Software startup Ascendify announced the completion of $11 million in Series A financing led by Canaan Partners, with participation from GE Ventures and Cisco Investments.
Ascendify has created a completely mobile, social, and cloud-based talent acquisition platform that aims to combine all modern recruiting point solutions into one. For candidates, Ascendify offers an active talent community. For hiring teams, it provides a suite of applications, including ATS, CRM, referrals, nurturing, and analytics. The company, launched in 2012, has won HR Executives’ Top New HR Product of the Year.
The company revealed that GE ventures and Cisco investments were customers of Ascendify prior to investing and are collaborating with the company to build a shared vision of the future of smarter talent solutions.