Jobandtalent raises $103M on a down-round $1.5B valuation as it looks to AI to recruit temps

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JoyAn AI-based “Workpower as a service” marketplace that connects people every hour employees, it has announced that it has collected € 92 million ($ 103 million).

The series F-which includes Atomos, Blackrok, DN Capital, Hercules, Infravia, Kibo and Kinovic-Post-Money Post-Money is priced at SPEN-based company Madrid.

On the surface, raising a decent round of funds from a well -known list of a unicorn supporters can sound like a strong news.

The reality is somewhat different. It’s a down round for the organization.

Jobandtal, whose operations in 10 countries in Europe, the United States and Latin America, have collected the latest money December 2021A series of $ 500 million e -e -value of $ 2.35 billion.

We have asked for a comment from the company about why we had a haircut about $ 1 billion in its evaluation.

“This round reflects the evaluation consistency in harmony with the vast market dynamics, especially in the technology and growth sectors,” the fund confirms that jobs and talents go to suit for the next phase of our growth. Despite the challenges of the market, the power of our platform and the entire commodity of our entire product. Gone. “

Some arguments may also be a reflection of the European startup scene at the moment.

Plus Side: Jobandtal has been a beneficiary of a strong telwind for years. It came into itself in the surrounding years of Covid -1, when both business and workers were uncertain about what was coming around the corner and attracted to more flexibility. Some specific fields, such as e-commerce and surroundings and the elaborate ecosystem of logistics, were positively serious and needed to fully fulfill a lot of roles.

It was a special flush time for a special kind of role and found the audience willing to take a willing audience to a willing audience to his platform to connect to each other.

The company has said that over the years, it has played more than 5,700 workers in more than 1,220 companies with special emphasis in sectors like Logistics and Retail.

Yet the news of the company’s funds is coming to an unstable time today: Covid -19 epidemics is made by a number of opposition to the European Labor Bazaar Economic waveThe Make opportunities for those who can fill the gaps of skills and human deficiency; Nevertheless, corporate profit can be reduced and a stagnant eurozone economy can spell a more difficult time.

And before you consider what kind of impact you can have AI. It is still disproportionate, but businesses and governments are doing a lot of work on AI, which is an expensive solution for some kind of work, and it can also make bad news for certain tasks.

Jobandtal is sitting in a strange position in that case. The company’s bread and butter remains as a human worker, but it is risky to use AI to “work to work efficiently”. The company has said that the new injection of equity will be used to support the business internationally and to support the platform to invest in AI-driven agents to create a series of agents.

The first of these is called Clara, an agent focuses on the appointment. In an experiment with a limited number of clients, Clara did not interview less than 5,7, the company said, about 000,6 fares and “industrial-top-high rates help, even during the demand period.” Jobandtal is said that the rates are “equivalent to the output of thousands of recruits.”

Jobandtals say there are plans to launch more agents this year to cover other functions previously conducted by humans.

“This capital injection re-confirms our shared viewpoint for the future of job and talent,” Juan Urdullis, co-founder and co-chief executive officer of the startup, said in a statement. “Thanks to the platform that we have created in the past years, we are now well positioned on a fully integrated employment platform that companies help them manage their temporary and internal workplaces more efficiently.

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