The Pune-based company’s software solutions leverage artificial intelligence (AI) simulators, interview tools and talent analytics to help organizations quickly find suitable candidates for the job remotely.
iMocha, a digital skills assessment platform for upskilling and recruiting, announced Thursday that it has raised $14 million in a Series A round led by global investment firm Eight Roads Ventures.
Pune-based iMocha, formerly known as Interview Mocha, aims to use the capital it raised at an undisclosed valuation to increase the selection of its skills pool, reach more global businesses, and expand its collaboration in the HR technology ecosystem partner base. The financing comes against the backdrop of the Covid-19 pandemic accelerating the growing need for automation, digitization and the adoption of remote work.
The company, co-founded in 2015 by former IBM executives Amit Mishra and Sujit Karpe, enables employers to assess individual skill proficiency through job role-based hiring and learning assessments. Its software solutions leverage artificial intelligence (AI) simulators, interviewing tools and talent analytics to help organizations quickly find suitable candidates for jobs remotely.
“Without a skills assessment platform to help measure and expand their talent pool, businesses will quickly lose talented team members. At iMocha, we have built the world’s broadest and deepest technical skills pool with measurable Our partnership with Eight Roads gives us a great starting point to serve every Fortune 500 client that needs a skills assessment platform,” said Amit Mishra, CEO of iMocha.
In 2020, it raised $600,000 from a group of investors, including Girish Mathrubootham, CEO and co-founder of U.S. SaaS startup Freshworks, which went public on Nasdaq last September.
Existing investors Upekkha and Better Capital also participated in the latest funding round for the company, which has more than 300 clients globally, including Fujitsu, NICE and Microsoft.
Following the capital injection, Aditya Systla from Eight Roads Ventures and Prasanna Krishnamoorthy from Upekkha will join iMocha’s board of directors, the company said in a statement.
“Utilizing a vast and unique skills database, iMocha’s AI assessment platform enables organizations to make their talent management processes more robust and efficient. Over the past few years, Amit, Sujit and the entire iMocha team have built a unique SaaS platform that helps The company continues to lead the way in talent management and we are delighted to be their partner in this journey,” said Aditya Systla, Partner at Eight Road Ventures.
iMocha’s library has over 2,000 assessments covering a range of skills including coding, data science, artificial intelligence, machine learning, cybersecurity, enterprise applications, cloud computing, infrastructure management, application development, competency and banking.
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