AI-driven recruiting startup is changing the hiring landscape

Finding a job isn’t the process it used to be. If you’re on the hunt for a new occupation, you’ve probably come across an online chat box personality asking how it can help you find your dream job. These virtual assistants or chatbots have literally popped up everywhere—from mobile banking to entertainment ticket websites to food ordering. Now, they’re helping you find a job.

And in order to create those very happy and helpful virtual assistants there are engineering and software-friendly professionals who create the personalities and algorithms to help job seekers in their quest. One of those companies is Paradox Inc., a Scottsdale-based artificial intelligence recruiting startup, a company that just landed $13.34 million in Series A funding.

The non-institutional funding round, which was open to friends and family and close professional associates of the company, closed on Feb. 28 and is classified as growth capital, essentially laying the groundwork for more investment in the product. The company is also using the funding to pump life into sales, marketing and doubling the size of its current staff.

Company founder and CEO, Aaron Matos, has some experience in the recruiting world as he also carried the titles of founder and CEO of Jobing.com, another Scottsdale-based job posting and recruiting machine. Paradox has been self-financed until the opening round of funding and will move on to more finance opportunities after growth.

“We believe that today the recruiting experience should be mobile first and conversational, so we took these ideas and developed our recruiting AI assistant, Olivia,” says Jessica Rush, Chief Marketing Officer at Paradox. “We believe there is an opportunity to help recruiters and hiring managers spend more time with their talent by automating many of the administrative processes that exist in recruiting today.”

Paradox’s mainstay machine learning, artificial intelligence-driven product is the Olivia AI careers assistant. The happy helping chatbot pops up right when you head to the company’s main website and has conversations with job candidates online and touts 24/7 service, answering questions and helping with things like employee referrals and applications. It can even take care of scheduling interviews. The assistant cuts out the middleman in job searching and applying, helping job seekers in communicating with companies through the role of AI.

“We’re proud to work with local Arizona clients, as well as national and global organizations who care about leading their industries in recruitment and candidate experience,” adds Rush.

Currently, the tech startup is housed in southwest Scottsdale and is run by 45 employees as well as 30 off-site employees. Matos is currently planning to bring on another 45 employees within the next year to help with everything from software engineering to sales before expanding to Dallas and Chicago for regional operations.

At this point, Paradox has around 200 mid-market and enterprise customers on its roster with a shift in focus to boost the latter in the coming months. Customers such as Procter & Gamble, CVS Health and Staples are just a few of the startup’s high-profile clients.

Nick Esquer

Add comment

Subscribe to the Dry Heat

Get updates on the most important news delivered right to your email. Fully personalized options. No SPAM. Unsubscribe anytime.

Sign Me Up!

Let’s Get Social

Chamber Business News wants to connect with you. Follow us, tweet, share, post, comment... however you get social is the perfect way to connect.

We're glad you're enjoying Chamber Business News! Subscribing is free and easy.

Sign up below to subscribe to “Dry Heat” our weekday email with top news stories. No SPAM ever & unsubscribe anytime.