Revilo
Date of Foundation
2023

Revilo

Revilo is a Recruitment Co-Pilot

The Idea origin story

Revilo leverages success patterns of your high-performing employees to smartly scan resumes, assess interviews and rationalize hiring decisions. It serves as an unbiased second opinion in recruitment, enhancing the process by introducing data-driven decision making. This objective algorithmic approach minimizes human biases, ensuring hire quality increases while significantly streamlining your recruiting efforts.

The Mission

"Revilo: Empowering your hiring process with intelligent, objective insights to recruit the best talent effectively and efficiently."

Clients

Our customers are recruiters, recruitment agencies, HR departments, and hiring managers.

Problems we solve

Client’s problem

Recruitment is an expensive and time consuming process and true top performers are found less than 10% of the time. We help companies increase their hit rate on top performers while decreasing the time spent screening and interviewing candidates.

Confirmation of problem

Top 5% of Employees produce 26% of Output. Top Performers make others better, low performers make others much worse. When the problem requires objective decisions, algorithms outperform human judgment.

Solution

The solution is an objective, un-biased recruitment co-pilot which can help identify trends, blind spots and patterns which are likely to be missed by hiring managers and recruiters.

Our technologies

This solution is based on technologies

AI, Machine Learning, NLP, Recruitment Tech, Big Data Analytics.

How it works

Revilo pinpoints high-performance traits, providing comprehensive analysis of candidates throughout the screening and hiring journey.

Value for the client

Revilo enhances your recruitment process, saving time, increasing hit rate on top performers and adding objectivity to hiring decisions.

Market and strategy

Market size

360 billion

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

0

% of the market

Is our goal in the next 3 years

Team

My name’s

David Hodgins

My key role in the product

My key role is VP of Sales and I'm responsible for driving revenue growth, forging strategic partnerships, and leading the sales team.

Team size and key members

Consider adding a Chief Marketing Officer for strategic branding, a CFO for financial planning, and an HR Manager to handle organizational culture.

Competitors

Competitors

Apart from application tracking systems and job boards, other competitors can include AI-based recruiting companies like Fetcher or Pinch Technology, professional networking platforms such as LinkedIn if they opt to expand their recruitment functionality, and traditional recruitment agencies.

Our Advantages

Leveraging top-notch technology and skilled professionals, our company differentiates through a fervent sales team and an unyielding commitment to the bliss of our customers. We're not just better; we redefine excellence in customer satisfaction.

Business model

Clients pay between $500 and $25000 a month

Traction

Our product evolution is well-understood and validated by recruiters, HR leads, and highly successful founders. Their daily problem finds a solution in our technology-advanced MVP. This assures us that we're on the path to actualizing our vision.

The company will boast a robust, fully-functional product, generate an impressive annual revenue of $500000, and be powered by a dynamic, competent team.

Metrics

Monthly active users indicate user engagement. The job fill rate is the percentage of vacancies successfully filled. Time-to-hire shows recruitment efficiency, while customer acquisition cost quantifies new client attainment expenses. Customer lifetime value predicts net revenue from a long-term relationship with each consumer . Candidate quality measures applicant suitability for roles in interviews/assessments because it directly affects team productivity later on if they're hired and User retention rates indicates how many customers stay vs leave over time reflecting product stickiness & recurring business potential

Incorporation

Our company incorporated in

Ontario, Canada

Key risks

Main risks could include slow adoption from recruiters and HR departments, mistrust or misunderstanding of AI-driven decision-making processes, issues in accurately identifying top-performer traits across industries and roles, as well issues related to data privacy.

Investments

$

25000

We raised investments

Our Investors

I am the only investor and I own 100%

Rising Investments

$

1000000

Currently, we are raising investments

$

2500000

Estimated pre-investment valuation of the company

We’re looking for a co-founders

Open positions

Article

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Additional information

MVP