Ceipal Raises $21M in Debt and Equity Funding


CeipalThe $21m Series A round of funding for a Rochester, NY-based AI powered talent acquisition platform called ‘The X-Ray Company’ has been closed.

The company secured $16.5million in Series B financing and an additional $4.5million in debt financing to bring the total to $21 million. It plans to use the funds to expand its regional markets, especially in the US, UK and India. This will allow it to improve its product capabilities and grow its customer base, including staffing companies, systems integrators and corporate organizations. 

Camden Partners was the leader of the round. Camden Partners led the round. Topmark Partners and Evergreen Mountain Equity Partners were also present investors. Jason Tagler, Managing Partner of Camden Partners, will join CEIPAL’s board of directors as part of this investment.

Ceipal, which is led by Sameer Penakalapati (CEO), an AI-powered SaaS platform that manages the entire talent acquisition process. It uses advanced technology and provides valuable insights to help you meet your hiring goals and execute talent strategies. With solutions for pipeline curation, candidate engagement & marketing, applicant tracking, and workforce management, Ceipal helps staffing firms, MSPs, and corporate hiring teams of all sizes to attract and retain the best available talent. Ceipal was established in 2015 and has since served over 2,000 clients and 120,000 recruiters around the world. It currently has 450 employees worldwide, including leadership teams in India & the U.S. The company plans to expand to more than 1000 global workers in the next 12-18 month.



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