The startup company “Valents” in the field of recruitment solutions, specializing in Saudi Arabia, has secured funding from an investment round led by “A15” company, in collaboration with “Nabra’s Capital” and the business incubator at the American University in Cairo, in addition to several local investors. The funding amount has not been disclosed.
Founded in 2020 by Mohammad Jabr and Abdulaziz Al-Muhaydib, Valents focuses on using artificial intelligence technologies to enhance recruitment processes. The company relies on AI technologies for CV classification, conducting interviews, and evaluating candidates’ language, skills, and coding abilities.
The company states that using these technologies contributes to reducing recruitment costs by up to 80% and increasing the number of annual interviews by 400%.
Mohammad Jabr, the co-founder and CEO of Valents, stated that the recent investment round closure for the company reflects our strong need to eliminate bias from the recruitment process.
He added that we plan to expand in Saudi Arabia and collaborate closely with ministries and the government to contribute to achieving the goals of Vision 2030.
Abdulaziz Al-Muhaydib, co-founder and general manager of Valents, stated that they aim to expand the scope of offering their API to government entities in the Middle East. He added that the company aims to become the preferred recruitment platform for these entities.
According to the company’s statement, they provide a system that tracks applicants and API interfaces to support recruitment platforms in their transition to using artificial intelligence.
The company plans to invest the funds in improving its technologies, user experience, and expanding its services for the business sector, as well as expanding in the Middle East and North Africa region.
