OLD GREENWICH, Conn. & NEW YORK--(BUSINESS WIRE)--WorldQuant Ventures, an angel investment firm focused on disruptive companies in technology, with a particular focus on data and finance, today announced an investment in untapt inc., a digital hiring platform that uses machine intelligence to match tech talent and employers. WorldQuant Ventures’ investment allows untapt to scale its recruitment platform to support all tech professionals and businesses in the United States and launch its internal talent marketplace untaptX.
“Hiring qualified technology professionals is a challenge for most businesses,” said Steven Lau, Managing Director at WorldQuant Ventures. “We believe that untapt’s innovative platform will change the way employers identify and hire tech talent. We’re excited to announce our investment in untapt, as the company approaches an ideal inflection point to further grow and maximize its potential.”
untapt is nearing the completion of this funding round, which is expected to close on October 31, 2016 and includes other strategic investors.
“WorldQuant Ventures has tremendous experience working with innovative companies that are driving advancements in data science and artificial intelligence, making them an ideal partner to help us redefine the tech talent market,” said Ed Donner, CEO and Co-Founder of untapt. “With this capital, we will rapidly open up the untapt platform to serve all tech hiring in the United States, and launch our new product untaptX for internal mobility. We couldn’t be happier to do this with WorldQuant Ventures at our side.”
About WorldQuant Ventures LLC
WorldQuant Ventures LLC is an angel investment firm founded in 2014 as a private investment vehicle for WorldQuant, LLC's founder, Igor Tulchinsky. The firm is focused on disruptive companies in technology, with a particular focus on data and finance, and has investments in over 20 companies. WorldQuant Ventures LLC is a separate entity from WorldQuant, LLC, a global quantitative investment management firm. For more information, please visit www.worldquantventures.com and www.worldquant.com.
About untapt inc.
untapt is a talent marketplace that uses artificial intelligence to match technologists to their next position. This highly precise hiring environment is the foundation of our two core products - an external marketplace and an internal mobility environment - each enabling companies to create a workforce poised for the future and allowing candidates to find the perfect role. Visit untapt.com.