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Param

Category: AI in HR & Talent

An AI-powered predictive recruitment platform that automates candidate discovery, screening, and stack-ranking to streamline enterprise hiring workflows. Param was founded in 2017. The company is led by Hari Krishna Morthala. Based in Hyderabad, India. Team size: 11-50. Total funding raised: $270,000. Latest round: Seed. Key investors include ["Core Financials LLC","Ashish Vidyarthi"].

Founded
2017
Headquarters
Hyderabad, India
Team size
11-50
Total funding
$270,000

Value proposition

Reduces time-to-fill and cost-per-hire by automating the 'top of the funnel' screening process and rediscovering high-potential candidates within existing talent databases.

Products and solutions

["Param Inbound: Automated screening and stack-ranking of new applicants.","Param Outbound: AI-driven candidate sourcing and discovery from external pools.","Param Retarget: Intelligent rediscovery of past applicants from existing ATS databases.","Param Analytics: Robust reporting dashboard for pipeline movement and source efficiency.","Param Recruit: A unified 'Hiring-OS' that integrates with existing business tools."]

Unique value

Acts as an 'intelligence layer' that sits on top of existing Applicant Tracking Systems (ATS), allowing companies to leverage AI without replacing their core HR infrastructure.

Target customer

Enterprise talent acquisition teams, high-volume recruitment agencies, and HR departments at large-scale corporations.

Industries served

["Information Technology & Services","Banking & Financial Services","Healthcare & Life Sciences","Manufacturing","Enterprise Software"]

Technology advantage

Uses proprietary Machine Learning and Natural Language Processing (NLP) to analyze historical hiring patterns and standardize unstructured resume data for bias-free, data-driven ranking.

How they differentiate

Param acts as an 'intelligence layer' that sits on top of existing Applicant Tracking Systems (ATS) like Oracle and SAP, rather than replacing them. It uses proprietary NLP to stack-rank candidates and 'rediscover' talent already sitting in a company's database, significantly reducing sourcing costs.

Main competitors

["Eightfold.ai","Phenom","HiredScore"]

Key partnerships

["Oracle (Integrated with Oracle HCM Cloud)","SAP SuccessFactors (Marketplace Partner)","Workday, Greenhouse, and Taleo (ATS Integration Partners)","Core Financials LLC (Institutional Investor)","T-Hub (Startup Incubator Partner)"]

Notable customers

["Oracle (Integration Partner/Customer)","SAP (Integration Partner/Customer)","Deloitte","T-Hub"]

Major milestones

["Founded in 2017 by recruitment industry veterans from Amazon and Oracle.","Secured Seed funding in May 2017 to develop AI-led ranking algorithms.","Launched integration with Oracle HCM Cloud and SAP SuccessFactors.","Expanded product portfolio to include 'Param Outbound' and 'Param Retarget' for automated talent discovery.","Achieved a consistent growth trajectory reaching the $300K+ ARR milestone by 2024."]

Growth metrics

Reported approximately $314K ARR in 2024 with consistent year-over-year revenue growth; team size maintained between 11-50 employees.

Market positioning

Enterprise AI recruitment middleware and automation specialist.

Geographic focus

India, North America, and the Middle East.

Patents and IP

No specific registered patents disclosed; utilizes proprietary algorithms and developer APIs for custom AI-led hiring workflows.

About Hari Krishna Morthala

Hari Krishna Morthala is the Co-founder and CEO of Param. He previously founded Stockroom.io, a platform for curated technical talent. His professional background includes significant experience in recruitment and talent acquisition at global technology giants such as Amazon and Oracle, where he specialized in technical sourcing and hiring strategies.

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