(DIYA TV) — Hired, a San Francisco-based jobs marketplace company founded by Indian-American Mehul Patel, recently received a fresh $40 million investment led by Lumia Capital, taking the company’s overall funding north of $70 million since its founding in 2012.
Patel, who serves as the company’s CEO, has taken a different approach to helping Silicon Valley’s endless number of engineers and tech workers fulfill their dreams of working in the industry. VentureBeat wrote: individuals don’t apply to be hired by companies — companies apply to hire them. Employers can access a curated candidate pool, while also seeing competing bids so they have the opportunity to improve their offer before the candidate makes a final decision.
The service is free for job-hunters, and the Hired website touts all the jobs on its site offer salaries which range from $75,000 to $250,000.
Patel has taken the company international — Hired first expanded outside of the U.S. last March, opening offices in the United Kingdom, then another north of the border in Canada late last year. Hired is looking to ramp-up their efforts to grow into a global force currently, exploring the acquisitions of Melbourne-based Jobbop, and Paris-based startup named Breaz, which connects tech and sales personnel with local firms.
To complete the trifecta, Hired’s third acquisition comes in the form of California startup Zlemma, which has helped such companies as Google, Amazon and Walmart expand recruiting through its “semantic search engine,” which pairs available jobs with the correct candidates. Zlemma’s acquisition will see Hired directly implement the company’s algorithmic technology into its own, effectively doubling its reach and impact.
Hired also announced its soft-launching of new offices in Singapore.
Historically, the company has been solely focused on the hiring and promotion of technology workers, though now, Patel is pointing the company in an entirely new direction, introducing new programs for sales personnel, and even positions for freelance writers. He opined the company could be developing into “one of the most important startups” of the next decade.
“I could draw plenty of analogies between our business and other well-known marketplace companies re-imagining massive — and massively broken — industries that have not seen change in decades, but instead I’ll just say that I feel confident we’ll soon take our place among them,” he said.
“All of the pieces are in place for us to scale business exponentially and to make Hired a household name. What’s more, I hope that we become known as a company that’s doing something really important. Not just delivering your dry cleaning or walking your dog, but helping giving you the tools to make a critical life decision with ease. There’s work to do yet, but I know we’re already well on our way,” he added.
