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
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 firstname.lastname@example.org or check out the team’s career page.
About Brilliant Hire
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.
The company concludes the third phase of expansion of SAP Labs in São Leopoldo, Brazil, and announces SAP.iO Foundry, the first initiative in the region to strengthen support for start-ups.
Miami, USA. June 20, 2022 – To celebrate its 50 years of global innovation and 28 years of commitment to the development of Latin American companies, SAP announced two relevant investments to promote innovation further in the region.
The first initiative has to do with the third expansion of SAP Labs Latin America, its innovation, research and development center that has been in operation for 16 years and is located in São Leopoldo, in the metropolitan region of Porto Alegre, Southern Brazil. With an investment of 35 million euros, the new unit built in this center will add about 850 people to its campus, reaching a total of 2,000 employees with 20 different nationalities. The expansion will also create 200 indirect jobs.
The São Leopoldo site is the first and only SAP Labs center in Latin America, and one of the company’s 14 in the world, designed to support the growing demand of companies for innovative cloud solutions.
The purpose of SAP Labs is to develop solutions with the highest standards to help organizations address major business challenges, including sustainability programs that enable them to measure the impact of their initiatives, management and control of energy consumption, waste management, producer responsibility policies, and high-capacity cloud management technologies.
“In addition to helping companies in the region on their digital transformation journey, another great contribution of SAP Labs is that it supports them in the design of their sustainability strategies, working with experts from around the world to create agile and powerful technologies that have sustainable drivers at the center of everything,” said Dennison John, president of SAP Labs Latin America.
Furthermore, the company announces the launch of the first SAP.iO Foundry in the region to accelerate start-ups across all lines of business and industries. The accelerator will also be based in São Leopoldo, with a virtual presence throughout the region.
SAP.iO Foundries is the company’s global network of external start-up accelerators with no capital demand. It provides technical and marketing support to help new companies become part of a curated ecosystem: its offerings become easily accessible to SAP customers.
“This launch is a turning point in our commitment to innovation in Latin America,” said Cristina Palmaka, president of SAP Latin America and the Caribbean. “All over the world, SAP.iO Foundries enhance the innovative impact of start-ups, offering expertise and insights, multiplying their chances of success. In a region like ours, with so many entrepreneurs, this new support will make a huge difference.”
The first call to take part in the SAP.iO Foundry will be launched in September 2022 and will focus on one of the most thriving industries in the region: sustainability in agriculture. Start-ups that wish to apply for SAP.iO Foundry can do so here until July 22.
Since its launch in 2017, SAP.iO Foundries have contributed to the acceleration of more than 400 startups around the world through its 10 funds in strategic cities such as San Francisco, New York, Berlin, Munich, Paris, Tel Aviv, Singapore, Tokyo, Bangalore, Shanghai, and now São Leopoldo.
SAP’s strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com, our press room, http://news.sap.com/latinamerica, or follow us on Twitter @SAPNoticiasLAC.
Congratulations to Adverity, Gtmhub & Wandelbots for being named to Sifted’s Europe’s rising 100. This inaugural ranking of Europe’s rising 100 is a reflection of the vibrant B2B software technology ecosystem that has evolved on the continent over the past few years.
Download the report here…
Providing a top-notch customer experience is critical for competing in today’s market. By better understanding their customers, companies can provide personalized experiences that exceed expectations.
To date, over 150+ startup solutions in SAP’s partner ecosystem have built integrations to help SAP customers expand the capabilities of solutions in their SAP landscape including SAP Customer Data Platform, SAP Commerce Cloud and more.
Here are 5 impressive stories highlighting companies that are working with startups to provide world-class customer experiences.
Deli Home, an international supplier for DIY products, needed a solution to help their customers configure their timber orders online that could be easily integrated with their retail website and ERP system powering their business. Expivi’s 3D Product Configuration solution was the perfect solution to enable customers to order custom-made wood panels directly from their website.
Expivi works with 3 SAP solutions and is available on the SAP Store.
Target worked with SundaySky to provide interactive and customized video-powered experiences to its new RedCard members at many touchpoints along the customer journey to drive relevancy and deepen their customer engagement.
SundaySky works with SAP Commerce Cloud and SAP Upscale Commerce and is available on the SAP Store.
Signet Jewelers is working with Creatable to empower their sales teams to sell online through personalized virtual storefronts to drive new revenue, traffic and extended consumer engagement – all integrated with their online stores powered by SAP Commerce Cloud.
Creatable works with Industry Cloud, SAP Commerce and is available on the SAP Store.
