HeyMilo, an AI-powered candidate screening platform, has secured $2.2 million in seed funding, led by Canaan Partners. This investment highlights the increasing demand for AI-driven recruitment solutions that enhance efficiency in talent acquisition. Additional investors include Alumni Ventures and Entrepreneurs Roundtable Accelerator, further reinforcing confidence in HeyMilo’s potential to redefine hiring processes.
HeyMilo’s AI agents streamline the initial interview screening process, allowing companies to evaluate candidates efficiently without compromising accuracy. The platform autonomously conducts tailored interviews, asks insightful follow-up questions, and provides actionable insights—enabling hiring teams to identify top talent quickly and cost-effectively.
“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,” said Rayfe Gaspar-Asaoka, partner at Canaan Partners. “This isn’t just about efficiency – it’s about unlocking opportunities for companies and job seekers alike. We believe HeyMilo is reshaping the future of work, and we’re thrilled to be part of the journey.”
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Addressing a Major Gap in Recruitment
The recruitment technology market is vast, yet traditional screening methods often overlook qualified candidates due to time constraints. HeyMilo addresses this challenge by enabling companies to assess a wider pool of applicants, particularly for high-volume roles.
At the core of HeyMilo’s platform are AI-driven features designed to solve key pain points in recruitment:
- AI Agent Builder: Integrates with a company’s applicant tracking system (ATS) to generate dynamic interview questions across multiple channels, including voice, video, phone, and SMS, tailored to specific screening criteria.
- AI Agent Interviewer: Conducts adaptive interviews, screening candidates with knockout questions and assessing skills and job fit through voice and video interactions.
- Interview Analysis: Transcribes and scores responses, offering actionable insights that enable data-driven hiring decisions within existing ATS platforms.
“HeyMilo allows staffing and recruiting agencies, BPOs, and other high-volume hiring organizations to scale their recruitment team infinitely. They can view HeyMilo as their candidate interview orchestrator, effectively identifying top candidates in hours, not weeks. We’ve seen AI agents take over the market in various industries like call centers and within sales organizations, and we’re ushering that adoption to recruitment. And while some may argue this takes away from the candidate experience, we’re seeing extremely high candidate CSAT scores and candidates consistently remarketing how they enjoy being able to go beyond their resume,” said Sabashan Ragavan, co-founder and CEO of HeyMilo.
Leveraging AI for Scalable and Cost-Effective Hiring
Recent advancements in large language models (LLMs) and AI technologies have enabled HeyMilo to deliver a highly effective and scalable solution. The decreasing costs of enabling technologies such as speech-to-text, generative audio, and cloud computing have made AI-powered recruitment more accessible than ever.
“We’re a team of ten recruiters, but with HeyMilo, we can work as if we’re a team of 30. As soon as candidates apply, they can start the process immediately, and we can start evaluating their language and skills immediately. You no longer have to wait for a recruiter to be available to call and start the process with a candidate,” said Laura Pacheco, head of recruiting at BPO Labs.
Experienced Leadership and Market Adoption
HeyMilo was co-founded by Sabashan Ragavan and Ramie Raufdeen, seasoned entrepreneurs with deep expertise in technology and product development. Prior to HeyMilo, the duo co-founded a startup focused on job referral systems and held leadership roles at major tech firms, including Instagram, Microsoft, and Salesforce.
Since launching, HeyMilo has partnered with numerous organizations to refine its platform and demonstrate its value. Early adopters include staffing agencies, BPOs, and companies with lean HR teams, such as BPO Labs and Alpine Home Air, which have improved candidate placements while reducing costs.
“As a one-person HR department, speed to getting back to candidates and going through and vetting candidates was a significant challenge, with some roles having up to 3,000 candidates apply in just a few days. Using tools like HeyMilo, I can offer a great candidate experience and respond to them quickly. I also have a great experience since I can quickly vet candidates beyond just their resume,” said Wendy Sergot, head of HR at Alpine Home Air.
Fueling Growth and Innovation
The seed funding will accelerate product development, expand the team, and scale customer acquisition efforts. With a strong market fit and a growing base of satisfied customers, HeyMilo is positioned to transform how companies screen, interview, and evaluate candidates at scale.
