Got Talent: Recruiting platform Brilliant Hire raises €1M from SAP.iO

SAP.iO Venture Studio makes a €1 million follow-on seed investment in Brilliant Hire, a bias-free, skill-based pre-screening platform that helps digitize recruiting to provide faster and greater insights

Brilliant Hire co-founders, Swetha and Hemant with Juergen Mueller, CTO of SAP

In most hiring processes, hitting the buzzer to catapult candidates to the next round does usually not occur as quickly as on prime television shows. Talent is nevertheless what both are looking for.

There’s a strong connection between achieving business objectives and hiring the right talent, hence increasing the quality of candidates within the hiring funnel is fundamental to success. Tech is promising a shortcut to identifying the best candidates for job offerings, by also eliminating (un-)conscious bias towards applicants, and improving hiring efficiency. Will software be the next recruiting manager you meet in an interview? Not quite, but it could make all the difference.

Brilliant Hire offers skills-based job applicant screening, providing faster and greater insights without bias. The latest funding allows the venture to proceed with the recently released Brilliant Expert Network. Brilliant Experts is a complimentary service to Brilliant Hire, providing experts who evaluate candidates at any skill level and any discipline. With this service, recruiters simply send candidates the Brilliant Hire link and subsequently receive a full breakdown of a candidate’s skills from the expert. On the backend, the Brilliant Hire teamensures the quality and availability of the evaluating expertsremains high. The platform is unique across the screening industry by combining both machine learning with human evaluators.

Brilliant Experts has been used at SAP by the Silicon Valley Next Talent program over the past few months. With the addition of Brilliant Experts, Brilliant Hire removed the burden of assessment evaluation and decreased the wait time of applying candidates by more than 50 percent:

“We went from a one to two weeks response time to just two days. This resulted in over 400 candidates screened and only 100 qualifying ones to be interviewed – all without burdening recruiters or managers.”

Caitie Sullivan, program manager, Silicon Valley Next Talent Program, SAP

The team has shown early successes, including helping software company SAP SuccessFactors hit their ambitious 2019 hiring targets. This includes hiring over 100 engineers across the San Francisco and Bangalore offices. Beyond SAP, Brilliant Hire has been used by Mercedes-Benz R&D and the Second Harvest Food Bank.

Today, Brilliant Hire is offering a 3-month trial allowing companies to screen up to 300 candidates evaluations for just $1. Simply head over to the SAP Store to start your trial today.

To continue delivering their vision of screening-as-a-service, the new funding enables the team to grow in key areas. During the second half of 2019, Brilliant Hire will add Go-To-Market experts, designers and various engineering resources across San Francisco and Bangalore — hence hiring themselves! If you believe in the team’s mission and are interested in joining, reach out to their General Manager, Ryan Phillips, at ryan@brillianthire.io or check out the team’s career page.


About Brilliant Hire

Your hiring process is biased, we can help you fix it. Be brilliant in the way you hire. Try Brilliant Hire via the SAP Store and find more information on brillianthire.io.

About SAP.iO Venture Studio

The SAP.iO Venture Studio invests in small, entrepreneurial teams inside SAP and helps them build and launch successful products that attack some of the biggest problems in enterprise software. More information on sap.io/studio.

SAP.iO’s Accelerator Program is Looking for Startups With Solutions in the Utilities Industry

SAP.iO Foundry Tel Aviv, SAP’s startup accelerator program, is opening its next cycle and looking for startups that help solve some of the biggest challenges facing the Utilities Industry, as well as startups that are looking to break into the Utilities field.The Utilities Industry has a staggering effect on our daily lives, and energy companies have a large responsibility to bring a constant supply of energy that will support our modern way of living. Looking ahead, this responsibility will only grow. With international pressure to reduce greenhouse gas emissions and the increasing demand for alternative energy sources, energy suppliers will be tasked with upholding existing regulations while facing several new challenges and updating regulations.

