Alex, the AI recruiting partner transforming how companies discover and hire talent, today announced it has raised $20 million in funding, including a $17 million Series A round led by Peak XV Partners with participation from CHROs at Fortune 500 companies, Y Combinator, Uncorrelated Ventures, and other investors including Tim Sackett, Kris Fredrickson, and Dalton Caldwell. The funding also includes a $3 million Seed round led by 1984 Ventures. This investment will enable Alex to deepen its AI capabilities, expand its team, and further its mission to match every open job with the right candidate.
In today's competitive landscape, companies often struggle to efficiently sift through vast talent pools, leading to missed opportunities for both candidates and recruiters. Traditional hiring processes can be slow, inconsistent, and reliant on gut instinct, preventing deserving candidates from shining.
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Alex leverages AI agents to solve these challenges by conducting video and phone interviews, running resume screens, scheduling follow-ups, detecting fraudulent candidates, capturing structured notes, and syncing seamlessly with applicant tracking systems (ATS). With over 20 autonomous workflows, Alex empowers recruiting teams to look beyond the obvious candidates, evaluate more people more fairly, and uncover hidden gems who might otherwise be overlooked.
"In my 20 years in talent acquisition, I've worked with a ton of recruiting software and Alex is a game-changer," said Tim Sackett, General Partner at HR Tech 100 Fund and a leading voice in talent acquisition. "Adopting the newest and best AI technologies isn't a nice-to-have, it's a necessity for top talent organizations, and Alex is leading the charge."
Alex frees recruiters to focus on what they do best: building relationships with pre-qualified candidates, advising hiring managers, and guiding individuals towards successful careers. This not only accelerates the hiring process but also significantly improves the quality of hires, ensuring that every candidate gets their chance to shine.
In just 18 months, Alex has powered hiring for hundreds of companies across tens of thousands of jobs at some of the world's largest employers — including Fortune 100s, major financial institutions, nationwide restaurant chains, and Big 4 accounting firms.
"In the future, AI agents will run the entire recruiting process autonomously. It's inevitable. Alex.com has incredible customer love and usage curves," said Arnav Sahu, Partner at Peak XV Partners. "In the end-state, Alex could redefine how hiring is done across the entire labor market. We are excited to be a part of this journey with Aaron and John as they build a category-defining company."
Alex's core mission is to ensure that no great candidate is lost in the talent pool. By enabling recruiters to widen their search and delve deeper, Alex provides every candidate the opportunity to be discovered, effectively closing the gap between a promising role and a deserving candidate.
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Source: PRNewswire
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