Velents AI, a leading AI-powered SaaS platform, has successfully closed a new investment round with Women Collective. The undisclosed funding will fuel the company’s mission to eliminate hiring bias and significantly reduce recruitment costs.
Founded in 2020 by Abdulaziz Almuhaydib and Mohamed Gaber, Velents has rapidly gained traction with its innovative solution. The platform leverages AI to streamline the hiring process, identify top talent, and mitigate unconscious biases.
A standout feature of this investment round is the substantial participation of women investors. Over 80% of the funding came from women, including six first-time angel investors. This milestone underscores Velents’ commitment to gender equality and diversity in the tech industry.
The investment round showcases Velents’ vision and a growing trend of women investing in high-potential startups. Velents’ platform is designed to improve hiring efficiency, reduce costs, and ensure a fair recruitment process. By empowering women investors and fostering diversity within the tech industry, Velents is driving positive change.
“We are incredibly grateful for the support of Women Collective and our investors,” said Mohamed Gaber, Co-Founder of Velents. “This investment validates our mission to transform the hiring process and create a more equitable workplace.”
Romanna Dada, Founding Partner of Women Collective, emphasized the importance of this investment: “Velents AI is a prime example of a company that aligns with our vision of empowering women in the investment landscape. We are excited to support their growth and innovation.”
Velents AI will expand its operations, enhance its AI capabilities, and solidify its position as a market leader in the HR tech space
