Paradox, an Arizona-based AI-enabled recruiting firm that allows its clients to screen and hire employees, answer every candidate question, and optimise conversions, has secured US$ 200 million in a Series C funding round co-led by Thoma Bravo, Stripes and Sapphire on 27 December 2021.
Investors: The latest investment round featured Thoma Bravo, Stripes and Sapphire as the lead investors with participation from Workday Ventures, Willoughby Capital, Twilio, Indeed, Principia Growth, Geodesic Capital, DLA Piper, Brighton Park Capital and Blue Cloud Ventures.
Purpose of the funding: The startup seeks to deploy the proceeds from the funding round towards accelerating the innovation for world-class clients and increasing the size of its team.
About Paradox
Brought to existence in 2016 by Aaron Matos and Olivia Matos, Paradox is developing one of the world’s biggest conversational recruiting software to bring automation with a human touch. Olivia has personified the vision of Paradox as the conversational AI assistant aids corporations such as CVS Health, Unilever, General Motors, Nestle, and McDonald’s automate activities such as onboarding, vetting candidates, interview scheduling and more through easy, intelligent and mobile-first services. Olivia has assisted more than 500 clients worldwide to save millions of working hours in only five years by liberating their workforce to pass the time with people and not just software.
What the Founder has to say: “During the establishment of Paradox, we foresaw the future of software. We estimated that software would become invisible, propelled by the intercourse that compels people to untether from their desktop with the help of an assistant who completes tasks for them. Our vision has been gaining trend in several giant corporates around the globe, and we are delighted for our achievements.”- Aaron Matos, Founder and CEO of Paradox.
What the Investor has to say: “We, at Sapphire, wish to join hands with firms which seek to make a lasting and meaningful mark. Paradox resonates with our thought of such a company. In the last few years, we have witnessed the talent competition unlock, creating extremely fast-paced, hypercompetitive talent domains hitherto observed. The demand for automated and simple HR and recruiting tech has risen exponentially. We are exhilarated to lead the latest funding round and become a part of Paradox’s growth journey as they entirely revolutionise the recruiting process by employing conversational AI.”- Rajeev Dham, Partner at Sapphire.
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