Manatal
“Can an AI-native ATS built out of Southeast Asia beat legacy recruitment software (Bullhorn, Workable, Greenhouse) on price and AI depth?”
Founded2017
HQBangkok, Thailand
Total raised$5.1M
Latest roundSeed
IndustryVertical SaaS / HR & Recruiting
The story
Manatal is an AI-native recruitment SaaS (ATS + CRM) headquartered in Bangkok, backed by Sequoia Surge. The company serves ~10,000 recruitment teams across 135+ countries and has evolved from a lightweight ATS into an AI-first platform with candidate enrichment, AI-powered recommendations, an AI Interviewer, and native LLM (MCP) integrations. It is a pure SaaS business with no embedded finance product surface — the only financial infrastructure is Stripe as the merchant of record for subscription billing.
Last 12 months
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Product timeline
2017
Manatal founded in Bangkok as an AI-powered recruitment software (ATS + CRM).· launch
2024
Launched Manatal AI Interviewer for automated video screening.· product
2025
Introduced MCP Server integration enabling ChatGPT, Claude and other LLMs to query Manatal account data.· product
The stack
1 layer disclosed in Manatal’s embedded-finance stack
Payments / PSP
Accounting gap: none