Pymetrics raises $40 million for AI-powered job recruitment

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Pymetrics today announced it has raised $40 million to expand its work using a combination of neuroscience and artificial intelligence to help companies recruit the right job candidates. The funding will allow Pymetrics to continue its product development and expansion in markets outside the United States. More than 60 companies use Pymetrics in their hiring practices today, including Unilever, Hyatt, and Accenture. In some instances, companies using Pymetrics have seen a 20 percent increase in the diversity of hires and a 65 percent increase in retention rates. The $40 million funding round was led by General Atlantic, with participation from Salesforce Ventures and Workday Ventures, as well as existing investors Jazz Venture Partners and Khosla Ventures.

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