Three months ago, Chris Adolphus, a former lead designer at Chaka, established CoverAI with the mission of empowering individuals in their job search for positive outcomes. In an article announcing CoverAI's launch, Adolphus expressed the company's commitment to transforming CVs into compelling narratives of skills and achievements, crafting persuasive cover letters, and mastering interview techniques to help people confidently secure their dream jobs.
Since its inception, CoverAI has garnered significant interest in the market. TechCabal was the first to report that more than 12 potential buyers approached the startup via Acquire, a prominent startup marketplace. Following a series of bids, CoverAI has now been acquired by WriteSea, an online recruitment marketplace based in Tulsa.
Although the exact financial details of the deal have not been disclosed, it is estimated to be valued at under $50,000. When asked about the deal's worth, Adolphus declined to comment, simply stating, "Selling the startup was the plan from day one, but it could have easily been a six-figure deal, considering the tech we built." Adolphus reportedly self-funded the AI platform with approximately $386.
CoverAI positions itself as "the easiest way to optimize a CV, generate compelling cover letters, track job applications, prepare for interviews, and create targeted networking messages." In contrast, WriteSea specializes in streamlining operations, managing projects, customer relationship management, and providing a leading marketplace for businesses seeking optimization and scalability.
Founded by Brandon Mitchell (CEO), Hanzla Ramey (CTO), Leander Howard II (CMO), and Amit Nath (VP of Sales), WriteSea also offers job boards, hiring platforms, and boot camps as part of its managed career services model, aimed at helping marginalized job seekers establish themselves successfully in an unstable job market.
This acquisition of CoverAI positions the startup to enhance its focus on streamlining the job application process. Adolphus envisions a future where applicants can apply for roles in less than five minutes and enter interviews well-prepared and confident, thanks to the acquisition. These aspirations align closely with WriteSea's objectives, which include the acquisition of 1,000 companies in the next two to three years.
Play audio
No comments