Saudi-based SaaS provider Velents AI has secured an undisclosed amount in an investment round led by Women Collective, according to a press release. Over 80% of the funding came from women investors, including six first-time angel investors.

Where the money is going: Velents will use the investment to support its operations and continue working on “transforming workplace dynamics and efficiency.” Velents’ flagship product, Velents Hiring, automates the hiring process from resume screening to interviewing and selection.

About Velents: Founded in 2020, Velents is an HR-focused, AI-powered platform that streamlines hiring, recruitment, and assessment processes to limit bias and reduce hiring costs by 80%. Velents’ portfolio of clients includes Saudi Aramco, Saudi Telecom Company, Raya Customer Experience, and Siemens Healthineers. The startup closed a seed round for an undisclosed amount in December 2023. The round was led by A15 and saw participation from Nibras Capital, AUC Venture Lab, and local investors.

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