Arena Raises $10.8 Million To Expand Use Of Data In Hiring

Baltimore-based Arena raised $10.8 million in new funding that will help the company build on traction for its platform that brings big data to the hiring process, CEO Michael Rosenbaum said.

Using data generated through the job application process and applying machine learning and predictive analytics, Arena’s platform helps companies identify job candidates who are the best fit for specific roles and departments.

The company spun of out of software development–focused Catalyte (which Rosenbaum also founded) in 2014 with a focus on healthcare. The platform is now used in more than 450 facilities through previously announced partnerships with systems such as Benchmark Senior Living, Mt. Sinai Health System and Sunrise Senior Living, among others.

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