Borderless AI, a Toronto, Canada-based AI-powered startup for Employer of Record (EOR) space, raised $27M in Seed funding.
The round was led by Susquehanna and Aglaé Ventures, with participation from additional undisclosed investors.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Willson Cross, Borderless AI works to bring an AI agent to the HR industry. Its novel AI agent, Alberni, can solve complex problems and automate processes in any country around the world leveraging generative AI to automate and accelerate the process of onboarding, managing, and paying international team members, solving international employment law challenges while accelerating geographic expansion and ensuring compliance in hiring processes.
Available in 170 languages, Alberni can also answer complex employment law, finance or tax queries, an important need for the distributed global workforce and employers looking to scale quickly.
Borderless AI is serving organizations of all sizes and across industries, and claims popular dating app Raya; MG2, a 500+ employee-size, global architecture firm; and Affiniti, a venture-backed fintech startup as customers.
Commenting on the news, Willson Cross said: “Leveraging conversational AI, our platform automates many of the complexities within the global HR stack, without hallucinations, such as payroll set-up, time-off requests, or employment agreement generation. Our AI is fluent in a multitude of languages, allowing for geographic expansion and successful deployment of business operations around the globe.”
FinSMEs
21/03/2024