HRtech startup Upraised has secured a funding round from UK-based Pontaq VC, which was facilitated by Next Generation Incubation Scheme by Software Technology Park of India (NGIS-STPI).
The startup plans to use the funding to enter into the US and UK markets, upgrading its technology stack, hiring talent, and marketing.
Founded by Debarya Dutta, Upraised is an artificial intelligence (AI)-enabled HRtech startup. It is a platform that uses cognitive and aptitude assessments to align candidates with suitable job roles. The platform’s machine learning algorithm assigns candidates to projects that match their strengths.
Prior to this, the company had received funding from the Pilani Innovation and Entrepreneurship Development Society (PIEDS), an initiative by BITS Pilani and the Nidhi Entrepreneurship-in-residence (EIR) grant from the Department of Science and Technology (DST), Govt of India through IIM-Udaipur Incubation Centre.