What does Paraform do?
Paraform is a marketplace built for elite recruiters that equips them with advanced tools such as AI-powered candidate relationship management, call transcription, sourcing tools, and workflow automations. This allows recruiters to build relationships, advocate for talent, and close hires more efficiently for companies filling critical roles.
How much did they raise?
The company raised $20M in a Series A round led by Felicis, with participation from investors including A*, BOND, DST Global, Liquid 2, and angels like Shyam Sankar, Harley Finklestein, and Mark Pincus.
What are their plans for the money?
Paraform plans to use the funds to scale its platform to meet the surging demand from startups and enterprises, deepen product development, and expand its global community of recruiters, which could significantly enhance the efficiency in filling challenging roles.
What have they achieved so far?
The platform has already proven its effectiveness by being used by major enterprises such as Palantir and fast-growing companies including Cursor, Windsurf, Decagon, and Hightouch, demonstrating its strong market presence.