Trovix raises $13 million in Series B

Trovix, maker of intelligent search technology, was raised $13 million in Series B round of funding. The funding round was led by Granite Ventures, and Trovix’s existing investors, U.S. Venture Partners (USVP) and 3i. Trovix, located in Mountain View, California, was founded in 2002 by Jeff Benrey and Earl Rennison. Trovix customers include Palm, Stanford University, Linksys, Juniper Networks, VMware and Rambus.

Trovix is looking to redefine the $35 billion recruiting industry using it products like Trovix Recruit. Trovix Recruit analyses information contained within the context of skills, education and experience provided in candidates resume and matches to it to the particular job vacancy. Trovix intelligent search uses fuzzy logic and its extensive and hierarchical knowledge base of concepts to evaluate a candidate to give best matching candidates within seconds. This saves the recruiters and hiring managers’ time, expedites the hiring process, improves the quality of your hires, reduces recruiting cost, and streamlines the overall process.

Trovix is hosted application which will automate job posting, resume capture, resume extraction, prepare candidate summary, and detect duplicate resumes. Trovix search technology then matches candidates to jobs and provides scores based on experience. Trovix can also automate manager feedback and perform candidate background search. For the hiring managers, Trovis provides Dashboards, customized reports, top candidate alerts, and more.

Trovix does seem like a promising product big market aimed at a very lucrative corporate market.

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