Alex, the AI-driven recruiting platform, announced it has raised $20 million in funding to advance AI-powered hiring and candidate discovery. This includes a $17 million Series A led by Peak XV Partners, with support from CHROs at Fortune 500 firms, Y Combinator, Uncorrelated Ventures, and investors such as Tim Sackett, Kris Fredrickson, and Dalton Caldwell. Additionally, a $3 million Seed round led by 1984 Ventures is included. This funding will help Alex enhance AI capabilities, expand its team, and match open roles with the right candidates more effectively.
In today’s competitive job market, companies often struggle to sift through large talent pools efficiently. Traditional hiring processes can be slow, inconsistent, and overly reliant on gut instinct, leaving deserving candidates undiscovered.
AI Agents Driving Smarter Recruitment
Alex uses AI agents to handle video and phone interviews, screen resumes, and schedule follow-ups. Additionally, the agents detect fraudulent candidates, capture structured notes, and integrate seamlessly with applicant tracking systems (ATS). With over 20 autonomous workflows, Alex enables recruiters to evaluate more candidates fairly and uncover talent that might otherwise be missed.
Tim Sackett, General Partner at HR Tech 100 Fund, said, “Alex is a game-changer in talent acquisition. Leveraging AI isn’t optional anymore; it’s essential for top-performing organizations.”
Alex automates repetitive tasks, allowing recruiters to save time and work more efficiently. Consequently, recruiters can focus on building relationships, advising hiring managers, and guiding candidates toward successful careers. This accelerates hiring and improves the quality of hires while giving every candidate a fair chance.
In just 18 months, Alex has supported recruitment for hundreds of companies across tens of thousands of roles. This includes Fortune 100 firms, major financial institutions, nationwide restaurant chains, and Big 4 accounting firms.
Arnav Sahu, Partner at Peak XV Partners, said, “AI agents will eventually manage recruiting end-to-end. Alex is redefining how companies hire and discover top talent.”
Alex’s mission remains clear: ensure no promising candidate is overlooked. By widening searches and leveraging AI-driven insights, Alex closes the gap between roles and qualified talent, empowering recruiters to find the right fit efficiently.
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News Source: Prnewswire.com