Original article here…

Investing in Female Founders — Lessons from Behavioral Finance, Gender Research and Real Life Experiences

A story of a conversation between an academic researcher, VC investor, CVC investor and an entrepreneur

2019 brought more female-founded unicorns than ever before, and more new female partners at VC firms. Despite this progress, VC remains one of the most gender-skewed industries in the US. Last year, approx. 87.8% of the VC funding was raised by all male founder teams. We also see an emerging evidence that the disruption caused by COVID-19 is bound to disproportionately affect women. As reported by Pitchbook, Q1 2020 already showed a decline in share of deals with startups founded by women.

Wait… but why?

I am a nerd. I studied Finance & Accounting, I studied Psychology, and then I got an MBA. I have always been fascinated by behavioral economics and academic research proving that we are irrational in a systematic way when making decisions under uncertainty. If you haven’t read yet — Thinking, Fast and Slow by Daniel Kahneman is a good place to start. Yes, he is that psychologist who was awarded the Nobel Memorial Prize in Economic Sciences.

Now, why it matters in VC. Mixed gender or women-led startups are not performing worse than male-led — actually it’s quite the opposite. So isn’t it rational to invest in them? From behavioral economics, we know that decisions under uncertainty are influenced by the actual framing and context. Biases and heuristics come into play when it comes to VC investing — it is no different than thinking about weighing potential gains and losses under uncertainty. So what can we actually do to help scale investments in female founders if we can’t change how we’re all wired? Let’s look at it from three different perspectives represented by (#1) a researcher, (#2) two investors, and (#3) an entrepreneur.

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AI-Fueled Startup Turns Disrupted Supply Chains Into Last Mile Opportunity

When Shamir Rahim, founder and CEO of VersaFleet, transformed his bio-medical startup into an AI-powered transportation management system, he never imagined being at the epicenter (in a good way) of a supply chain revolution during a worldwide pandemic. As anyone desperately searching for toilet paper discovered earlier this year, the last mile is the crucial link in every supply chain.

“We wanted to provide our customers with a command center view of last mile product delivery with cost and time savings,” said Shamir Rahim, founder and CEO of VersaFleet. “As our customers slowly open up again, VersaFleet is providing greater agility so they can quickly adjust logistics for maximum efficiency, whether people are out sick or returning to work, quarantines are lifted or imposed again, and operational hours shift at any time.”

Huge time savings improve customer experience 

Planners using VersaFleet’s SaaS-based cloud platform can dynamically schedule, dispatch, and track deliveries. Meantime, drivers send updates on completed deliveries in real-time using a mobile app. The algorithm also factors in data from orders connected through an ERP system like SAP S/4HANA.

“In a few clicks, planners can see which drivers are available, including their working hours and location preferences. They can select the most efficient route plan that uses the fewest vehicles traveling the least amount of distance for the highest number of items delivered,” said Rahim. “This reduces planning time from hours to minutes, saving valuable resources.”

Based in Singapore, VersaFleet serves customers primarily in Southeast Asia across many industries including consumer packaged goods, food manufacturing, white goods, casinos, and environmental services. One customer’s recent go-live actually coincided with the COVID-19 pandemic lockdown in Malaysia. It proved fortuitous for the global health and beauty retailer.

“Their implementation of VersaFleet couldn’t have come at a better time,” said Rahim. “Despite working remotely from their respective homes, the planners were able to work collaboratively in real time. They were able to restock high-demand items like toilet paper and sanitizing wipes up to five times a day, something they had never been able to do before.”

The company has slashed daily planning time by 90 percent, from up to four hours down to under 10 minutes. In addition, by digitalizing proof-of-delivery, the retailer sped up billing processes four-fold. Instead of waiting for drivers to return from their routes with paper-based records, finance immediately receives delivery confirmation for same day invoice processing. This kind of business agility cascades down to boost the customer’s experience.

“Companies can reduce stock-outs, which is so important in meeting people’s heightened demands, especially with fast-moving consumer goods,” said Rahim. “Several of our other customers have improved customer service levels by 50 percent.”

