dotin Inc., a Silicon Valley-based startup has announced another round of seed funding from two investment firms Qu Ventures and Arka Venture Labs.
The company will use the current financing round to further its product development and growth, widening the scope of its offerings.
“Our AI-generated insights help recruiters and employers gain a deeper understanding of talent’s key attributes so they’re better able to hire and place workers within an organization. This is critical for retention and the optimization of a workforce. Asia and the U.S. are home to innovative companies that we can absolutely help with our platform. We’re thrilled to partner with Qu Ventures and Arka Venture Labs to keep expanding our work and our exposure to new markets,” Ganesh Iyer, CEO and founder of dotin Inc. says.
“Enterprises lose $30 billion a year due to bad hiring decisions. Over 90% of these hiring decisions are typically based on an assessment of the candidate’s skills and not their cultural alignment with the company or team culture. This causes bad hires. Existing assessment solutions focus on understanding the conscious mind, ignoring the 95% of decisions that are made subconsciously. dotin solves this problem using its patented AI-based technology,” explains Radhesh Kanumury, Managing Partner, Arka Venture Labs.
Ganesh added, “Recruitment and retention are vital to the success and sustainability of any company. We figure out what enterprises need most, then we build to it with data-driven solutions that disrupt the status quo.”
The company utilizes psychology, structured/unstructured social or enterprise data, and machine learning to identify interpersonal decision-points and modify behavior for the benefit of employer and employee, yielding powerful business outcomes.
dotin promotes employer-employee alignment in the workplace by leveraging critical insights on employees’ and potential hires’ motivations and personalities.
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