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About KarmaCheck
Industries
Consumer Software
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$64.2M
Headquarters
Virginia Beach, Virginia
Founded
2019
Overview
KarmaCheck provides background check services that utilize AI technology to make the employment verification process faster and more efficient. The platform allows employers to receive real-time notifications about the status of background checks, which helps them make quicker hiring decisions. Its mobile-first design ensures that users can easily access the service from their devices while maintaining compliance with regulations. KarmaCheck stands out from competitors by focusing on speed and user accessibility, aiming to simplify the hiring process for both employers and job seekers.
Simplify's Take
What believers are saying
- Raised $45 million in Series B to enhance technology and expand services.
- Partnership with Bullhorn integrates applicant data, improving efficiency for clients.
- Growing demand for remote hiring boosts need for digital background checks.
What critics are saying
- Increased competition from emerging AI-driven background check startups.
- Potential data privacy concerns with new regulations like the CPRA.
- Economic downturns may reduce demand for background check services.
What makes KarmaCheck unique
- KarmaCheck offers AI-driven background checks for faster employment verification.
- The platform provides real-time notifications for quicker hiring decisions.
- KarmaCheck's mobile-first design ensures easy access and compliance.
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Funding
Total Funding
$64.2M
Above
Industry Average
Funded Over
4 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Remote Work Options
Growth & Insights and Company News
6 month growth
↑ 4%1 year growth
↑ 11%2 year growth
↑ 4%Five years ago, KarmaCheck, Inc. created KarmaCheck with a simple mission - to establish more trust in the internet age.
SAN FRANCISCO, June 27, 2024 /PRNewswire/ - KarmaCheck, a technology-based solution for background checks, credentialing, and compliance, announced today that it has raised $45 million in a Series B funding round led by Parameter Ventures, with participation from PruVen Capital, Velvet Sea Ventures, GC1 Ventures, and NextView Ventures.
KarmaCheck has raised $45 million in a Series B funding round led by Parameter Ventures, with participation from PruVen Capital, Velvet Sea Ventures, GC1 Ventures, and NextView Ventures. The funds will be used to enhance its technology platform, scale services, and expand into new industries. Founded by LinkedIn co-founder Eric Ly, KarmaCheck has seen over 600% revenue growth and a 300% increase in its customer experience team over the past year.
KarmaCheck’s partnership with Bullhorn, which is also a KarmaCheck investor, alleviates the costly problem of manual inefficiency for Cell Staff by directly integrating applicant data into the Bullhorn platform.
KarmaCheck, a first-of-its-kind company that uses candidate-centric technology to bring truth, speed, and efficiency to background checks, announced today a partnership with healthcare staffing provider Cell Staff that will utilize KarmaCheck’s background check functionality for the Bullhorn applicant tracking system.
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About KarmaCheck
Industries
Consumer Software
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$64.2M
Headquarters
Virginia Beach, Virginia
Founded
2019
There are no jobs for KarmaCheck right now.
Find jobs on Simplify and start your career today
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