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Meet the SAP.iO HR Tech startups! Join us as we celebrate an incredible journey with the HR Tech startups from the SAP.iO Foundry Paris Spring 2020 cohort and a panel of thought leaders who are blazing new paths in the Future of Work.

Watch now…

RetailNext Announces ShopSafe Initiative to Help Brick-and-Mortar Retailers to Reopen Safely

The COVID-19 pandemic has impacted the retail industry in ways no one could have imagined. A vast majority of retailers have needed to close doors, leaving many unemployed or furloughed while sales stalled. As the country begins to reopen, the retail industry is looking to stabilize and welcome shoppers back safely. It is imperative the industry keep guests and employees safe and technology can aid in this journey with transparency of crucial occupancy and shopper density metrics to help guide safer experiences in physical stores.

RetailNext, with support from a consortium of private enterprise companies, retailers, and property owners, has created ShopSafe – a not-for-profit enterprise focused on getting American retail businesses open again with infrastructure to deliver real-time occupancy data for shoppers to better understand precautionary measures in place. This free framework delivers transparency to crucial occupancy metrics to help guide safer experiences in physical stores

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Hasura launches managed cloud solution

Hasura is an open-source engine that can connect to PostgreSQL databases and microservices across hybrid- and multi-cloud environments and then automatically build a GraphQL API backend for them, making it easier for developers to then build their own data-driven applications on top of this unified API . For a while now, the San Francisco-based startup has offered a paid version (Hasura Pro) with enterprise-ready reliability and security tools, in addition to its free open-source version. Today, the company launched Hasura  Cloud, which takes the existing Pro version, adds a number of cloud-specific features like dynamic caching, auto-scaling and consumption-based pricing, and brings those together in a fully managed service.

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HR Tech : Les Français attendent que les entreprises réfléchissent à la « qualité de vie en télétravail »

Odoxa et SAP ont interrogés les français sur leurs qualités de vie en télétravail 

Les enseignements clés du sondage :

Les Français attendent que les entreprises réfléchissent à la « qualité de vie en télétravail »

  • Qualité de vie au travail des télétravailleurs: 93% des Français attendent une meilleure réflexion des entreprises.
  • 96% d’entre eux pensent qu’il est important de travailler sur l’équilibre vie privé/ vie professionnelle ; 89% sur le lien entre collègues et 88% sur les risques de burn-out et de surmenage
  • En dehors d’un mail organisationnel (51%), les entreprises ont utilisé peu d’outils pour améliorer la vie au travail des télétravailleurs
  • Equilibre vie pro/vie perso (96%), lien social (89%), risques de burn-out (88%), formation (80%) et management à distance (80%) : toutes les dimensions de la réflexion sont importantes aux yeux des Français.

Lire la suite…

Verusen Debuts on Supply & Demand Chain Executive’s SDCE 100

 Verusen, an innovator in artificial intelligence, materials inventory and data management technology, announced today that it has been named to the Supply & Demand Chain Executive’s SDCE 100 for 2020. The prestigious list spotlights successful and innovative projects that deliver bottom-line value to small, medium and large enterprises across the range of supply chain functions. These projects can serve as a map for supply chain executives looking for new opportunities to drive improvement in their own operations.

Verusen’s successful work with a Fortune 500 pulp and paper manufacturer with more than 60 North American facilities exemplifies the impact its AI-based intelligent technology platform can quickly make. The manufacturer set an aggressive initiative to reduce working capital by $5 million, obtain enterprise inventory visibility and rebalance inventory through a virtual maintenance, repair and operating (MRO) inventory network.

With Verusen’s cloud platform, the team laid the appropriate data foundation by structuring its material master (MM) data in weeks instead of a year. AI ultimately cleansed the MRO data, allowing the company to begin a “self-cleansing” data strategy as well as an internal “buy-from-self-first” inventory optimization strategy. Additionally, the AI delivered optimized insights on where inventory could be reduced as well as how to avoid creating excess. In less than 100 days, Verusen’s AI platform produced more than $20 million in verified savings.

