KSA Business: Elevatus announces $10.5m Series A funding – Gulf Digital News

KSA Business: Elevatus announces $10.5m Series A funding – Gulf Digital News

Elevatus, a Saudi-based technology company with industry-leading video interviewing and recruitment software for the HR sector, has completed a $10.5 million, Series A fundraise.

The funding round was co-led by Global Ventures – a leading MEA-focused venture capital firm – and Wa’ed Ventures – the venture capital arm of Aramco. An additional investor was otf Jasoor Ventures.

With this capital injection, the HR tech provider aims to accelerate its business expansion and expand its market share. It also strives to broaden its reach by entering new markets, investing in product innovation, and propelling the advancement of HR tech. Launched in 2019, and led by co-founders Yara Burgan, Yacoub Zureikat, and Yanal Kashou – Elevatus’ next-generation AI technology streamlines the full hiring process. This enables companies to centralise core recruitment functions in one place, tackle their biggest hiring challenges, and recruit dependable top talent in less time.

Go-to solution

Elevatus has rapidly become the go-to solution for over 150 companies including blue-chip brands such as Samsung, RE/MAX, Omantel, Arab Bank, Dr Suleiman Al-Habib Medical Group, Virgin Mobile, King Abdullah University of Science & Technology, and STC Academy. It has also integrated its technology with world-class technology providers such as SAP, Oracle, Zoom, Slack, DocuSign, Google