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ZipRecruiter

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ZipRecruiter, Inc.
Type of site
Public
Traded asNYSE: ZIP
Founded2010; 14 years ago (2010)
HeadquartersSanta Monica, California
Founder(s)Ian Siegel
Joe Edmonds
Ward Poulos
Will Redd
Key peopleIan Siegel (CEO)
IndustryEmployment websites
RevenueIncrease US$418.1 million (2020)[1]
Employees1,000[2]
URLziprecruiter.com

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

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

[edit]

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

[edit]

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]

References

[edit]
  1. ^ ZipRecruiter files for direct listing on NYSE: 2020 saw profitability despite 3% decrease in revenue - AIM Group
  2. ^ "Forbes Companies". Forbes. Retrieved 17 May 2019.
  3. ^ "Growth spurt pushes ZipRecruiter into bigger digs". American City Business Journals. 13 June 2018. Retrieved 2019-03-05.
  4. ^ a b Bonn, Tess (2018-09-20). "ZipRecruiter CEO downplays threat of artificial intelligence on job market". The Hill. Retrieved 2019-03-05.
  5. ^ Libassi, Matthew (2016-08-23). "ZipRecruiter: From the Kitchen Table to the Big Time". FOXBusiness. Retrieved 2019-03-05.
  6. ^ "For job seekers, search is out, 'curation' is in". USA TODAY. Retrieved 2019-03-05.
  7. ^ "ZipRecruiter announces AI tool that matches businesses with ideal job candidates". VentureBeat. 2018-06-14. Retrieved 2019-03-05.
  8. ^ King, Peter (February 10, 2019). "These apps can aid in your job search". Newsday. Retrieved 2019-03-05.
  9. ^ Schleifer, Theodore (2018-02-06). "ZipRecruiter is raising money for the first time in almost four years". Recode. Retrieved 2019-03-05.
  10. ^ "ZipRecruiter hiring more than 200 in Tempe". American City Business Journals. 30 January 2017. Retrieved 2019-03-05.
  11. ^ Danney, Micah. "Israel tech team grows as it drives US jobs site expansion". The Times of Israel. Retrieved 2019-03-05.
  12. ^ "ZipRecruiter expands in Tempe, continues hiring". USA TODAY. Retrieved 2019-03-05.
  13. ^ "Northern Virginia Media Services partners with ZipRecruiter". INSIDENOVA.COM. Retrieved 2019-03-05.
  14. ^ Orbach, Meir (2018-05-29). "ZipRecruiter Expands Israeli Research and Development Center". CTECH - www.calcalistech.com. Retrieved 2019-03-05.
  15. ^ White, Ronald D. (2018-11-23). "ZipRecruiter's Ian Siegel uses artificial intelligence to disrupt industry". SFGate. Retrieved 2019-03-05.
  16. ^ Walker, Rob (2016-07-08). "Getting Past the First Cut With a Résumé That Grabs Digital Eyes". The New York Times. ISSN 0362-4331. Retrieved 2019-03-05.
  17. ^ Ellingson, Annlee (31 March 2015). "Q&A: With ZipHire, ZipRecruiter moves toward becoming a full-service HR platform". The Business Journals. Retrieved 2019-03-05.
  18. ^ White, Ronald D. (11 November 2018). "Ian Siegel employs artificial intelligence to disrupt the job recruitment industry". Los Angeles Times. Retrieved 2019-03-05.
  19. ^ "Column: ZipRecruiter turned hiring into a beauty pageant where everyone loses". PBS NewsHour. 2017-08-29. Retrieved 2019-03-05.
  20. ^ Cohen, David. "Another Shot at LinkedIn? Facebook Integrates Job Listings From ZipRecruiter". Adweek. Retrieved 2019-03-05.
  21. ^ "Facebook partners with ZipRecruiter and more aggregators as it ramps up in jobs". TechCrunch. 28 September 2017. Retrieved 2019-03-05.
  22. ^ Lusinski, Natalia. "7 Apps That Will ACTUALLY Help You Find A Job". Bustle. Retrieved 2019-03-05.
  23. ^ a b Speed, Richard. "ZipRecruiter has been flying low: User email addresses exposed to unauthorised accounts". Theregister.co.uk. Retrieved 2019-03-05.
  24. ^ "New Jersey Woman Targeted By Scam Artist On Popular Job Site ZipRecruiter". WCBS-TV. 2018-08-31. Retrieved 2019-03-05.
  25. ^ "ZipRecruiter Expands Into Canada to Connect Talent to Opportunity". www.hrtechnologist.com. Retrieved 2019-08-02.
  26. ^ Blum, Brian. "ZipRecruiter expands to Canada". AIMGroup.
  27. ^ "ZipRecruiter Announces Filing of Registration Statement for Proposed Public Direct Listing of Its Class A Common Stock". ZipRecruiter. 2021-04-23. Retrieved 2021-06-28.
  28. ^ "UFC renews "eight-figure" Modelo deal". SportsPro. 2021-09-02. Retrieved 2021-09-20.
  29. ^ "ZipRecruiter Cuts 20% of Workforce in Latest Tech-Sector Layoffs". Bloomberg.com. 2023-05-31. Retrieved 2023-05-31.
  30. ^ Gage, Deborah (2014-08-26). "ZipRecruiter Raises $63M To Make Jobs Easier to Find and Fill". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-03-05.
  31. ^ "ZipRecruiter now valued at $1.5 billion". bizjournals.com. Retrieved 2019-03-05.
  32. ^ "ZipRecruiter picks up $156M, now at a $1B valuation, for its AI-based job-finding marketplace". TechCrunch. 4 October 2018. Retrieved 2019-03-05.
  33. ^ "ZipRecruiter adds ex-Facebook, LinkedIn, GoDaddy execs to board". The Business Journals. Retrieved 2019-03-05.
  34. ^ Dignan, Larry. "ZipRecruiter raises $156 million in VC funding and here's where AI fits". ZDNet. Retrieved 2019-03-05.
  35. ^ "ZipRecruiter Is Valued at $1.5 Billion in a Bet on AI Hiring". Bloomberg.com. 2018-10-04. Retrieved 2019-03-05.
  36. ^ "ZipRecruiter Raises $156 Million | Los Angeles Business Journal". Los Angeles Business Journal. 4 October 2018. Retrieved 2019-03-05.
  37. ^ "ZipRecruiter raises $156 million to match job candidates with employers". VentureBeat. 2018-10-04. Retrieved 2019-03-05.
  38. ^ Geron, Tomio (2018-10-04). "ZipRecruiter Raises $156 Million at Valuation Above $1 Billion". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-03-05.
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