Paradox, the startup that developed Olivia – a digital recruiter that communicates with job applicants, completed a $200 million round of funding at a value of $1.5 billion and has become a unicorn, due to the company’s investment in the digital recruiter.
Olivia, Paradox’s core product, is a virtual personal assistant that joins human recruitment teams and helps them automate all recruitment processes. For example, the software checks and screens the suitability of a resume for relevant jobs, carries out automatic interview scheduling, reminds the candidate to fill out forms and provides information that would be accessible to recruitment teams and other candidates. It can also send job offers automatically to possible candidates.
Over the past year, Olivia has conducted 30 million job interviews for hundreds of companies in some 50 countries and has independently scheduled 3.1 million interviews. Paradox began operating in Israel in early 2021 after acquiring the startup Spetz, whose workers integrated with the company.
