Pin, the AI-powered recruitment tool that automates tedious hiring tasks and reduces time-to-hire by nearly 70 percent, announced a $3 million seed round led by Expa Ventures, a leading early-stage venture firm and incubator. Pin serves over 600 customers. The funding will support Pin’s expansion, allowing the company to accelerate product development, scale marketing efforts, and meet rising demand driven by early customer success while growing its team.
In the $500 billion recruitment market, lengthy hiring processes are hindering growth for companies. With 47 percent of companies unhappy with how long it takes to fill roles and only 56 percent finding their recruiting effective, the pressure to find top talent is increasing. Most AI tools for recruiting are falling short, and traditional platforms can feel like searching for a needle in a haystack, leading to missed opportunities. Pin solves these problems by automating tedious and time-consuming steps like sourcing, outreach, and scheduling, acting as a Google-like search engine for recruitment efforts. With precise candidate matches, recruiters can focus on what matters most: building meaningful relationships with candidates and securing top hires.
“The hiring process is one of the most important, but frustrating responsibilities for companies because they are bogged down by inefficiencies and tedious tasks,” said Steven Lu, CEO and co-founder at Pin. “Pin tackles this problem head-on, freeing recruiters from time consuming tasks to focus on building relationships and hiring the best candidates ten times faster than traditional methods. We’re dedicated to making hiring not just faster but more human.”
Also Read: Wrike to Acquire Klaxoon, Visual Collaboration Leader
Approximately 70 percent of candidates Pin recommends for their customers are accepted into the hiring pipeline, which shatters industry averages. With Pin, recruiters fill positions in just two weeks—compared to the 44-day industry average—while saving over two hours daily to focus on their business and securing top talent.
The platform leverages advanced automation and data-driven insights to help organizations source, engage, nurture, and schedule candidates with speed and efficiency:
- Source: Pin instantly identifies ideal candidates based on a deep understanding of a company’s needs, cutting sourcing time from 4-10 days to immediate results.
- Engage: Saves time with pre-written, highly personalized emails that achieve exceptional open rates, reducing the typical 1-3 day process to instant.
- Nurture: Ensures no candidate conversation falls through the cracks with tailored follow-ups, shrinking response time from 4-10 hours to instant.
- Schedule: Hassle-free scheduling eliminates back-and-forth, streamlining the process from 1-2 hours to instant.
“Pin has redefined our hiring process, delivering precisely what we needed,” said Fahad Hassan, CEO and co-founder of Range. “Within just two weeks of using the technology, we were able to hire both a software engineer and a financial planner—roles that are critical to our growth. The platform’s speed and accuracy of candidate matching are truly unmatched.”
Pin serves over 600 customers nationwide—including signing over 300 new customers in the past 40 days. Pin has also increased revenue by four-timers in just over the past 30 days. Its flexible pricing model, combining per-user licensing with usage-based add-ons, ensures accessibility for diverse organizations. With advanced analytics and an intuitive design, Pin provides real-time insights into recruitment funnels, helping teams measure hire quality, track diversity metrics, and simplify the hiring process.
SOURCE: PRNewswire
