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Startup Pedia
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This AI-powered Hiring App Offers Instant Matches Between Recruiters And Candidates
- Monkify.ai, an AI-powered hiring platform founded in 2023 by Austrian entrepreneurs Gregor Reitinger, Patrick Ranner, and Leon Hartl, aims to revolutionize the recruitment industry in India.
- The startup leverages AI and blockchain technology to streamline hiring processes for recruiters and candidates, offering features like smart contracts, instant matches, and data protection.
- Monkify.ai's Profile Setup Wizard reduces setup time by 40% and provides AI-driven job posting templates for recruiters.
- Addressing user feedback, the platform enhanced its NLP models with BERT for improved accuracy in candidate matches.
- Clients of Monkify.ai include Renold, SPS, Wikilabs, UnboundB2B, Veract, JustDial, and HRMind, with reported improvements in hiring efficiency and match quality.
- The startup plans to introduce a blockchain-based resume verification system and provide data-driven hiring insights to clients.
- With aspirations to expand into the Middle East and Southeast Asia, Monkify.ai aims to become the leading AI-powered hiring platform globally.
- The founders believe that AI is the future of recruitment, offering companies a competitive edge in hiring practices.
- Monkify.ai's vision focuses on data safety, efficiency, and global growth, positioning them as a key player in the evolving recruitment landscape.
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