UK-based Tech1M, an HRTech platform, raised $750K in pre-seed funding to revolutionise the talent acquisition landscape. The round was led by SFC Capital (which recently backed 4D Medicine and VoltShare) and Techstar.
It also saw participation from Tech Nation, Barclays Eagle Labs, HSBC Innovation Banking, ICE Network, Vantage, 1000 Black Voices, Foundervine, and GrowLondon Global.
Deploys AI in recruitment
Founded by Tommie Edwards and Damilola Ogunmoye, Tech1M integrates human expertise with advanced AI technology to address critical challenges in the recruitment industry.
With this approach, the company, which is an alumnus of the 2023 Techstars New York program, leverages human-AI augmentation workflows to streamline the entire recruitment process. The platform reimagines hiring as an AI-led process that works in full synergy with human recruiters. This shifts the focus from tedious process steps to impactful outcomes, addressing the longstanding issues of volume overload and administrative burdens that have historically hindered meaningful connections with candidates.
The platform’s unique human-AI augmentation strategy aims to significantly reduce hiring costs, improve the quality of hires, and accelerate talent acquisition.
Ed Stevenson, Investment Executive at SFC Capital, expressed enthusiasm for Tech1M ‘s vision: “We’re excited to back Tommie & Damilola on their journey to make recruitment processes more efficient and effective through human-AI augmentation. Their passion and experience really impressed us and we look forward to seeing the significant impact Tech1M will have in the recruitment space.”
Tommie Edwards, the CEO of Tech1M said: “Using traditional recruitment platforms, I’ve always felt a lack of intentionality in the craft of software in helping you find great talents. And with running my previous businesses over the years, hiring was a core part of my life. We’d spend hours sifting through applications, and scheduling interviews, all while the best talent slipped through our fingers. It felt like the system was designed to slow us down, not find the right people. That’s when I realised we needed a new approach recruiting and set out to create a world where technology empowers recruiters, not replaces them. Now, with AI handling the heavy lifting, we can focus on what truly matters – the human side of hiring.”
What do we think about Tech1M?
The company is set to transform the HR tech landscape with its innovative blend of AI and human expertise. By streamlining recruitment processes and reducing administrative burdens, Tech1M enhances efficiency and quality in hiring. The founders’ deep industry knowledge and commitment to improving recruitment will likely drive widespread adoption.
As the platform evolves, it promises to significantly impact the recruitment industry, fostering more meaningful and effective hiring practices.
