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Stock impact report

CIBC Innovation Banking Provides $2.5M of Growth Capital to HiringBranch

Canadian Imperial Bank of Commerce (CM) 
Last canadian imperial bank of commerce earnings: 2/26 05:53 am Check Earnings Report
Company Research Source: Business Wire
MONTREAL--(BUSINESS WIRE)--CIBC Innovation Banking announced today that it has provided $2,500,000 in growth capital to HiringBranch. The company will use the financing to expand its market reach.HiringBranch is transforming the way enterprises and contact centres hire at scale with its tailored conversational voice and chat assessment. This approach helps reduce the number of interviews needed by automating the soft skills assessment traditionally evaluated by a person in an interview.“For too long, hiring has been driven by outdated processes and technology that fail to reflect the realities of today’s workforce,” said Stéphane Rivard, Co-Founder and CEO of HiringBranch. “AI and skills-based hiring are game-changers, but adopting them at scale has been out of reach for most large enterprises and contact centres. That’s why we’re thrilled to have the support of CIBC Innovation Banking as we unlock the power of soft skills, by finally measuring what was once considered immeasurabl Show less Read more
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