March 4, 2025
US-based HRTech startup HeyMilo raises $2.2M in Seed funding to Enhance AI-Driven Hiring Solutions
New York City, United States –
HeyMilo, a provider of AI-powered candidate screening solutions, has secured $2.2M in a Seed funding round led by Canaan Partners, with participation from Alumni Ventures and Entrepreneurs Roundtable Accelerator (ERA). The funding, announced on March 3, 2025, will support the company's expansion and product development initiatives.
About the company
Founded in 2023 by Sabashan Ragavan and Ramie Raufdeen, HeyMilo is revolutionizing the hiring process with its AI-driven platform that automates initial candidate screening. The company’s technology enables businesses to efficiently evaluate applicants without compromising quality or accuracy. By leveraging AI-powered interviews, follow-up questions, and analytical insights, the platform helps hiring teams identify top talent faster and at a reduced cost.
Key Features of HeyMilo’s AI Platform:
- AI Agent Builder: Reads job descriptions from applicant tracking systems (ATS) and creates dynamic interviews tailored to various engagement channels, including voice, video, phone, and SMS.
- AI Agent Interviewer: Conducts initial screening using “knockout” questions and follows up with adaptive voice or video interviews to assess candidates' qualifications and cultural fit.
- Interview Analysis: Transcribes, scores, and analyzes responses, providing actionable insights that integrate seamlessly into an ATS.
Purpose of financing
With the newly secured funding, HeyMilo plans to enhance its AI capabilities, scale its operations, and expand its customer base. The company aims to refine its interview automation features and develop additional integrations with HR and recruitment platforms.
CEO’s Insights
Sabashan Ragavan, Co-founder of HeyMilo, stated:
“We are excited to have the support of Canaan Partners, Alumni Ventures, and ERA as we continue to redefine how companies approach hiring. This investment will accelerate our mission to make hiring more efficient, fair, and data-driven.”
Investor Perspective
Rayfe Gaspar-Asaoka, partner at Canaan, commented:
"Great companies are built on great people, but the hiring process hasn't kept up with the speed of modern business. HeyMilo is changing that. By bringing AI-powered agents into recruiting, they're making it possible to connect with more candidates, faster, without sacrificing quality, fairness, or the personal touch."
Conclusion
HeyMilo’s AI-driven hiring solution is poised to address inefficiencies in recruitment, helping businesses streamline candidate evaluation and make more informed hiring decisions. With its fresh funding, the company is well-positioned to scale its impact in the HR tech landscape.
For updates, visit HeyMilo on LinkedIn.