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ZipRecruiter
Online employment marketplace From Wikipedia, the free encyclopedia
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ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers.[3][4][5][6][7][8]
The company is headquartered in Santa Monica, California[9] with offices in Tempe, AZ;[10] London, UK and Tel Aviv, Israel.[11][12][13][14]
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History
ZipRecruiter was founded in 2010 by Ian Siegel,[15] Joe Edmonds, Ward Poulos and Will Redd.[16][17]
In June 2015, as the company began growing, they opened an R&D center in Israel and in 2018, claimed to have developed an artificial intelligence algorithm to increase the accuracy of job seeker/employer matches.[18][19][4]
In 2017, Facebook also partnered with the company and integrated ZipRecruiter into its platform.[20][21]
In 2018, the company reported that over 1.5 million businesses and 430 million job seekers used its platform.[22]
In December 2018, the company's users' names and email addresses were exposed in a data breach.[23][24] ZipRecruiter claimed that they were able to fix it within 90 minutes after the technical glitch was reported.[23]
In March 2019, ZipRecruiter began operating in Canada.[25][26]
In April 2021, the company filed for a Direct Listing. The company went public on May 26, 2021.[27]
In September 2021, ZipRecruiter signed a one-year deal with UFC for a "low seven-figure fee".[28]
In May 2023, ZipRecruiter announced it laying off 20% of its staff, about 270 roles.[29]
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Funding
ZipRecruiter delayed raising venture capital until 2014, when the company's first round of financing of $63 million was led by IVP.[30]
In October 2018, the company raised $156 million for its online employment marketplace, which brought its total funding to $219 million.[31][32] Blake Irving, Cipora Herman, and Emilie Choi were added as new members to its board.[33] The October 2018 raise was at a valuation of $1 billion.[34][35][36][37][38]
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References
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