Dear Members,
We are elated the share that our technology partner CEIPAL, the industry-leading AI-powered talent acquisition platform has closed its Series B funding round, led by Camden Partners.
Since its launch in 2015, CEIPAL has disrupted the talent acquisition market by providing futuristic technology platforms at accessible prices. Driven by the mission "To provide an affordable, intuitive, and intelligent talent management platform that helps companies of all sizes procure and manage human talent", they currently serve 120,000 recruiters with 97% customer satisfaction rating. Continuing the growth journey the company plans to fuel its regional market expansion, particularly within the US, UK, and India.
"Over the last several years, we’ve delivered innovation after innovation to Recruiters, Hiring Managers, and HR professionals by harnessing the power of AI to ensure that no talent is left behind,” said CEIPAL Founder and CEO Sameer Penakalapati. “Our latest funding round will ensure we continue driving and expanding our global footprint. I want to thank Camden Partners, whom I’ve found to be an ideal fit for CEIPAL – both financially and culturally - and the perfect partner to have led this round of funding, along with all our other investors, who have helped us reach this important milestone.”
CEIPAL has a global team of 450 employees with leadership teams in the U.S. and India with plans to grow to more than 1000 global employees in the next 12 to 18 months. In the past 18 months alone, CEIPAL has expanded its product portfolio by adding a sleek and integrated VMS platform, ProcureWise, to consolidate full-time workforce and supplier workforce needs into CEIPAL’s single talent acquisition platform.
Additionally, CEIPAL has continuously grown its AI (artificial intelligence) for recruiting capabilities with advanced ATS (applicant tracking system), CRM (customer relationship management), WFM (workforce management), and DEI (diversity, equity, and inclusion) technologies. CEIPAL also offers its customers advanced text recruiting capabilities and advanced business intelligence features.