AllyO provides an end-to-end AI recruiting solution that uses conversational AI to automate recruiting workflows and engage candidates via texting on mobile and web. The system aims to reduce lost applicants and improve conversions by delivering a better candidate experience and actionable recruiting insights. It is used by several customers including companies from the Fortune 50, Avis Budget Group, The Cheesecake Factory, Pitney Bowes and Brinker International. Co-founded by Sahil Sahni and Ankit Somani, the company addresses the high cost of recruiting and process inefficiencies. AllyO raised $45M in Series B funding and plans to use the proceeds to expand its recruiting solution globally and grow its AI team. In conjunction with the funding, Jai Das of Sapphire Ventures joined the company’s board. AllyO offers a deeply conversational AI platform that automates end-to-end recruiting workflows by engaging candidates via text, mobile and web. The company targets large enterprises and claims usage by Fortune 500 customers, reporting improvements such as 2–6x increases in applicant capture and conversion and a 91% application completion rate. In Q1 2019 AllyO grew ARR over 50% since year-end 2018 and 4.5x year‑over‑year, added 20% more customers in the quarter, and saw 45% of ARR growth from expansion of existing customers. AllyO reported strong customer experience metrics — 94% of 15 million candidate interactions rated great or excellent and a 97% customer satisfaction score with a 1.5 hour request resolution time. The company scaled headcount to 95 full‑time employees in Q1 2019 and was on track to reach 100 FTEs in Q2 2019, while appointing new leaders in customer success and strategy and operations. AllyO emphasizes economical unit economics, citing a fully loaded customer acquisition cost under 70% of new customer ARR. AllyO is a Sunnyvale, Calif.-based provider of AI recruiting technology. Co-founded by Ankit Somani and Sahil Sahni, the company builds a customizable AI recruiter that uses natural language processing and machine learning to automate and self-optimize the end-to-end recruiting workflow. AllyO emerged from stealth concurrent with announcing a $14m round of funding. The company intends to use the financing to expand AI capabilities, more than double its headcount, further enhance the candidate and hiring team experience, and strengthen the recruiting automation workflow. The round was led by Bain Capital Ventures with participation from Cervin Ventures, Gradient Ventures (Google’s AI fund), and Randstad Innovation Fund. Indy Guha, partner at Bain Capital Ventures, is joining AllyO’s board as part of the financing.

Total raised

$59M

Funding rounds

3

Latest round

Series B

Latest activity

Jun 2019