Jobs
Hirize is revolutionizing job recruitment through AI – Refresh Miami
By Riley Kaminer
What role is artificial intelligence playing in helping you land your next job? Like it or not, probably a bigger role than you think.
The problem is that so much of the available technology out there is simply not fit for purpose. Take parsing for example: the process of breaking text down into pieces a computer can understand.
“Almost all HR apps out there use a parser and a matching tool,” HR tech entrepreneur Esranur Kaygin told Refresh Miami. “The problem is that the accuracy is so low – between 60 and 80%.” In a context where HR teams struggle to attract enough candidates, this low accuracy can be a major detriment to recruiting efforts.
Kaygin understands these struggles firsthand. She founded Recruit for U, an automated tool for HR departments, which was acquired in 2013, before spending seven years as a venture capitalist.
Over the last couple of years though, Kaygin has put back on her “founder” hat to launch Miami startup Hirize. The company has developed an AI-powered document parsing API that is 95% accurate. Applications for this technology are broad, including applicant tracking systems, job boards, and accounting software.
“A decade ago, a company might receive 500 to 1,000 applicants per job,” explained Kaygin, Hirize’s CEO [pictured above]. “Now, companies are struggling because they receive up to 2,000 or 2.500 applicants per job. And this is kind of normal. It’s not humanly possible to, you know, select these people and understand them all. This is a perfect example of a situation where AI needs to step in to execute on a job or that humans cannot do at this scale.”
Since launching a beta in 2022 and the full-fledged platform in March 2023, Hirize has grown to process around 10 million CVs per month. The company’s clients include some of the biggest names in the market, including Indeed, Neuralink, Amplitude. Hirize is currently working to launch an enterprise AI model for the finance and health sectors. Hirize charges customers based on their usage.
The company has also been selected to join NVIDIA Inception, a program that connects tech-forward companies with VCs and internal NVIDIA resources. Hirize has raised a roughly $1 million pre-seed round from a handful of European VCs and two angels, one of whom lives in Miami.
While the company currently has five full-time employees, Kaygin signaled that she expects this company to double by Q3. Two of these full-time employees are based in Miami.
“We’re trying to relocate everyone to Miami,” she said, noting that the city’s global appeal has made it relatively easy to convince people to move here.
Kaygin, who is from Holland and also spent years living in New York as well as her father’s native Turkey, did not originally set out to grow roots in Miami. She loves Austin (especially the brisket) and during Covid had plans to visit. When someone invited her to check out Miami Tech Week, Kaygin decided to stop by Miami on the way. Seeing Miami’s serious tech chops made her consider setting up shop in Miami, also appreciating our international airport and strategically positioned timezone.
“What makes the Miami startup ecosystem unique is that you have people working very hard, but they’re not competitive against each other,” she asserted. “Rather, they want to help each other out and grow the ecosystem together.”
READ MORE ON REFRESH MIAMI: