Humanly, a Seattle startup that specializes in helping companies automate their recruiting functions, recently acquired Teamable, a San Francisco-based startup with similar AI-boosted HR tools. The terms of the deal have not been disclosed, but Humanly CEO Prem Kumar has expressed excitement about the acquisition, stating that it will redefine talent acquisition by providing customers with the tools they need to find, engage, and convert the best candidates efficiently. Teamable CEO Matthew Raymond will be joining Humanly as vice president of product, bringing his expertise in the field to the team. With this acquisition, Humanly is set to have just under 50 employees, giving them a strong foundation for growth and innovation in the recruiting industry.
Teamable, which was founded in 2017 and was previously led by Justin Palmer, will now bring its technology and expertise to Humanly, further enhancing the capabilities of the Seattle startup. Humanly’s customers currently use the platform to screen job candidates, schedule interviews, automate initial communication, run reference checks, and more. This acquisition comes almost a year after Humanly raised $12 million in funding, positioning the company as a key player in the recruitment technology space. By combining forces with Teamable, Humanly aims to offer a comprehensive suite of tools that streamline the hiring process for businesses of all sizes.
The acquisition of Teamable by Humanly comes at a time when some recruiting companies are facing challenges due to the tech downturn that began in 2022. Jobs site Indeed recently laid off 8% of its workforce, and Seattle startup SeekOut also had to make staff reductions. Despite these challenges, Humanly is focusing on growth and innovation in the industry, leveraging its technology and expertise to provide solutions that meet the evolving needs of businesses in the digital age. By investing in AI-driven tools and automation, Humanly aims to help companies navigate the recruitment process more efficiently and effectively, improving the overall experience for both employers and job seekers.
With Teamable’s acquisition, Humanly is expanding its offerings in the HR technology space, providing a comprehensive solution for businesses looking to optimize their recruiting processes. By combining the strengths of both companies, Humanly is well-positioned to address the increasing demand for AI-driven tools in talent acquisition. The addition of Teamable’s technology and talent will further enhance Humanly’s capabilities, allowing them to provide a wider range of services to their customers. This acquisition reflects Humanly’s commitment to innovation and growth, as they strive to lead the way in transforming the recruitment industry through technology and automation.
Humanly’s CEO Prem Kumar expressed enthusiasm about the acquisition, highlighting the potential for the combined company to revolutionize how businesses approach talent acquisition. By offering a seamless and efficient recruitment process, Humanly aims to help companies find and engage the best candidates quickly and effectively. With Teamable’s technology now integrated into their platform, Humanly is well-equipped to meet the evolving needs of businesses in the digital age. By leveraging AI-driven tools and automation, Humanly is leading the way in redefining talent acquisition, setting a new standard for efficiency and effectiveness in the industry.
Overall, the acquisition of Teamable by Humanly represents a strategic move for the Seattle-based startup as it looks to expand its capabilities and strengthen its position in the HR technology space. With the addition of Teamable’s technology and talent, Humanly is poised for continued growth and success in the competitive recruitment industry. By offering a comprehensive suite of AI-driven tools and automation, Humanly is well-equipped to meet the needs of businesses looking to streamline their hiring processes and find the best talent. As the company continues to innovate and develop new solutions, Humanly is well-positioned to lead the way in transforming the recruitment industry through technology and automation.
