Carlyle Group Makes Large Investment In AI Hiring Firm HireVue

Large investment and equity firm Carlyle Group has taken a majority stake in an artificial intelligence (AI) hiring firm called HireVue, according to a report by Bloomberg.

The move comes as an increasing number of private equity firms are making moves and deals in the rapidly growing sector. HireVue’s existing investors include Sequoia Capital, Granite Ventures and TCV, all of whom will stay on as minority partners.

HireVue has worked with many different businesses, including Hilton Worldwide Holdings Inc., JPMorgan Chase & Co. and Delta Air Lines. The company uses AI tools to help its clients make hiring decisions, and also pioneered a video interviewing platform that is widely used in the sector.

The value of the deal was not disclosed. Carlyle has been investing heavily in areas it considers vital to its continued growth, like telecommunications, worldwide technology and media. The company has already said it plans to spend around $30 billion in the tech area.

The HireVue deal is being handled by the company’s growth team, which is based in Menlo Park in California. Carlyle, which has about $223 billion in assets, will use its $18.5 billion private equity fund for the deal, at a time when companies throughout the industry are enjoying a rise in fundraising.

HireVue isn’t the only company that was on Carlyle’s radar; the company also recently invested in DiscoverOrg, which utilizes data to aid other companies in the growth of sales, marketing and recruiting.

Blackstone Group, another investment firm, is also trying to execute more growth equity investments. The company recently hired Jon Korngold, a former senior leader at General Atlantic, to create and oversee a new platform that will focus on the company’s growth.