EdTech Review: CakeResume Streamlines Candidate Sourcing for Recruiters
CakeResume, an international talent platform providing the world’s top online resume-building tool, has recently raised $4.7 million (TWD150 million) in its Series A round led by MyNavi, one of Japan’s most prominent human resources companies.
The Taiwan-based company plans to use the capital to expand its offering of networking resources, including a new “Talent Network” function on its mobile app that allows users to swipe on the profiles of people they want to meet. This goal is to facilitate meetings between job seekers, headhunters, and mentors, making it easier for professionals to expand their network and explore new opportunities.
CakeResume differentiates itself from other job boards like LinkedIn by providing a unique feature that enables users to create multimedia resumes. This multimedia resume builder empowers individuals to present their skills and accomplishments in a visually appealing and interactive manner. Software engineers can embed projects from GitHub, while designers can incorporate data visualizations.
The startup has also worked diligently on an AI talent recommendation engine for the past few years. This cutting-edge technology is designed to streamline the candidate sourcing process for companies and recruiters, reducing the time spent by 40% to 50%. By leveraging the AI engine, recruiters can specify their requirements, such as hiring a senior Java engineer in Indonesia with a salary range of $60,000 to $70,000. The engine will then generate a list of potential candidates who meet these criteria, saving valuable time and resources.
Headquartered in Taipei, the firm currently boasts a user base of 5 million individuals worldwide and serves over 7,000 clients who rely on the platform to find suitable job candidates. Tech giants like Google, L’Oreal, and TSMC use it.
In addition to enhancing its features and functionality, CakeResume also intends to utilize the funding to support its growth in Southeast Asia, focusing on onboarding more companies from Indonesia. The platform’s success in the region, especially in Indonesia, has paved the way for further expansion opportunities. By strengthening its presence in Southeast Asia, CakeResume aims to become the go-to talent-sourcing platform for regional companies.
Teachers and educators looking for job opportunities can benefit from CakeResume. The platform’s cutting-edge multimedia resume creator, networking tools, and AI talent suggestion engine can help them create comprehensive resumes that can showcase their skills and accomplishments. With the AI engine, recruiters can find suitable candidates quickly and efficiently.
CakeResume is well-positioned to maintain its status as a top talent-sourcing platform in the tech industry and beyond as it grows its operations in nations like Indonesia, Vietnam, and India. In 2020, it had raised $900,000 in seed funding from Mynavi.
