help shake up hiring for technical roles for startups, a system that is rife with bias and wasted time, TechCrunch reported.
“By creating an unmatched hiring experience that both candidates and companies love, we’re working to introduce Filtered to even more businesses that are struggling to staff as they digitally transform,” Bilodeau said. “As we continue to enhance the platform, including being the first to focus on critical modern, emerging technologies like Cloud and DevOps staples like Docker, Kubernetes and others, we will continue to release innovative features tailor-made for our clients’ challenges. Filtered is redefining the relationship between candidates and hiring companies.”