Ideal Raises $3 Million

Artificial intelligence startup Ideal completed $3 million in financing. Four investors contributed to the round, including MaRS Investment Accelerator Fund.

Ideal’s artificial intelligence automates time-consuming, repetitive recruiting tasks, including sourcing, screening, and engaging candidates. The platform aims to eliminate human bias, improve quality of hire, enhance the candidate experience, and increase recruiter efficiency by a factor of four. Companies use Ideal’s intelligent screening technology to sift through resumes and instantly identify whom to interview.

According to the company, Ideal intends to use the funds to accelerate the AI capabilities of its virtual recruiting assistant and to onboard new customers.