Jenny Craig is a nutrition and weight loss company that partnered up with Jebbit to create a solution to generate engagement with their customers and allow them to understand potential customers’ intents, motivations, and desires by delivering engaging experiences.
Jebbit works with SAP Emarsys Customer Engagement and SAP Customer Data Platform and is available on the SAP Store.
Bose needed a flexible solution to meet customer demands and deliver a consistent customer experience across multiple touchpoints. They teamed up with parcelLab to design a series of fully customizable post-sales emails that provide customers with access to the latest updates on their order. By embedding the order tracking information solution directly in Bose’s website, they were able to significantly improve their search engine optimization and contribute to repeat sales.
parcelLab works with SAP Commerce Cloud and SAP Upscale Commerce and is available on the SAP Store.
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With all the disruptions to supply chains these days, inventory management is very much top-of-mind for supply chain professionals. Too much inventory is wasteful, too little risks stock-outs and missed sales.
Enter Flowlity – a French start-up helping companies better manage inventory planning using AI.
Constructor, the company building revenue-driving on-site search and discovery solutions, today introduced Constructor Quizzes, a new offering that provides e-commerce retailers with the capability to ask customers questions while they shop online.
Online brands and marketplaces lose $18B annually in cart abandonment. E-retailer websites are set up with a one-size-fits-all approach that guesses and suggests instead of asking shoppers questions like a sales associate would in-store. The Constructor Quizzes on-site questionnaire enables retailers to collect detailed information about customers like their lifestyle activities, shopping preferences, and health and wellness goals to guide search and discovery results across their e-commerce site. As a result, online retailers can drive more conversions and revenue, build stronger relationships, and reduce time to purchase.
“Customers are stuck in analysis paralysis, which hinders their decision-making process during checkout, and retailers have a big part to play in this,” explained Eli Finkelshteyn, CEO and founder of Constructor. “Constructor Quizzes directly applies customer feedback to create individualized experiences for shoppers, narrowing options to only show them the best suited items and driving greater revenue as a result.”
Retailers leveraging Constructor Quizzes can customize the questions they ask customers and the type of data they collect through the solution. Then, leveraging AI and machine learning through the rest of Constructor’s holistic search and discovery platform, answers to the questionnaire create a highly specific, personalized shopping experience that is unique to each customer. Retailers deliver the most personalized results leading to stronger on-site shopping experiences that drive site conversions.
Industry leaders estimate that nearly 80 percent of organizational data is dark – siloed in individual storage locations and buried under outdated or redundant content. As a result, teams often miss critical information needed to drive innovation, improve services and stay ahead of the competition.
This scenario has caused organizations across industries to struggle to make use of their rapidly growing data sets. For example, a hospital creates an average of 50 petabytes of data a year. Of that data, nearly 97 percent of it goes unused. Yet, these organizations still invest significantly in storage and analytics that only get to a fraction of their data. For example, cloud storage spending alone is expected to reach 137.3B by 2025.
When considering deep learning and artificial intelligence, most think of future-looking capabilities like fully autonomous “hands-off” operations. While these capabilities show promise, they are often only implementable for organizations with a very mature machine learning department. However, there are semi-autonomous solutions available where deep learning is making an impact for companies of all stages – particularly in enabling individuals and organizations to unlock and operationalize challenging data sets.
Congratulations to SAP.iO startups Inspectorio, Roambee, SpecRight, Shippeo & Wise Systems who were among the companies recognized by CB Insights for helping retailers make their supply chains more sustainable with visibility platforms, autonomous ground delivery, and more.
This report looks at the companies helping retailers like Walmart and Amazon make their supply chains more sustainable with visibility platforms, autonomous ground delivery, and more.
Global supply chain leaders have historically prioritized efficiency and cost optimization, but with growing climate concerns and unprecedented supply chain disruption, sustainability has become central to supply chain strategies across industries.
Committed to helping new growth businesses startup and scale, we are pleased to continue our productive cooperation with High-Tech Gründerfonds. SAP will be an investor in their 4th fund. With this new investment, SAP champions the strong development of vibrant start-up ecosystems to ultimately provide our customers with the best startup innovation to run at their best.
With their funds, investors and personal commitment, the High-Tech Gründerfonds (HTGF) contributes significantly to the consistent development of the start-up ecosystem in Germany and across Europe. Until recently, the public–private partnership initiative had successfully launched a total of three funds, financing more than 650 companies, of which more than 150 have been successfully sold or floated on the stock exchange. In addition to seed investments, over 4 billion euros of private funds have flowed into HTGF portfolio companies through follow-up financing. HTGF is now introducing a 4th fund, supporting growth businesses in the areas of Industrial Tech, Digital Tech, Chemicals and Life Sciences with an increased focus on sustainability.
