Ideal Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 13

Employees

  • Latest Deal Type
  • M&A

Ideal General Information

Description

Develoepr of a talent intelligence platform designed to increase the quality of hires, reduce attrition and remove bias. The company's platform uses artificial intelligence to centralize rich candidate data such as resumes, chatbot conversations, assessments, and performance reviews including candidate sourcing, resume screening, shortlisting and candidate outreach, learning and mimicking the expertise of top human recruiters, automating time-consuming, repetitive recruiting tasks, enabling companies to eliminate the need for manual screening.

Contact Information

Website
www.ideal.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • Toronto, M5V 2H1
  • Qatar
Primary Industry
Business/Productivity Software
Other Industries
Information Services (B2C)
Human Capital Services
Parent Company
Dayforce (Business/Productivity Software)
Vertical(s)
Big Data, HR Tech, SaaS, Artificial Intelligence & Machine Learning, TMT
Corporate Office
  • Toronto, M5V 2H1
  • Qatar

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Ideal Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Merger/Acquisition 01-Jan-2021 Completed Generating Revenue
3. Seed Round 28-Jul-2017 Completed Generating Revenue
2. Accelerator/Incubator 01-Dec-2016 $2.5M Completed Generating Revenue
1. Angel (individual) 26-Nov-2015 $2.5M $2.5M Completed Generating Revenue
To view Ideal’s complete valuation and funding history, request access »

Ideal Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Develoepr of a talent intelligence platform designed to increase the quality of hires, reduce attrition and remove bias.
Business/Productivity Software
Toronto, Qatar
13 As of 2024

San Jose, CA
 

New York, NY
 
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Ideal Competitors (15)

One of Ideal’s 15 competitors is XOR (Human Capital Services), a Venture Capital-Backed company based in San Jose, CA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
XOR (Human Capital Services) Venture Capital-Backed San Jose, CA
Pymetrics Corporate Backed or Acquired New York, NY
impress.ai Venture Capital-Backed Singapore, Singapore
Jobvite Private Equity-Backed Indianapolis, IN
Yello Venture Capital-Backed Chicago, IL
You’re viewing 5 of 15 competitors. Get the full list »

Ideal Patents

  • 9

    Total Documents Applications and Grants

  • Total Patents Families

  • 4

    Granted

  • Pending

  • Expiring in next 12 mo

Ideal Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20220309467-A1 Application programming interface (api) for a system for determining suitability of an applicant for a role in a company Inactive 23-Mar-2021
US-20220180323-A1 System and method for generating job recommendations for one or more candidates Inactive 04-Dec-2020
US-20200184422-A1 System and method for screening candidates based on historical data Inactive 06-Dec-2018
US-20200184425-A1 System and method for screening candidates and including a process for autobucketing candidate roles Inactive 06-Dec-2018
US-9741218-B2 Explicit real-time fire disaster alarming device and method Active 16-Jul-2015 G08B7/064
To view Ideal’s complete patent history, request access »

Ideal Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Ideal Former Investors (5)

Investor Name Investor Type Holding Investor Since Participating Rounds
C100 Accelerator/Incubator
MaRS Investment Accelerator Fund Venture Capital Minority
Michael Durland Angel (individual) Minority
Michael Wilshire Angel (individual) Minority
Richard Hyatt Angel (individual) Minority
To view Ideal’s complete investors history, request access »

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Ideal FAQs

  • When was Ideal founded?

    Ideal was founded in 2013.

  • Where is Ideal headquartered?

    Ideal is headquartered in Toronto, Qatar.

  • What is the size of Ideal?

    Ideal has 13 total employees.

  • What industry is Ideal in?

    Ideal’s primary industry is Business/Productivity Software.

  • Is Ideal a private or public company?

    Ideal is a Private company.

  • What is Ideal’s current revenue?

    The current revenue for Ideal is .

  • How much funding has Ideal raised over time?

    Ideal has raised $5.5M.

  • Who are Ideal’s investors?

    C100, MaRS Investment Accelerator Fund, Michael Durland, Michael Wilshire, and Richard Hyatt have invested in Ideal.

  • Who are Ideal’s competitors?

    XOR (Human Capital Services), Pymetrics, impress.ai, Jobvite, and Yello are some of the 15 competitors of Ideal.

  • When was Ideal acquired?

    Ideal was acquired on 01-Jan-2021.

  • Who acquired Ideal?

    Ideal was acquired by Dayforce (Business/Productivity Software).

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