Latamlist – Gupy, a Brazilian HRtech platform, recently raised $7M (R$40M) from Oria Capital. The fund focuses on investing in high-growth tech organizations that are consolidated in their markets.
Gupy’s AI technology called Gaia, helps HR teams hire 60% more efficiently. With data from more than 10 million users, Gaia’s algorithm is constantly improving. Through machine learning, Gaia is able to reduce hiring biases and promote diversity within hiring processes.
Gupy’s product, like other AI solutions, is especially relevant to today’s global context of social distancing. In the first quarter of 2020, the HR platform grew its revenue by 25%.
“At this moment, companies need to digitize their recruitment and selection processes more than ever. Being able to hire online and with AI has proved to be– in addition to the safest alternative for employees and candidates– the most efficient and precise way. This has helped us expand our business, even in this scenario,” commented Mariana Dias, Gupy CEO and founder.
According to Paulo Caputo, Partner at Oria Capital, Gupy is the best investment option to lead the HRtech market in Brazil.
“We believe Gupy’s competitive advantage makes it a leader in online recruitment and contributes to the digital transformation of HR. Its robust technology and high-quality service will create significant added value for its customers,” said Caputo.
With the amount raised in this last round, Gupy plans to develop technology that will further assist HR with the digitization of contracts.