TrueAbility said it raised US $2 million in series A financing found led by Austin Ventures along with Cloud Power Seed Fund. The money will be utilized to further develop its main product, AbilityScreen, as well as expand its staff and boost marketing promotions.
Luke Owen, company CEO, said that the new investment provides TrueAbility with a lot more room to scale up the AbilityScreen technology using cloud. "Based on feedback from initial customers and employers, we have a specific roadmap to follow over the next eighteen months," he said.
The AbilityScreen, according to the company, makes it easier for companies to assess the ability of the potential hire using in-house or industry standards. The employer can also test the applicant's problem-solving skills using real scenarios related to the job at hand.
Thomas Ball, general partner at Austin Ventures, said TrueAbility is at the forefront in the increasing trend of employers favoring a technical workforce. He said the platform is also very easy to market worldwide because it addresses a pressing need.
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