For the past ten years, our cooperation has unlocked access to both our networks and expertise on startups for reciprocal knowledge transfer and sourcing activities. The result has proven value for SAP, HGTF and connected startups. High-Tech Gründerfonds has invested in startups from SAP.iO programs, while HTGF portfolio companies have joined SAP.iO Foundry programs with five of them also being available on the SAP Store.
Exemplary, Datarade was part of the SAP.iO Foundry program in Berlin in 2018 and received seed investment from HTGF later in 2020. The startup has since partnered with SAP to empower customers to easily discover, evaluate, and access external data from commercial data providers. 4tiitoo received investment by HTGF in 2014 and was then introduced to SAP.iO in 2018. The startup participated in our Industry 4.0 program in the same year; their AI-based solution for easy eye control of computers was piloted by both SAP and with several SAP customers and is being offered on the SAP Store. In 2020, they secured Series B funding.
SAP.iO is offering startups the fastest way to scale with SAP – while enabling customers to access innovation complementing SAP solutions.
“We are therefore looking forward to our continued fruitful cooperation with HTGF and seeing our community of founders and startups grow”, Alexa Gorman, SVP, SAP.iO, said. “Our renewed support for the High-Tech Gründerfonds emphasizes our joint belief in a promising future for entrepreneurialism.”
On June 10th 2022, SAP.iO Foundry Shanghai “Intelligent Manufacturing” cohort startup SunwayLand completed a financing round of 200 million yuan, led by Hangzhou Golden Investment, followed by Cornerstone Fund, SDIC, etc. This financing will be mainly used for product R&D iteration and market expansion, and seize opportunities for digital transformation and localization alternatives.
Dr Zara Nanu, CEO and Co-Founder of Gapsquare, part of XpertHR, has been awarded an MBE in the Queen’s Jubilee Birthday Honours list for services to tackling global workplace inequalities and promoting fairness and inclusion.
Zara’s commitment to ensuring diversity and inclusion began in her native Moldova. It was here that she worked to bring an end to exploitative people trafficking rings which forced women into sweatshops. It’s with this same determination that Zara has sought to bring equality to the workplace by founding Gapsquare in 2016; harnessing data and AI technology to help organisations put a stop to biases and prejudicial practices preventing equality.
Gapsquare provides business leaders with actionable insights about their company’s existing pay gaps through their flagship software FairPay® Pro. The organisation has helped over 80 organisations across the UK create fairer workplaces, including working with Wieden + Kennedy, Condé Nast and Accenture.
Zara is taking Gapsquare’s mission to end pay inequality global, working with business leaders to get pay equity on the agenda and implementing the pay technology in the United States.
A leading voice in the campaign for positive change and action, Zara is Chair of the Women in Business Task Group and a member of the Global Future Council on Equity and Social Justice at the World Economic Forum. She has also been recently appointed to the Shinkwin Commission focusing on diversity and inclusion in the workplace.
Zara Nanu, CEO and Co-founder at Gapsquare, from XpertHR, comments: “From my work in Moldova to using technology to tackle inequality with Gapsquare, I have been focused on creating a better world of work, one that has fairness at its core and is not held back by patriarchal structures. It is an honour to have this work recognised and I am incredibly grateful for the nomination. It’s heartening to see this work, and the values it represents, placed firmly on the national agenda.
“But our work is by no means complete, the impact of the pandemic means that the time it will take to close the global gender gap has increased by a generation from 99.5 years to 135.6 years. That is why I am focused on change at a global level, bringing Gapsquare to the US, and continuing to work with our leaders in the UK to deliver meaningful change for a fairer and more inclusive future of work.
Cloverleaf, an automated coaching technology designed to bring out the best in workers and teams, has closed $9M in Series A funding. The round was led by Origin Ventures with the participation of ScOp Ventures, Mucker Capital, Queen City Angels, Airwing Ventures, 1809 and the JobsOhio Growth Capital Fund.
“Since we debuted in 2018 we’ve seen tremendous positive feedback from teams that use Cloverleaf – over 94 percent of our users reported improved performance,” says CEO Darrin Murriner. “With this new round of funding we can continue to build on that momentum and scale up on both our offerings and functionality, which will help grow our userbase and create more diverse and well-rounded coaching products for current and prospective Cloverleaf users.”
