HeyMilo, a New York, NY-based AI-powered candidate screening platform, has raised $2.2 million in seed funding.
Investors
The round was led by Canaan Partners, with participation from Alumni Ventures and Entrepreneurs Roundtable Accelerator.
Canaan Partners is an early-stage venture capital firm that invests in entrepreneurs with visionary ideas. Founded in 1987, Canaan Partners primarily invests in early-stage companies within the technology, healthcare, and fintech sectors, focusing on supporting startups with strong potential for growth and innovation.
HeyMilo Use of Funds
The company will use the funding to accelerate product development, expand the team, and scale customer acquisition efforts.
About HeyMilo
Founded by Sabashan Ragavan and Ramie Raufdeen, HeyMilo provides an AI-powered candidate screening platform designed to streamline the recruitment process for staffing agencies, BPOs, and other high-volume hiring organizations. The company utilizes AI agents to automate the initial interview and candidate screening processes, enabling companies to evaluate candidates at scale without sacrificing quality. HeyMilo leverages advancements in AI, including large language models (LLMs) and speech-to-text technology, to help companies find the best talent faster, smarter, and more inclusively.
Funding Details
Company: HeyMilo
Raised: $2.2M
Round: Seed
Funding Date: March 2025
Lead Investor: Canaan Partners
Additional Investors: Alumni Ventures, Entrepreneurs Roundtable Accelerator
Company Website: https://www.heymilo.ai/
Software Category: Recruitment, AI-powered Candidate Screening
Source: https://www.prnewswire.com/news-releases/heymilo-secures-2-2-million-to-interview-and-evaluate-candidates-at-scale-with-ai-agents-302389651.html