More Than 40 of the World’s Largest Companies Rely on Entelo for Recruiting Automation; Enterprise Customers Now Account for More Than 65% of Entelo’s Total Revenue

Company powers recruitment for 21 Fortune 500 companies, including
five of the Fortune Top 10, as well as 22 unicorn startups

SAN FRANCISCO–(BUSINESS WIRE)–Entelo, the world’s leading AI-driven recruiting
automation
platform, today announced numerous company milestones
that underscore the tremendous momentum it has experienced across all
facets of its business. The last quarter in particular demonstrated the
impact of Entelo’s investments in new technology development and
strategic partnerships.

“In an age when talent is a company’s most precious asset, Entelo uses
AI to ensure that organizations not only identify outstanding candidates
but also secure highly qualified employees,” said Jon Bischke, CEO of
Entelo. “Companies know that Entelo’s effectiveness and efficiency are
unparalleled, and as we’ve seen over the last year, our platform excels
in connecting the right people, at the right time, in ways that
traditional recruiting practices can’t match.”

Customer Traction Sets New Records

Over the past year, Entelo has seen strong growth across all segments,
but its enterprise business stands out. Enterprise customers now account
for more than 65% of the company’s total revenue. In fact, some of the
world’s largest companies depend on Entelo as an integral part of their
recruiting efforts. Currently, 21 Fortune 500 companies use Entelo,
including five of the Fortune Top 10. Additionally, Entelo works with 22
startups classified as unicorns– privately-held companies valued at
over $1 billion. Overall, deal sizes continue to increase as well. For
example, in Q4, Entelo closed the largest multi-million dollar and
multi-year deal in the history of the company. Concurrently, it also
closed a deal with one of the biggest banks in the world.

Investments in New Technology Pay Off

Entelo’s commitment to innovation is one reason for its continued
success. Over the past year, the company has launched over 50 new
features, including Entelo
Insights
, Unbiased
Sourcing Mode
, Diversity
Reporting
, Email NLP assistant, among others. Entelo has also filed
for 10 patents related to new technologies, and the company has achieved
its enterprise-grade SOC 2 Type II security certification.

As a result of its advancements, user engagement on the platform grew by
nearly 100% year-over-year. Additionally, its AI algorithm has proven
better able to source top candidates than human recruiters alone. Last
year, recruiters interacted with more than 4 million candidate profiles
on Entelo, and its customers increased their pipelines of diverse talent
by 24%.

New Partnerships Provide Richer Candidate Insight

Entelo has also increased its breadth and depth of reach into key
industry verticals by partnering with companies like Crunchbase. These
partnerships have enabled Entelo to enrich both candidate and company
information for 500 million profiles. Entelo placed particular emphasis
on the financial services and healthcare verticals due to specific and
pressing industry needs. The company recognized that the U.S. wealth
management industry is likely to face a shortfall of at least 200,000
advisors by 2022. Additionally, the share of finance and accounting
workers nearing retirement has increased since 2011, and the
unemployment rate in the US for mid- and senior-level financial services
professionals is creating a major talent shortage for many key roles.

There have also been dramatic talent shortages in healthcare.
Approximately 13,800 primary care physicians and 5,500 psychiatrists are
currently needed. Physician demand is predicted to grow faster than
supply, leading to a shortfall of up to 135,700 physicians by 2030.
Additionally, the total number of job openings for nurses due to growth
and replacements will be 1.09 million by 2024. Healthcare is among the
top 15 occupations with the largest and fastest projected employment
growth, according to the Bureau of Labor Statistics.

Entelo has created targeted solutions to help organizations within these
industries source the best candidates so that they do not have to
compromise quality, even as talent becomes scarce and competition for
that talent intensifies.

To learn more about what makes Entelo the recruiting automation platform
of choice for the modern workforce, please visit www.entelo.com.

About Entelo

Entelo
builds AI and automation software to help modern recruiters identify,
qualify and engage with top talent. Companies of all sizes and
industries trust Entelo to provide their talent acquisition teams with
higher candidate engagement, actionable insights and increased
productivity. The leader in recruiting
automation
, Entelo helps organizations like, Genentech, Lyft,
Netflix, Asana, NASA Jet Propulsion Laboratory, Northrop Grumman and
Target build their teams. To learn more about the Entelo recruiting
automation platform, visit www.entelo.com.
Find out about open
roles at Entelo
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Contacts

Amber Moore
amber@gmkcommunications.com