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April 10, 2024
Multiverse, a London-based firm centered on office coaching and recruitment, introduced it acquired Searchlight, a San Francisco-based firm that provides an applicant screening and choice platform. Searchlight says its platform automates applicant screening utilizing an AI filter, psychometric assessments and automation of reference checks.
“By becoming a member of forces, we are able to apply Searchlight’s tech and experience at scale with among the world’s largest corporations, successfully turning into the workforce growth platform of the long run,” Kerry Wang, co-founder and CEO of Searchlight, stated in a press launch.
Wang based Searchlight in 2018 together with her sister, Anna Wang. Each are graduates of Stanford College.
“After assembly Anna and Kerry and digging into the Searchlight product, I used to be actually excited at how they have been utilizing AI to identify patterns and determine skilling options each inside and out of doors of the workforce,” Multiverse founder and CEO Euan Blair stated in a press launch.
As a part of the acquisition, the Searchlight workforce joined Multiverse to steer the mixing of its expertise intelligence expertise into Multiverse’s platform and lead its AI initiatives. Kerry Wang is taking up the function of director of product, whereas founder and CTO Anna Wang will develop into head of AI.
Phrases of the transaction weren’t introduced. Multiverse confirmed to SIA that the groups are working at Multiverse now.
Multiverse stated it companions with greater than 1,000 organizations to supply coaching in a number of areas reminiscent of knowledge analytics and software program engineering.
In June 2022, Multiverse secured a $220 million Sequence D funding spherical — co-led by StepStone Group, Lightspeed Enterprise Companions and Normal Catalyst — attaining a post-money valuation of $1.7 billion and turning into the UK’s first EdTech unicorn.
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