About Searchlight
Searchlight.ai improves the hiring process by using behavioral reference data to help employers make better hiring decisions through its Predictive Talent Platform. This platform connects candidate references and self-assessment data to post-hire outcomes, reducing the risk of mis-hires caused by mismatched soft skills. Unlike competitors, Searchlight focuses on data-driven hiring and promotes Diversity, Equity, Inclusion, and Belonging (DEIB) in the workplace. The goal is to enhance the quality of hires, leading to significant cost savings and increased revenue for clients.
San Francisco, CaliforniaHeadquarters
2018Year Founded
$16.7MTotal Funding
SERIES_ACompany Stage
Consulting, Enterprise SoftwareIndustries
11-50Employees
Benefits
401(k)
Unlimited PTO
Health & Wellness stipend
Home Office stipend
15 paid holidays
Health Insurance
Spring Health sessions
Origin financial planning
Risks
Integration with Multiverse's systems may disrupt service or cause client dissatisfaction.
Rapid AI development at Multiverse could misalign with Searchlight's current capabilities.
AI-driven hiring solutions may face resistance from clients favoring traditional methods.
Differentiation
Searchlight uses behavioral reference data to improve hiring quality and efficiency.
The platform connects candidate data to post-hire outcomes for better hiring decisions.
Searchlight's TRACY AI engine predicts candidate success four times better than interviews.
Upsides
Searchlight's AI reduces recruitment costs and improves employee retention by 45%.
The acquisition by Multiverse enhances Searchlight's AI capabilities and market reach.
Searchlight's focus on DEIB aligns with rising trends in bias-free hiring.
Funding
Total raised$16.68 M
Latest valuation$85.00 M
StageSERIES_A
SERIES A
11/30/2021$17
$85.00 MSEED
2/28/2019N/A
$2.00 M