Karen HR (NextAI, 2017), a Toronto-based AI company with a recruiting software tool for human resources workers, has been acquired by global talent acquisition company, Alexander Mann Solutions. The purchase price of the deal was not disclosed.
Karen’s solution, launched in 2017 by CEO Noel Webb and CTO David Vradenburg, aims to enhance the recruitment process and boost candidate engagement. It claims it can do this by ranking hundreds of resumes against various jobs in seconds, and with the support of artificial intelligence, and by using a shortlisting and conversion tool to allow hirers to gain deeper insight into a candidate and their suitability for the job. The company has undergone two rounds of funding, and has seen investments from NextAI, TriColour Venture Fund, Ontario Centres of Excellence, and other private investors.