Alex, the AI recruiting partner transforming talent discovery and hiring for companies, has secured $20 million in funding, comprising a $17 million Series A led by Peak XV Partners and a $3 million Seed round led by 1984 Ventures. With participation from CHROs at Fortune 500 companies, Y Combinator, Uncorrelated Ventures, and investors like Tim Sackett, Kris Fredrickson, and Dalton Caldwell, this capital will enhance AI capabilities, grow the team, and advance Alex's goal of matching every job with the ideal candidate.
In a competitive talent market, companies face inefficiencies in sifting through massive candidate pools, often relying on slow, biased traditional processes that overlook qualified individuals. Alex counters this by deploying AI agents to handle repetitive tasks: conducting video and phone interviews, screening resumes, scheduling follow-ups, detecting fraud, capturing structured notes, and integrating with applicant tracking systems (ATS). With over 20 autonomous workflows, the platform allows recruiters to assess candidates more equitably and identify overlooked talent. "In my 20 years in talent acquisition, I've worked with a ton of recruiting software and Alex is a game-changer," said Tim Sackett, General Partner at HR Tech 100 Fund and a leading voice in talent acquisition. "Adopting the newest and best AI technologies isn't a nice-to-have, it's a necessity for top talent organizations, and Alex is leading the charge."
Alex shifts recruiters' focus from administrative burdens to high-impact activities like fostering candidate relationships, advising hiring managers, and supporting career progression. This approach not only speeds up hiring but also elevates hire quality by ensuring broader, fairer evaluations. In 18 months, Alex has facilitated tens of thousands of hires for diverse employers, from Fortune 100 giants and financial institutions to restaurant chains and Big 4 accounting firms, demonstrating its scalability and impact.
The funding reflects strong belief in Alex's potential to redefine hiring. "In the future, AI agents will run the entire recruiting process autonomously. It's inevitable. Alex.com has incredible customer love and usage curves," said Arnav Sahu, Partner at Peak XV Partners. "In the end-state, Alex could redefine how hiring is done across the entire labor market. We are excited to be a part of this journey with Aaron and John as they build a category-defining company." This investment positions Alex to innovate further, closing the divide between open roles and untapped talent.
Alex's $20 million raise solidifies its role as a pioneer in AI recruiting, automating inefficiencies to promote fairer, faster talent acquisition and ensuring no promising candidate goes unnoticed.
Alex is an AI recruiting partner that automates recruiter busywork. By automating and streamlining workflows in areas including phone screens, video interviews, fraud detection, and notetaking, Alex empowers companies to find the best talent faster and more fairly, while ensuring every candidate has the opportunity to be discovered. Backed by world-class investors including Y Combinator and Peak XV Partners, Alex is used by global employers and Fortune 500 enterprises around the world.
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