Jobandtalent Secures $103M in Down Round Amid AI-Driven Growth Strategy

Jobandtalent Secures $103M in Down Round Amid AI-Driven Growth Strategy
Jobandtalent, an AI-based marketplace for hourly workers, has raised €92 million ($103 million) in a down round that places its valuation at $1.5 billion. This Series F funding, involving prominent investors like Atomico and BlackRock, marks a significant adjustment from its previous $2.35 billion valuation. Despite challenging market conditions, the company aims to leverage AI to enhance recruitment efficiency, with plans to introduce AI agents like Clara, which has already conducted 180,000 interviews. Jobandtalent intends to use this funding to expand internationally and further integrate AI into its platform.