Velents AI, a Saudi Arabia-based SaaS provider, has secured a funding round.
Investors
The investment was from Women Collective.
Velents AI Use of Funds
The company will use the funds to propel its mission to innovate and lead in transforming workplace dynamics and efficiency.
About Velents AI
Founded in 2020 by Abdulaziz Almuhaydib and Mohamed Gaber, Velents provides an AI-powered SaaS platform that automates the hiring process to mitigate bias and cut hiring costs. Their flagship product, Velents Hiring, is designed to optimize the recruitment process, helping organizations find the best talent efficiently. By integrating AI technology into HR processes, Velents AI aims to streamline hiring, improve decision-making, and boost overall organizational performance.
Funding Details
Company: Velents AI
Raised: Undisclosed
Round: Unknown
Funding Month: July 2024
Investors: Women Collective
Company website: https://www.velents.com/
Software Category: Hiring and Assessment
Source: https://www.wamda.com/2024/07/velents-ai-secures-investment-women-collective