Mount Pleasant-based Engage Talent, an artificial intelligence software company that helps firms find and engage job candidates, has raised $3 million in funding.
Investors include Revolution’s Rise of the Rest Seed Fund, created by AOL co-founder Steve Case, as well as Cincinnati-based venture capital firm Refinery Ventures and Grand Rapids, Mich.-based investment firm Grand Ventures.
Case visited Charleston in 2015 as part of his Rise of the Rest bus tour, which involves visiting U.S. cities with emerging tech sectors and investing in startups. Charleston-based Bidr, a fundraising platform, won $100,000 from Case’s venture capital fund at a pitch competition during the visit.
The Rise of the Rest Seed Fund makes investments in startups throughout the country outside of the typical investment-laden regions like Silicon Valley and Boston. The fund makes at least 20 investments a year, according to its website.
“Engage is a great example of the type of company we are looking to invest in — it’s in an emerging ecosystem and using innovative technology to solve a pressing, real-world problem,” said J.D. Vance, Rise of the Rest managing partner. “Its technology has tremendous potential for helping employers recruit and hire more successfully.”
Engage, previously named Job Market Maker, rebranded in late 2016. Its software platform uses data-driven findings to highlight in-demand candidates.
The company said it will use the money to further develop its predictive recruiting technologies and to hire more employees for its science, research and development, and success teams.
“While we’re proud of what we’ve accomplished, we’re eager to use this new funding to accelerate our progress in enhancing and refining our AI recruiting technology,” Engage CEO Joseph Hanna said.