Search for...

Greek AI platform Bryq with $4M, uses science to remove bias from hiring screening

Greek talent intelligence company provides a unique approach to modern challenges for companies when it comes to the hiring process.
Image credit: Pexels
, ~

• Greek AI-enabled hiring platform Bryq raised $4M in a pre-Series A round, with No Such Ventures as a lead investor, together with existing investor Big Pi Ventures

• The assessment platform was designed in 2017 to remove bias and complexity out of the hiring screening

• In 2021 Bryq managed to increase its revenue by more than 500%.

Based on a combination of validated psychometric science and objective performance data, Bryq’s solution helps companies gain a competitive advantage in hiring, growing, and retaining talent.

According to Bryq’s CEO Markellos Diorinos, the company will use the funding to continue investing in talent intelligence innovation, especially in the area of combining psychometrics with performance data and AI. In turn, this will generate solutions in hiring, internal mobility, career development and employee retention, he added.

“Talent is still the key ingredient for a company’s success, while hiring, growing, and retaining talent remains a challenge for all. to Our customers – companies like EY, Teleperformance, Viva Wallet, Deliveroo and SaltPay – have one thing in common: they understand the value of their current and future employees and they fully invest in them. Bryq enables them to shift the way they look at talent and achieve impressive results in increased performance and retention of their talent,” Diorinos said.

According to Reinder Lubbers from No Such Ventures, the Greek talent intelligence company provides a unique approach to modern challenges for companies when it comes to the hiring process.

“The way we work has evolved much faster than anticipated in the past two years due to the global COVID pandemic and the shift towards remote work. This has resulted in phenomena like the Great Resignation and a new wave of unrest spreading throughout the talent markets. In this shifting landscape, companies are struggling to succeed with their current legacy tools,” Lubbers, partner at No Such Ventures said.

Read more:  BNPL Your Way to Buying a Car: Spotawheel Teams up with TBI Bank to Simplify the Process in Romania and Greece

Bryq stands out by providing a unique solution to today’s challenges, translating to tangible benefits for companies,” he concluded.

 

Help us grow the emerging innovation hubs in Central and Eastern Europe

Every single contribution of yours helps us guarantee our independence and sustainable future. With your financial support, we can keep on providing constructive reporting on the developments in the region, give even more global visibility to our ecosystem, and educate the next generation of innovation journalists and content creators.

Find out more about how your donation could help us shape the story of the CEE entrepreneurial ecosystem!

One-time donation

You can also support The Recursive’s mission with a pick-any-amount, one-time donation. 👍

https://therecursive.com/author/bojanstojkovski/

Bojan is The Recursive’s Western Balkans Editor, covering tech, innovation, and business for more than a decade. He’s currently exploring blockchain, Industry 4.0, AI, and is always open to covering diverse and exciting topics in the Western Balkans countries. His work has been featured in global media outlets such as Foreign Policy, WSJ, ZDNet, and Balkan Insight.