Total amount raised
$21.8 Millions
Latest funding date
07/01/2021
Location
Talview has successfully raised $15 million in funding to enhance its online exam proctoring capabilities, with backing from investors such as Emergent Ventures and Inventus Capital Partners. The platform offers a comprehensive suite of AI-powered solutions for recruiting automation and education technology, including live and asynchronous video interviewing, assessment, and remote proctoring.
Keep reading to explore the intricacies of Talview's fundraising journey and the investors backing this innovative platform.
What Is Talview?
Talview, founded in 2013, is headquartered in San Mateo, California. The company was established by Jobin Jose, Sanjoe Jose, Subramanian Kailasam, and Tom Jose. It operates within the AI, EdTech, enterprise software, human resources, and machine learning industries.
With a workforce of 101-250 employees, Talview offers AI-powered solutions for recruiting automation and education technology. Their platform includes features such as live and asynchronous video interviewing, assessment, and remote proctoring, designed to help clients select high-quality applicants and administer tests securely.
How Much Funding Has Talview Raised?
- Pre-Seed Round
- Amount Raised: $45.7K
- Date: May 24, 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their AI-powered hiring and proctoring solutions.
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: May 1, 2017
- Lead Investors: Emergent Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their initial product offerings and expand their market reach.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: Dec 8, 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources without diluting equity.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: Jun 10, 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue product development and early market penetration.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: Jan 1, 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Series A
- Amount Raised: $6.8M
- Date: Aug 14, 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market presence and improve their AI capabilities.
- Series B
- Amount Raised: $15M
- Date: Jul 29, 2021
- Lead Investors: Eileses Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their online exam proctoring capabilities and expand globally.
Total Amount Raised: $21.8457M
Current Valuation: Not publicly disclosed
Key Investors
- Emergent Ventures
- Details: Emergent Ventures is a Silicon Valley-based VC firm that partners with high-potential entrepreneurs. They focus on the Intelligent Software space.
- Investment Focus Areas: Intelligent Software, Artificial Intelligence, Enterprise Automation, Cloud Infrastructure
- Notable Investments: Talview
- Inventus Capital Partners
- Details: Founded in 2007, Inventus Capital Partners is a venture capital firm with a founder-first philosophy. They have backed nearly 90 founders to date.
- Investment Focus Areas: Early-stage startups, Technology companies
- Notable Investments: Not publicly disclosed
- Storm Ventures
- Details: Storm Ventures is a Silicon Valley-based VC firm focused on building enterprise leaders. They have a strong track record in enterprise software investments.
- Investment Focus Areas: Enterprise software, Building enterprise leaders
- Notable Investments: Algolia, AtScale, Talkdesk
- Eileses Capital
- Details: Eileses Capital is a Silicon Valley investor that focuses on companies improving the way we live, learn, and work. They look for teams with creativity and bold ambition.
- Investment Focus Areas: Improving the way we live, learn, and work
- Notable Investments: Not publicly disclosed
What's Next for Talview?
Talview stands at the cusp of significant growth, driven by the increasing demand for AI-powered hiring and proctoring solutions. With the recent $15 million Series B funding, the company is poised to accelerate the development of its Video AI platform, expand its capabilities, and build extensions for remote-work systems. This expansion is bolstered by partnerships with major corporations like SAP and Microsoft, indicating a substantial market potential.
Future fundraising opportunities appear promising as Talview continues to grow and demonstrate the effectiveness of its solutions. The involvement of prominent investors and the company's recent success in tripling its customer base and doubling its revenue suggest that additional funding rounds could be on the horizon to support further innovation and global expansion.
However, Talview may face challenges such as competition from other AI-powered solution providers, ensuring data privacy and security, and maintaining service quality while scaling operations globally. Navigating these challenges will be crucial as the company aims to solidify its position in the rapidly evolving AI and remote work/learning sectors.
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