The Cloverleaf team, led by co-founders CEO Darrin Murriner and COO Kirsten Moorefield, is on a mission to help companies develop and retain staff and teams by unleashing their best work. By leveraging respected psychology data from behavioral assessments such as DISC and Enneagram, Cloverleaf helps coach team members through communication and collaboration tools they use every day, including Google Workplace, Microsoft 365, Slack, and Microsoft Teams.
Major organizations like Monster Energy, HP Enterprise and Kroger have turned to Cloverleaf to scale coaching and maximize employee talent. The platform also helps workplace consultants and coaches access unique insights to the way people and teams work, and helps sustain and scale their practice.
“At the heart of Cloverleaf’s mission is to provide managers and teams with tools to help them develop team cohesion, efficiency and understanding,” says COO Kirsten Moorefield. “Cloverleaf is designed with every aspect of the employee life cycle in mind – from hiring to mid-career and even at the end of an employment arrangement. We’ve found that with just one minute of engagement daily, the platform allows everyone to discover their unique talents and skills, and then allows for managers to leverage those skills in ways that are mutually beneficial for employees and team leaders.”
Congratulations to SAP.iO startups Mercaux, Paradox, Skill Note, RealWear, and 360Learning who were identified by CB Insights as companies helping retailers and brands recruit, train, and retain their hourly employees.
CB Insights identified 170+ hourly employee management tech companies addressing 13 technology priorities, from communications and task management to augmented reality/virtual reality (AR/VR) training, that retailers and brands face. The purpose of the analysis is to provide technology buyers with an overview of the technology landscape and its market participants.
At SAP.iO, we work with innovative people and new technologies that positively impact our world every day, and we think it’s time to share their stories with you! In our series, “Inspiring Innovators,” we get to hear how founders, CEOs, and presidents of cutting-edge startup technologies overcame, thrived, and pursued their goals. SAP.iO’s Alexa Gorman sat down to discuss the road to success and lessons learned with some of our most inspiring startup founders.
Meet Paula Paw
Just four days after submitting her last exam paper, Paula Paw was offered a job at VersaFleet. Paula joined VersaFleet as a pioneering team member and played a central role in its growth journey. Graduating from the National University of Singapore with a Bachelor of Arts and Social Sciences, she started her career at VersaFleet in Sales and Marketing. Over the course of 6 years, she was promoted to Senior Sales Executive, Regional Sales Manager, Head of Sales Strategy & Operations Planning, and now leads the company as Co-Chief Executive Officer.
VersaFleet is a transport management software that optimizes route plans and fully digitalizes supply chains, all the way to the last mile. At VersaFleet, Paula now focuses on accelerating VersaFleet’s growth and synchronizing essential company functions, from sales & marketing, product design, and engineering, to finance and people operations. The company’s mission is to provide technology for all transporters — in any industry, market, or country. They built VersaFleet in hopes that the technology would enable the unsung heroes of logistics to get home in time for dinner.
“The goal for the coming years is to establish a stronger market presence so that we can serve the brands that face difficult challenges. When we help them, it will have a trickle-down effect, and the drivers will ultimately benefit; we are hoping to create a better work-life balance.”
Tom’s special Guests this week are Carolin Kleinert, Co-Founder & CBO Brand, People & Culture, and Onur Ergin, CTO of Footprint. Carolin and Onur discuss the needor better and more accurate shoe sizing- which will limit ecommerce retur fns. Tune in!
During the discussion Tom finds out more about how a digital sizing approach will help customers find the right fit for their favorite brands. Buying shoes online is never going to be easy, but by using Footprint to take a scan of their feet, the customer can order accurate sizes, and in turn avoid contributing to the mountain of returned goods that end up in a landfill each year.
RealWear, the world’s leading provider of assisted reality solutions for frontline industrial workers, announced that it closed its Series C for $23.5 Million. Led by Foundry Group, the new raise enables RealWear to shift and expand from a hardware-centric to a platform-centric company, creating even deeper connections to, and value for, its global customers.
“The funding marks the next stage of growth for the business, as we provide technology for frontline workers toward a vision of assisted intelligence where contextual data for the frontline leads to better decisions, ultimately improving operational productivity and safety,” said Andrew Chrostowski, Chairman and CEO, RealWear. “In addition to building new hardware, we will use these new funds to grow a unified software and services platform across our human-centric wearable products. Expect more game-changing tech to come.”
Currently, 41 of Fortune 100 companies are using RealWear devices for business resiliency, productivity, training and employee engagement including Mars Petcare, Goodyear, Colgate-Palmolive and ExxonMobil. RealWear partners will be able to tie into our cloud systems to improve their understanding of app performance and aggregate device utilization.