ZipRecruiter raises $156 million
04 Oct 2018
Online recruitment marketplace ZipRecruiter has raised a Series B round of $156 million, the company announced today. It was valued at $1.5 billion in the new round, making it an official member of the billion-dollar-value “unicorns.”
ZipRecruiter says the financing will “accelerate the company’s continued growth as well as its ongoing investment in artificial intelligence-powered matching technology.”
“The rise of AI has transformed how employers source talent and job-seekers find work,” co-founder and CEO of ZipRecruiter Ian Siegel (LinkedIn profile) said. He added that the new money will be used to “double down” on building out more AI at the company.
Founded in 2010 and based in Santa Monica, Calif. (with R&D in Israel and another office in the U.K.), ZipRecruiter has grown from 150 staff members four years ago to nearly 1,000 today. The company says it has helped more than 1.5 million businesses find employees and has received more than 430 million job applications. Eighty percent of employers who post a job on ZipRecruiter receive a candidate through the site within the first day. Most job-seekers receive a notification that their application has been viewed by a hiring manager within 48 hours of submitting their resume.