ZipRecruiter secures $156M for its AI-powered recruitment platform

by Joyce Famakinwa
October 4, 2018
ZipRecruiter raises $156M
photo via ZipRecruiter

It’s payday for ZipRecruiter.

The LA-based employment and recruitment platform said Thursday that it has raised a whopping $156 million in a Series B funding round, aimed at fueling the company’s growth — and its ongoing investment in AI-powered matching technology and mobile apps.

“The rise of AI has transformed how employers source talent and job seekers find work,” Ian Siegel, co-founder and CEO of ZipRecruiter, said in a statement announcing the deal. “Unparalleled matching is the reason ZipRecruiter is a top-rated job posting solution and the #1 rated job search app for job seekers online. This financing will be used to double down on our market-leading technology advantage. ZipRecruiter is ushering in the age of smart recruiting.”

ZipRecruiter’s platform allows employers to post open positions and curates job candidates based on the skills and experience needed for the position. The company also filters jobs through sites like LinkedIn and Facebook.

According to the release, ZipRecruiter has helped more than 1.5 million businesses across various industries recruit talent. Wellington Management Company and returning investor IVP co-led the round.

The company has raised $219 million in funding to date.

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