Ceipal Raises $21M in Debt and Equity Funding

Finsmes2022.06.16 20:23

Ceipal, a Rochester, NY-based AI-powered talent acquisition platform, closed its $21m Series B funding round.

The company, which secured $16.5 million in its Series B round with an additional $4.5 million in debt financing for a total of $21 million in funds, plans to use the funding to accelerate its regional market expansion, particularly within the US, UK, and India, to enhance its product capabilities and to grow its customer base among staffing businesses, systems integrators, and corporate organizations. 

The round was led by Camden Partners. Topmark Partners, Evergreen Mountain Equity Partners joined this round along with existing investors, Mistral Venture Partners and Resolve Growth Partners. Jason Tagler, Managing Partner of Camden Partners, will join CEIPAL’s board of directors as part of this investment.

Led by Founder and CEO Sameer Penakalapati, Ceipal is an AI-powered SaaS platform that provides full-lifecycle management of the talent acquisition process. Its system leverages advanced technology to analyze vast amounts of candidate and employee data, providing actionable insights for meeting hiring goals and executing talent strategies. With solutions for pipeline curation, candidate engagement & marketing, applicant tracking, and workforce management, Ceipal helps staffing firms, MSPs, and corporate hiring teams of all sizes to attract and retain the best available talent. Founded in 2015, the company served 2,000+ customers and 120,000 recruiters globally. It has a global team of 450 employees with leadership teams in the U.S. and India with plans to grow to more than 1000 global employees in the next 12 to 18 months.

FinSMEs

16/06/2022

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