RCS - CYKEL AI PLC - Update on Cykel AI's Recruitment Agent

Cykel AIAnnouncement

24/04/2025 07:02

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RNS Number : 9462F  CYKEL AI PLC  24 April 2025

24 April 2025

Cykel AI PLC

("Cykel AI" or the "Company")

Initial Uptake in Sales of Cykel AI's Recruitment Agent Show Considerable
Usage of Agentic Candidate Sourcing

Cykel AI PLC (LSE: CYK) is pleased to report early commencement of paid
subscriptions for Lucy, the Company's autonomous AI recruitment agent.

In line with the anticipated commercialisation timeline, Cykel AI has begun
converting early adopters into paying subscribers across Starter
($59/seat/month) and Pro ($249/seat/month) subscription tiers.

Analysis of early subscription usage data has revealed valuable insights into
how customers are implementing Lucy within their recruitment workflows. While
subscribers are utilising the full range of Lucy's capabilities including
agentic email outreach and contact data enrichment, more than half of all
tasks performed relate to sourcing candidates -highlighting the significant
market demand for automated AI-powered candidate sourcing at scale.

Ewan Collinge, CEO & Founder of Cykel AI said: "The conversion of early
adopters into paying subscribers represents a notable validation of Lucy's
value proposition. Particularly noteworthy is the dominance of candidate
sourcing, which provides invaluable intelligence to guide our product
development roadmap and future feature prioritisation. This insight enables us
to optimise Lucy's capabilities where they deliver the most immediate return
on investment for our customers."

The Company's tiered subscription model includes:

● Starter ($59/seat/month): For individuals and small teams hiring 1-3 roles
monthly, with particular emphasis on the agentic email outreach capabilities

● Pro ($249/seat/month): For higher volume recruitment teams who value the
multi-channel outreach functionality across both email and LinkedIn

● Enterprise: For large organisations requiring secure, scalable AI
recruitment infrastructure with comprehensive service level agreements and
custom pricing

"The usage of Lucy's candidate sourcing functionality underscores the critical
importance of efficient, scalable candidate engagement in today's competitive
talent market," added Collinge. "While customers are leveraging Lucy's full
capabilities across the recruitment workflow, the preference for sourcing
validates our development focus in this area. This intelligence enables us to
further refine these high-demand features while continuing to enhance Lucy's
end-to-end recruitment capabilities."

This development follows Cykel's expanding portfolio of specialised digital
workers, including the beta launch of Samson, its AI research agent, announced
on 20 March 2025. The Company continues to execute its strategy of building
autonomous digital workers that transform complex business processes at scale.

For further information, please contact: investors@cykel.ai

About Cykel AI

Cykel AI creates autonomous digital workers that perform complex business
tasks without human supervision. The Company's expanding portfolio includes
Lucy (recruitment), Samson (research analysis), and Eve (sales), all built on
TaskOS - Cykel's proprietary AI agent infrastructure. Cykel's digital workers
operate alongside human teams, enabling businesses of all sizes to transform
their operations at scale.

www.cykel.ai (http://www.cykel.ai)

 

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