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No-code industrial robotics programming startup Wandelbots raises $30 million

Dresden, Germany-based Wandelbots  — a startup dedicated to making it easier for non-programmers to “teach” industrial robots how to do specific tasks — has raised a $30 million Series B funding round led by 83North, with participation from Next47 and Microsoft’s M12 venture funding arm.

Wandelbots will use the funding to help it speed the market debut of its TracePen, a hand-held, code-free device that allows human operators to quickly and easily demonstrate desired behavior for industrial robots to mimic. Programming robots to perform specific tasks typically requires massive amounts of code, as well as programmers with very specific, in-demand skill sets to accomplish. Wandelbots wants to make it as easy as simply showing a robot what it is you want it to do — and then showing it a different set of behaviors should you need to reprogram it to accomplish a new task or fill in for a different part of the assembly line.

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Counterfeiters are taking advantage of the pandemic. Here’s how to stop them

Counterfeiters are flooding markets with fake masks, coronavirus test kits, PPE worn by frontline workers, medicine and medical equipment used for healing patients afflicted with COVID-19.

Last week, the European Anti-Fraud Office announced that they had already identified 340 companies trading in counterfeit products linked to the COVID-19 pandemic. The large majority of these fake goods are ineffective if not downright dangerous, and deceive both patients and doctors who trust that they are using genuine and effective treatments. This reduces the likelihood of patient recovery, and generally disrupts efforts to stop or slow the spread of the virus.

That counterfeiters have quickly seized on this new market opportunity shouldn’t come as a surprise. Whether a luxury handbag or watch, a medication or a bottle of wine, anything with a brand name attached to it will be counterfeited. The exterior or packaging of many counterfeits look identical to the genuine products, while the product itself is usually malfunctioning, made with inferior components, or at the very least does not adhere to proper manufacturing practices. The only challenge for counterfeiters is to insert their imitations into legitimate distribution channels without getting caught. For this reason, counterfeiters love opaque, long and complex supply chains that leave many opportunities for distributing the fakes wide open.

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Counterfeiters are taking advantage of the pandemic. Here’s how to stop them

Justin Picard Co-Founder and Chief Technology Officer, Scantrust

Counterfeiters are flooding markets with fake masks, coronavirus test kits, PPE worn by frontline workers, medicine and medical equipment used for healing patients afflicted with COVID-19.

Last week, the European Anti-Fraud Office announced that they had already identified 340 companies trading in counterfeit products linked to the COVID-19 pandemic. The large majority of these fake goods are ineffective if not downright dangerous, and deceive both patients and doctors who trust that they are using genuine and effective treatments. This reduces the likelihood of patient recovery, and generally disrupts efforts to stop or slow the spread of the virus.

That counterfeiters have quickly seized on this new market opportunity shouldn’t come as a surprise. Whether a luxury handbag or watch, a medication or a bottle of wine, anything with a brand name attached to it will be counterfeited. The exterior or packaging of many counterfeits look identical to the genuine products, while the product itself is usually malfunctioning, made with inferior components, or at the very least does not adhere to proper manufacturing practices. The only challenge for counterfeiters is to insert their imitations into legitimate distribution channels without getting caught. For this reason, counterfeiters love opaque, long and complex supply chains that leave many opportunities for distributing the fakes wide open.

Traceability systems bring that much-needed transparency to supply chains. They rely on serialized, unique identifiers embedded in barcodes or radio-frequency identification (RFID) tags placed on product packaging during manufacturing. As goods move through supply chains, products – as well as the cases or pallets which contain them – are scanned for inspections or to add traceability data. Every new scan generates additional data points, building up the traceability history of the product. When products reach the store shelves, consumers can scan the product identifier to verify a product’s provenance, expiry date, or any other information associated with it. All these scans culminate in creating the traceability and transparency of supply chains.

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