Velents AI Secures Funding Round

Velents AI Secures Funding Round

Velents AI, a Saudi Arabia-based SaaS provider, has secured a funding round.

The investment was from Women Collective.

The company will use the funds to propel its mission to innovate and lead in transforming workplace dynamics and efficiency.

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