untapt

others

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 08/09/2020

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About

untapt is redefining tech hiring. It’s a talent marketplace that connects technology professionals with the companies that need them. Behind the scenes, untapt uses AI to match the skills and goals of candidates with the wants and needs of managers. The platform learns from every decision, so it gets better and better at predicting the right fit. The platform specializes in technology roles in FinTech and Financial Services in the US, with plans to scale to all tech hiring globally. There are 30,000 technologists and 80 companies signed up, ranging from early stage FinTech startups, to Hedge Funds, to global financial institutions. The platform can also be used to promote internal mobility within an enterprise. It allows employees to explore job openings inside the company, encouraging career advancement and improving retention. It enables firms to position their workforce for the future, by understanding the skills they have and the skills they need.

Focus

PRODUCTS & SERVICES

untapt: connecting talented software developers with the companies that need them, driven by Artificial Intelligence, specialized in FinTech and Financial Services. untaptX: internal mobility platform, enabling employees to progress their careers within your company driven by Artificial Intelligence. Reduce attrition, increase engagement, and better understand the skills you have and the skills you need.

REVENUE MODEL

Companies pay annual subscription for unlimited hiring against a fixed number of slots.

PRIMARY PROBLEM SOLVED

Hiring technology people is incredibly painful in FinTech and Financial Services -- both for hiring managers and technologists alike. Our AI makes it efficient and satisfying for both sides by finding the right match.

Traction

ACTIVE USERS:

30,000

People

FOUNDERS

Ed Donner

Geoff Massam

NUMBER OF EMPLOYEES

11-50

Momentum

FUNDED

NO

DATE OF LAST FUNDING

Nov 2016

LISTED

NO

Innovation Programs

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untapt

About

untapt is redefining tech hiring. It’s a talent marketplace that connects technology professionals with the companies that need them. Behind the scenes, untapt uses AI to match the skills and goals of candidates with the wants and needs of managers. The platform learns from every decision, so it gets better and better at predicting the right fit. The platform specializes in technology roles in FinTech and Financial Services in the US, with plans to scale to all tech hiring globally. There are 30,000 technologists and 80 companies signed up, ranging from early stage FinTech startups, to Hedge Funds, to global financial institutions. The platform can also be used to promote internal mobility within an enterprise. It allows employees to explore job openings inside the company, encouraging career advancement and improving retention. It enables firms to position their workforce for the future, by understanding the skills they have and the skills they need.

Focus

PRODUCTS & SERVICES

untapt: connecting talented software developers with the companies that need them, driven by Artificial Intelligence, specialized in FinTech and Financial Services. untaptX: internal mobility platform, enabling employees to progress their careers within your company driven by Artificial Intelligence. Reduce attrition, increase engagement, and better understand the skills you have and the skills you need.

REVENUE MODEL

Companies pay annual subscription for unlimited hiring against a fixed number of slots.

TOP PROBLEM SOLVED

Hiring technology people is incredibly painful in FinTech and Financial Services -- both for hiring managers and technologists alike. Our AI makes it efficient and satisfying for both sides by finding the right match.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRODUCT DEVELOPMENT COMMENT

Product went live Feb 2015; there are 30,000 candidates and 80 hiring companies. See product features in this Fast Company write-up: https://www.fastcompany.com/3067339/robot-revolution/how-artificial-intelligence-is-changing-the-way-companies-hire

KEY DIFFERENTIATORS

Artificial Intelligence driven model is able to match both sides of the market at a level of precision that far exceeds the industry. Managers ask to interview on average 40% of candidates we send them.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Small And Medium Business - Other

Consumer

PRODUCT ATTRIBUTES

SaaS

On-premises

Traction

ACTIVE USERS/ACCOUNTS:

30,000 Million

LIVE USERS/TRANSACTIONS:

Yes, in live production

CHANNEL STATUS

INITIAL CLIENTS

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed
Nov 2016
USD6.3 M
Comment on Seed
This financing was raised over multiple seed rounds. SenaHill Partners Pivot Investment Partners Tsai Capital WorldQuant Ventures