Phenom People announced a $100 million Series D round of venture capital, which brings its total raised to $167 million. Phenom also announced a valuation of $1.36 billion which makes them HR tech’s latest unicorn. Launched in 2010, Phenom delivers a recruitment marketing platform with a focus on personalized candidate experiences. Since its launch the platform has extended to include CRM, conversational interfaces, internal mobility, and analytics.
In a video announcement, Phenom CEO Mahe Bayireddi stressed the firm’s ability to “hyper-personalize” the experience for every stakeholder in the talent ecosystem as its key differentiation. Much of the PR messaging around the raise is focused on Phenom doubling down on AI. This isn’t surprising, large enterprise buyers focused on candidate experience, where Phenom lives, have shifted their attention to AI-powered conversational recruiting platforms like Paradox.ai.
Since the beginning, we have rooted our platform in intelligence versus simply adding AI as a single tool or feature. This makes our AI dramatically different, and helps us cultivate a healthy talent ecosystem.Mahe Bayireddi, Phenom People CEO
$2.5 billion was invested in work technology during Q1 alone. Get our free report and analysis on Q1, here.