Internmatch Receives $ 4 Million in Financing to Help Students Get Jobs with Big Data

InternMatch, a startup founded in 2009, recently raised $ 4 million from Internmatch for the purpose of using big data to help college students find jobs.

In more detail, the company helps employers to find internships and junior positions, while also helping employers recruit candidates by demonstrating their company's culture. Students can also watch corporate videos on their website, find suitable employment opportunities, and learn about interviewing etiquette and other related topics. InternMatch claims more than 650,000 unique student students per month on its site. Students have free access to the site, but businesses must pay to be able to post jobs and show themselves.

The site now has a lot of data collected, including student interests, grades, skills, and resumes that match their positions. The company plans to use data-driven algorithms to recommend jobs to students and help companies find candidates that match their needs or hired in the last hiring.

This round of financing led by Artis Ventures and Subtraction Capital led investor 500 Startups also participated in this round of financing. This round of funding will be used to expand the engineering team.

In recent years, start-ups have been emerging to help companies connect with graduates. Last month, CollegeFeed, a LinkedIn equivalent of startups, was just released and its social network helps students understand and showcase potential employers. MindSumo, which debuted earlier this year, received funding from Google Ventures, a corporate-sponsored mini-competition online marketplace where students can demonstrate their skills and get the company exposed to new ideas and talent. LastCollege, founded last year, has also recently updated its job site to add a new social layer to its students.

This shows that the employment website has become increasingly competitive. The trend in this area will be to use socialization and big data to enhance the communication and matching between job seekers and employers, and to provide rich and comprehensive means for job-seekers and employers to show themselves.