TalentSpring, Inc. secured $1.6 Million in investment from Second Avenue Partners and private investors in their first round of venture capital funding.

The Seattle based company has created a Software as a Service (SaaS) talent sourcing service that is currently being used by 50 small and medium-sized businesses. Releasing publicly in May of 2009, the software allows recruiters and hiring managers to search social networking sites, job boards, and corporate applicant tracking systems to find candidates.

“It is not uncommon for a recruiter to read 2,000 resumes to actually fill a position,” Bryan Starbuck, CEO and Founder of TalentSpring told blogger Joel Cheesman. “We’re solving a huge problem for recruiters by automating the candidate sourcing process of manually reading and ranking resumes. TalentSpring’s technology will allow every recruiter to become an expert candidate sourcer and will save organizations substantial amounts of money.”

For a demo of the SaaS check out the YouTube video below.