Singapore’s AI-powered recruitment platform Snaphunt to shut down as $2.8M funding round fails
Singapore-based AI-driven recruitment platform Snaphunt is being wound up after a planned US$2.8 million funding round was delayed, leaving the company without enough cash to continue operating.
Singapore's AI-powered recruitment platform, Snaphunt, announced its decision to wind down operations on July 30, as reported by VnExpress Business. The company is currently exploring options for its remaining technology and assets, including a potential sale, in hopes that its AI recruitment system can be acquired and further developed.
The decision to wind up operations followed a July 6 declaration by the directors, stating that the company could no longer continue due to its liabilities. Snaphunt had secured investor commitments, but the funding was delayed beyond the point where the business could be sustained, according to CEO Tulika Tripathi. The platform, founded in 2017, automated functions such as candidate matching, video interviews, applicant screening, and reference checks, serving over 15,000 employers and more than eight million registered professionals across more than 140 countries.
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