{"id":88264,"date":"2024-07-30T00:00:00","date_gmt":"2024-07-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/07\/30\/velents-ai-secures-undisclosed-amount-in-women-led-investment-round\/"},"modified":"2024-07-30T00:00:00","modified_gmt":"2024-07-30T00:00:00","slug":"velents-ai-secures-undisclosed-amount-in-women-led-investment-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/07\/30\/velents-ai-secures-undisclosed-amount-in-women-led-investment-round\/","title":{"rendered":"Velents AI secures undisclosed amount in women-led investment round"},"content":{"rendered":"

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

Where the money is going:<\/strong> Velents will use the investment to support its operations and continue working on \u201ctransforming workplace dynamics and efficiency.\u201d Velents\u2019 flagship product, Velents Hiring, automates the hiring process from resume screening to interviewing and selection.<\/p>\n

About Velents: <\/strong>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\u2019 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<\/a>. The round was led by A15 and saw participation from Nibras Capital, AUC Venture Lab, and local investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

Women investors put up 80% of the funding<\/p>\n","protected":false},"author":1,"featured_media":88265,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2556],"tags":[2439,10,2955,31,179,2953,2954],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-ai","tag-enterpriseam-ksa","tag-hr","tag-investment-watch","tag-startup-watch","tag-velents-ai","tag-women-collective","wpautop","entry"],"acf":{"mongo_id":"b3dc8874-01c3-4210-98be-b4c02a434bb0","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/2362.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Velents AI secures undisclosed amount in women-led investment round","related_issue":[88255],"teaser":"Women investors put up 80% of the funding","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.7a807563-1cae-4000-b009-03604b1c3f6e.mp3"},"yoast_head":"\nVelents AI secures undisclosed amount in women-led investment round - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/07\/30\/velents-ai-secures-undisclosed-amount-in-women-led-investment-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Velents AI secures undisclosed amount in women-led investment round\" \/>\n<meta property=\"og:description\" content=\"Women investors put up 80% of the funding\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/07\/30\/velents-ai-secures-undisclosed-amount-in-women-led-investment-round\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-30T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2362.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/07\/30\/velents-ai-secures-undisclosed-amount-in-women-led-investment-round\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/07\/30\/velents-ai-secures-undisclosed-amount-in-women-led-investment-round\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Velents AI secures undisclosed amount in women-led investment round\",\"datePublished\":\"2024-07-30T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/07\/30\/velents-ai-secures-undisclosed-amount-in-women-led-investment-round\/\"},\"wordCount\":155,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/07\/30\/velents-ai-secures-undisclosed-amount-in-women-led-investment-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2362.jpg?fit=%2C&ssl=1\",\"keywords\":[\"AI\",\"EnterpriseAM KSA\",\"HR\",\"INVESTMENT WATCH\",\"STARTUP WATCH\",\"Velents AI\",\"Women Collective\"],\"articleSection\":[\"STARTUP WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/07\/30\/velents-ai-secures-undisclosed-amount-in-women-led-investment-round\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/07\/30\/velents-ai-secures-undisclosed-amount-in-women-led-investment-round\/\",\"name\":\"Velents AI secures undisclosed amount in women-led investment round - 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