Hired Inc. today announced that it has raised $30 million in funding to support the growth of its artificial intelligence-powered job marketplace, where tech giants such as WeWork Cos. Inc. and Dropbox Inc. hunt for technical talent.

The round was led by the Investment Management Corporation of Ontario. It brings Hired’s total outside capital to $130 million, making it one of the most well-funded startups in the online recruiting market.

Like the other players, Hired has put its own unique spin on the traditional job marketplace. The startup’s platform uses machine learning to scan the requirements in a job posting and surface candidates with suitable skills. This algorithm-powered matching removes the need for recruiters to sift through resumes manually, which Hired claims can save a great deal of time.

According to the startup, the average time it takes to hire a new worker via its platform is 25 days. Hired’s user engagement is impressive, too, with internal data showing that more than 95 percent of candidates respond to interview requests and most of them do so within 24 hours.

From the job seeker’s standpoint, meanwhile, Hired’s value proposition is that offers a more convenient way to find career opportunities. The platform’s algorithms allow companies to approach professionals directly rather than requiring them to apply to an opening manually.

Hired claims that it has handled $57.5 billion worth of salary offers to date. Using the new $30 million investment, the startup intends not only to continue expanding its user base but also to focus on becoming profitable. As part of this plan, it has hired Oracle Corp. and SAP SE veteran John Kelly as chief revenue officer.

Hired’s feature development roadmap is aggressive as well. In conjunction with the funding announcement, the startup unveiled two new features aimed at enabling recruiters to use its platform more effectively.

The first addition is an analytics tool that allows companies to see how their hiring efforts compare against the rest of the market and find opportunities for improvement. The other enhancement is support for job specializations such as engineering management and DevOps.

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