Perfect Secures $23M in Seed Funding to Revolutionize Recruitment with AI Technology

In a significant move to advance the field of recruitment, Perfect has successfully secured $23 million in total Seed funding. This funding will be pivotal in further enhancing their cutting-edge agentic AI platform designed to tackle persistent hiring challenges in today's fast-paced job market. Led by Hanaco Ventures, with contributions from Joule Ventures and Young Sohn, former President of Samsung Electronics, this financial boost aims to bolster Perfect’s AI development endeavors and reshape recruitment processes.

The recruitment industry faces numerous hurdles, encompassing inefficiencies and outdated methods that hinder the search for the right talent. Notably, 88% of HR leaders struggle to find suitable candidates, and 77% report skill shortages. These challenges underscore the importance of innovative solutions in recruitment. Perfect’s AI-powered platform automates several critical steps in the hiring process, from sourcing candidates to scheduling interviews, dramatically reducing the traditional time-to-hire by a remarkable 75%. Furthermore, the technology improves the match between candidates and companies by an impressive 90%, enabling recruiters to dedicate more time to essential tasks that foster stronger professional relationships and enhance successful placements.

Eylon Etshtein, CEO and Co-Founder of Perfect, elaborates on the platform's mission: "Our goal is not to replace humans but to make them superhuman. With unfilled roles costing businesses an average of $500 per day per vacancy, adopting faster and more accurate recruitment solutions is essential. Perfect is setting this standard by freeing recruiters from menial tasks and empowering them to engage more deeply with candidates."

The investment from Hanaco Ventures reflects a shared vision of driving genuine transformation in recruitment. Lior Prosor, Partner at Hanaco, highlighted that Perfect is utilizing proprietary datasets and integrating directly into the workflows of the industry to revolutionize hiring practices. Unlike traditional systems that rely on a