Tabnex Wins $25K at Velocity Fund Finals and Turns Heads with New Recruitment Intelligence Platform
Tabnex is a real-time intelligence platform powered by AI which allows recruitment teams to work smarter and faster. They do this by programmatically integrating insights on candidates who have applied to job opportunities, in seconds, at every stage of the hiring process. Tabnex, which is currently in closed beta, integrates personalized data on candidates into your places of communication like your inbox. The platform is designed to be compatible with any email provider so that recruiters who receive emails and resumes from applicants, can get key information that is normally uncovered during an interview. They enrich information which is automatically organized through an elegant interface in the inbox, thus making their job easier in terms of analyzing data and categorizing types of applicants, jobs, and other data points that can in some cases take hours to organize manually.
The three co-founders, Marwan, Moe, and Muni all attended the University of Waterloo and started developing the software company out of Velocity Garage. What started as a job seeker solution, evolved into a product that instantly interprets, analyzes and collects pools of data that comes along with applying to jobs and selecting top candidates; resumes. The platform currently plugs into the user’s inbox and gathers all data pertaining to a job applicant, then analyzes and categorizes based on a pattern of data. More features that are currently being built will provide further insights, even predictive and personality-based insights, to make analyzing and hiring a seamless process.
The company recently won a $25K prize in the Velocity Fund Finals and received additional suport from support from NVIDIA’s AI Accelerator and raised $50K from Ontario Data Exchange as well as another $50K from IBM Innovation Incubator to put toward software development.
Going into the AC JumpStart has given the team additional funding and support to grow and scale the software. Although the company started less than a few months ago, they have already added a lead developer, data scientist and 2 junior developers to the team. With support from the AC, they have also established 10 beta customers with 2-3 users on preferred pricing, and developed what Muni affectionately describes to as the Customer-Centric Iteration Framework to continue building out the product with their customer in mind.
“Our time with the Accelerator Centre has been invaluable. Although it is an intense development time for the company, when we come up for air, we often reflect on how grateful we are to be in this tech environment, for the funding which has allowed us to hire the right talent and most of all for the mentorship.”
As the team moves forward, they are excited for the future in building out a suite of products and data APIs that integrates intelligence into AI Chatbots, leading recruitment software to sharing their solution on a greater scale to help businesses and recruitment teams who are competing for talent globally. To learn more about the team and the product, check out their recently launched website: http://tabnex.com/