Covey

About Covey

Covey operates as an AI-native recruiting platform designed to streamline the talent acquisition process for companies. The firm’s core offering, Covey Scout, leverages large language models and natural language processing to automate both inbound applicant screening and outbound candidate sourcing. This allows recruiting teams to define their ideal candidate profiles with nuanced criteria, after which the platform's AI bots identify, evaluate, and engage potential hires through personalized, automated outreach campaigns.

The business model centers on providing a more efficient and cost-effective alternative to traditional recruiting methods and tools. By automating time-intensive tasks like resume review and initial outreach, Covey aims to reduce the time-to-fill for open roles and lower the overall cost-per-hire for its clients. The platform includes a fully searchable CRM to manage candidate pipelines and track diversity and inclusion metrics. Covey targets recruiting teams of all sizes, from startups to enterprises, offering pricing plans that are positioned as more accessible than many competing solutions in the talent CRM space.

Initially, the company that raised a $2.5M seed round in July 2022 operated as an investment community under the covey.io domain. That platform was created to find and reward talented investment analysts from any background, using a blockchain-enabled system to track simulated stock portfolios and reward top performers. The mission was to democratize wealth management by identifying and training the next generation of money managers for anyone to copy. The company has since evolved into the AI-powered recruiting solution available at getcovey.com, applying its focus on data-driven evaluation to the human resources technology market.