ZipRecruiter

Last updated
ZipRecruiter, Inc.
Logo of ZipRecruiter.png
Type of site
Public
Traded as NYSE:  ZIP
Founded2010;14 years ago (2010)
Headquarters Santa Monica, California
Founder(s) Ian Siegel
Joe Edmonds
Ward Poulos
Will Redd
Key peopleIan Siegel (CEO)
Industry Employment websites
Revenue Increase2.svg US$418.1 million (2020) [1]
Employees1,000 [2]
URL ziprecruiter.com

ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers. [3] [4] [5] [6] [7] [8]

Contents

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]

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]

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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