UAE-headquartered hiring platform Qureos has raised $5 million in seed funding to strengthen its presence in the MENA market. Prosus Ventures and Salica Oryx Fund led the financing, with participation from Oraseya Capital, Plus VC, F6 Ventures, BDev Ventures, Sunny Side Venture Partners and Daniel Tyre. Prior investors including COTU Ventures and Globivest also participated.
Founded in 2020 by Alexander Epure and Usama Nini, Qureos provides an AI-driven technology which enables companies to accelerate their hiring process. Rather than using multiple tools for sourcing, screening and interviewing, Qureos centralizes this on to a single intelligent platform.
This is where the company’s AI assistant, Iris, comes in. For employers, Iris assists with functions such as identifying and filtering candidates and conducting interviews while working to hire more quickly without sacrificing quality. For job seekers, Iris recommends appropriate jobs and gives transparent feedback on their fit for the role.
It shares listings across thousands of channels worldwide, while appearing on Qureos’ platform. It compiles candidate data from public sources, screens talent in under 15 seconds and executes role-specific interviews using AI tools.
This all-in-one approach is already saving company time. Traditional hiring can consume up to 2,160 hours each year per recruiter, according to Qureos. The platform automates much of the work that bogs down time and allows employers to move fast.
More than 1,000 organizations are now using Qureos, such as Qatar Airways, Dubai Economy and Tourism, BAAN Holdings and Union Properties. The solution is customized for in country requirements and hiring practices – particularly throughout GCC countries, working as a connective application with existing HR systems or standalone.
With the new funding, Qureos intends to build out its AI features and hire more go-to-market team members and grow its platform through agency or business partnerships.
So called “fast hiring” is increasingly becoming a major edge for companies, co-founder and CEO Alexander Epure said. “Instead, the winners are those who can identify top talent quickly and move,” he said. “Qureos makes that happen by getting the right people together at the right time.”
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