Connectifier

Last updated
Connectifier, Inc.
Type Subsidiary
Industry Internet, Recruitment
Founded California, United States (December 2011 (2011-12))
FounderJohn Jersin
Benjamin McCann
Headquarters
1000 W Maude Ave, Sunnyvale, California
,
United States
Parent LinkedIn
Website www.connectifier.com

Connectifier was an American company that developed machine learning-based searching and matching technology to help recruiters and hiring managers find talent. [1] [2] The company was acquired by LinkedIn in February 2016 and operated as a wholly owned subsidiary until April 2020. [3] [4] The company had roughly 50 employees at the time of acquisition and drew its bench of AI talent from prestigious institutions including Google, Amazon, Stanford, Microsoft Research, NASA, Caltech, Carnegie Mellon, and Berkeley National Lab. [5]

History

Connectifier was founded in 2011 by John Jersin and Benjamin McCann. [6] [7]

At the time of its acquisition, Connectifier had raised a total of $12 million across three rounds of funding. [8] In 2013, the company participated in Class 4 of the Launchpad LA accelerator started by Mark Suster receiving a $50,000 (~$58,167 in 2021) investment and recruited its first two employees from Google. [9] [10] [11] The company announced it secured Series A financing of $6 million (~$6.78 million in 2021) on June 16, 2015. [12] [13] In October of 2015, the company raised an additional $6 million in Series B financing. [1] [14]

By 2015, the company was reported to have grown at a rate of nearly 500% annually reaching a run rate of $10 million in annual recurring revenue 18 months after launch. [15] It was reported later that year that Connectifier had tens of thousands of recruiters as clients and was delivering two to four times as many candidates as LinkedIn. [16] [17] By 2016, Connectifier's customers included over 40% of the Fortune 100. [18] [19]

LinkedIn announced it had entered into a definitive agreement to acquire the company on February 4, 2016. [20] [21] [22]

Connectifier's technology and features were integrated into LinkedIn Recruiter and Microsoft Bing and the product was sunset as a standalone offering on April 30, 2020. [23] [24]

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References

  1. 1 2 Lunden, Ingrid (2015-10-27). "Connectifier Raises $6M More For Its AI-Based Recruitment Search". TechCrunch. Retrieved 2018-04-03.
  2. ↑ Florentine, Sharon (2015-11-30). "Is Connectifier the next LinkedIn for recruiters?". CIO.com. Retrieved 2018-04-03.
  3. ↑ "Sold to LinkedIn: O.C. job headhunter startup Connectifier will move to Bay Area". Orange County Register. 2016-02-05. Retrieved 2018-04-03.
  4. ↑ "LinkedIn's Acquisition of Connectifier". LinkedIn Help. Retrieved 2018-04-03.
  5. ↑ "LinkedIn acquires recruitment technology startup Connectifier". TechGenyz. 2016-02-06. Retrieved 2019-06-26.
  6. ↑ "Connectifier, Inc.: Private Company Information". Bloomberg. Archived from the original on 2018-06-12. Retrieved 2018-04-03.
  7. ↑ "Ex-Googlers Raise $6M For Connectifier, An AI Approach To Recruitment Search – TechCrunch". Techcrunch. 16 June 2015. Retrieved 2018-04-03.
  8. ↑ "Why Does LinkedIn Need Connectifier?". ERE Media. 7 February 2016. Retrieved 14 October 2021.
  9. ↑ Carney, Michael (2013-01-04). "Launchpad LA doubles down on accelerator, now offering companies $100k". Pando Daily. Archived from the original on 2015-06-23.
  10. ↑ "LaunchpadLA Application Deadline Nears, As Class Graduates - socaltech.com". www.socaltech.com. Retrieved 2022-09-22.
  11. ↑ "TechZulu • Meet Launchpad LA's Graduating Startups". TechZulu. 2013-02-09. Retrieved 2022-09-22.
  12. ↑ "Connectifier Announces $6 Million in Series A and Launches Search Powered Recruiting Software". Yahoo Finance. Retrieved 2018-04-03.
  13. ↑ "Congratulating Connectifier on Their Series A Raise". True Ventures. 2015-06-16. Retrieved 2018-04-03.
  14. ↑ "Connectifier in $6M Funding Round". Orange County Business Journal. 2015-10-28. Retrieved 2018-04-03.
  15. ↑ "Connectifier Raises $6M In Series B For Search Driven Recruiting Software". 28 October 2015. Retrieved 14 October 2021.
  16. ↑ "LinkedIn says big data helps small firms reap big rewards from its recruitment services, but rival Connectifier vows better results". South China Morning Post. 2015-12-03. Retrieved 2022-09-21.
  17. ↑ Weldon, David (2015-06-06). "Connectifier hopes to revolutionize passive tech-recuiting with new BI approach". Fierce CIO. Archived from the original on 2015-06-22.
  18. ↑ "Connectifier - Recruiting Intelligence". 2016-03-23. Archived from the original on 2016-03-23. Retrieved 2021-07-10.
  19. ↑ Thomas, Parker (2016-03-15). "How the Acquisition of Connectifier Could Benefit LinkedIn". Yahoo Finance. Retrieved 2022-09-22.
  20. ↑ "LinkedIn Announces Fourth Quarter and Full Year 2015 Results". www.sec.gov. Retrieved 2018-04-03.
  21. ↑ "Connectifier Acquired by LinkedIn". Wall Street Journal. 2016-02-05. ISSN   0099-9660 . Retrieved 2022-09-21.
  22. ↑ Novet, Jordan (2016-02-04). "LinkedIn acquires recruiting startup Connectifier". VentureBeat. Retrieved 2022-09-21.
  23. ↑ "Breaking Connectifier is Officially Shutting Down". WizardSourcer. 2020-03-12. Retrieved 2020-10-20.
  24. ↑ "Connectifier Is No Longer Available". LinkedIn Recruiter Help. Retrieved 2022-09-21.
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