Jobandtalent, a Madrid-based human resources technology company, recently announced that it has secured $108M in a funding round led by SoftBank Vision Fund 2. The funding will be used to expand the company’s global footprint and to accelerate the development of its AI-powered recruitment platform.
The company’s platform, which combines AI and machine learning, helps businesses to streamline their recruitment processes, reducing the time and costs associated with hiring. Jobandtalent’s technology matches candidates to job openings based on their skills, experience, and location. The company has more than 80,000 Lomasters, which are candidates who have completed a skills test on the platform.
Jobandtalent was founded in 2009 by Juan Urdiales and Felipe Navío. The company has grown rapidly in recent years, with a presence in 15 countries and over 2,000 clients. The company’s clients include major brands such as Coca-Cola, Vodafone, and Deliveroo.
The funding round was led by SoftBank Vision Fund 2, with participation from existing investors including Atomico, Seek, and DN Capital. The investment from SoftBank Vision Fund 2 is a testament to Jobandtalent’s success and the potential of its technology. The fund has previously invested in other successful technology companies, including Uber, Slack, and WeWork.
Jobandtalent’s success is due in part to the growing demand for more efficient and effective recruitment processes. The COVID-19 pandemic has accelerated the trend towards remote work, making it more important than ever for companies to have effective remote recruitment tools. Jobandtalent’s AI-powered platform helps businesses to quickly find and hire the right candidates, regardless of their location.
In conclusion, Madrid-based Jobandtalent’s recent funding round is a testament to the success of its AI-powered recruitment platform. The company’s technology has already helped thousands of businesses to streamline their recruitment processes, saving them time and money. With the new funding, Jobandtalent will be able to further expand its global footprint and accelerate the development of its platform, making it even more efficient and effective for businesses worldwide.