Israeli human resources technology developer Actiview has raised $10 million in a Series A financing round led by Teddy Sagi Group. The company has raised $18 million to date including the latest investment.

Actiview is an HR-Tech company which develops virtual reality (VR) and machine learning (ML) technology. The company helps organizations to find the most suitable employees for their needs. Actiview helps reduce mistakes in the hiring process, provides a unique and fascinating job application experience, the swiftest selection procedures, and improves the quality of staff in the organization.

Actiview was founded in 2016 by CEO Matanel Libi, Tal Koelewyn, and Gil Asher, graduates of special army technology units, and the company today has about 60 employees, of whom 55 are based in the company’s headquarters in Lod, and the others in Europe, the US and Asia. A large part of the company’s employees are scientists with doctorates, and experts in various disciplines and graduates of elite technological units in the Israel Defense Forces.

The company is already operating in over 10 countries including Japan, the US, and Brazil and among its customers are leading organizations from a range of industries including the Israel Defense Forces, Mitsubishi, financial consultants Deloitte, CAL, Israel Chemicals, SM Investments Corporation, Northwestern University and more. At this stage, Actiview has dozens of customers with tens and even hundreds of thousands of employees and the revenue of these companies in estimated in the billions of dollars.

The funds raised will allow Actiview to enter new markets and expand its areas of activity. As part of this, Actiview recently launched a collaboration with international university INSEAD. The two partners will together set up the world’s first academic VR classes.

Published by Globes, Israel business news – en.globes.co.il – on February 20, 2020