Job&Talent Raises €92 Million to Accelerate Growth and Expand AI Capabilities

The Spanish company Job&Talent announced yesterday that it has raised €92 million in a Series F funding round to support international expansion and the implementation of AI technology. The business is now valued at €1.3 billion—a significant drop from its €2.1 billion valuation in 2021.

According to the press release, Job&Talent secured the new investment in equity financing with the participation of investors—new and existing— such as BlackRock, Atomico, Infravia, DN Capital, Hercules, and others.

The tech firm operates a global platform connecting employers and workers in multiple countries across the world. With the new funding, the Madrid-based company will focus on developing its AI agents, accelerate product development, and expand its platform and services.

“Our next-generation AI agents will bring major improvements in productivity, provide better opportunities for workers, and unlock crucial cost savings for companies,” said Juan Urdiales, Co-Founder and Co-CEO at Job&Talent.

Clara, Job&Talent’s first AI agent, is being tested with some of the company’s clients and has conducted 180,000 interviews and contributed to 7,000 hires in the past few months. “Agents can call unlimited candidates within minutes of application, anticipate staffing needs and automate shift planning, and proactively manage attendance by detecting no-shows in real-time,” states the document shared by the company, highlighting the technology’s benefits.

The firm expects to develop a suite of agents to optimize workforce management, reduce costs, and provide exclusive AI agent services to its clients.

The company also acknowledged the challenging macroeconomic environment. According to TechCrunch, the company’s valuation just received a haircut of around $1 billion.

“This round reflects a valuation adjustment in line with broader market dynamics, particularly within the tech and growth-stage sectors,” said a spokesperson from  Job&Talent to TechCrunch. “The funding ensures that Job&Talent remains well-capitalized to execute the next phase of our growth journey.”

Other tech companies have recently experienced valuation haircuts in the market. The American fintech Plaid went from $13.4 billion to $6.1 billion after a recent funding round.