Conversational AI Paradox Raises Funds, Reaches Unicorn Status
Hiring and employee management conversational AI developer Paradox has raised $200 million in a series C funding round led by Stripes, Sapphire, and Thoma Bravo. The new funding round elevates Paradox and its Olivia virtual assistant to unicorn status with a valuation of $1.5 billion. The Olivia assistant created by Paradox handles a number of […]
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Hiring and employee management conversational AI developer Paradox has raised $200 million in a series C funding round led by Stripes, Sapphire, and Thoma Bravo.
The new funding round elevates Paradox and its Olivia virtual assistant to unicorn status with a valuation of $1.5 billion. The Olivia assistant created by Paradox handles a number of the more routine tasks usually assigned to human resources and recruitment departments. The AI marks relevant job applications for advancement, sets up interviews, and can run new employees through the administrative tasks they need to complete once the company hires them.
Olivia also answers questions for current and potential employees about the company. Paradox’s AI operates in both text and voice forms, as a chatbot and as a voice app accessible through Amazon Alexa and Google Assistant. And while Olivia is the name and face of the AI, Paradox offers several other names and faces, as well as more than 100 language options, all adjustable to the client’s requests.
Also Read: How is Conversational AI Powering Marketing and Sales
“This fundraise was entirely about team building,” said Aaron Matos, CEO, Paradox. “It’s a new starting line in a bigger race that resets expectations of the future we can create with our clients. We’ll continue to build the most innovative software in the industry, all while we grow and develop Team Paradox — the collection of people working tirelessly every day to create magical moments for our clients and their candidates.”
“When we created Paradox, we saw a future where software became invisible — driven by conversations that untether people from their desktop through an assistant who gets work done for them,” Matos said. “That vision is now taking hold in some of the biggest companies in the world and we couldn’t be prouder of that accomplishment.”
