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In a Sea of AI Tools, Paraform Bets on People with $20M Series A from Felicis

In a Sea of AI Tools, Paraform Bets on People with $20M Series A from Felicis

July 3, 2025 Craig Etkin

Paraform helps companies move fast on high-stakes hires by equipping elite recruiters with AI to help them scale, not AI that replaces them

SAN FRANCISCO–(BUSINESS WIRE)–Paraform, the hiring marketplace built for elite recruiters, today announced its $20 million in Series A funding led by Felicis, with participation from A*, BOND, Liquid 2, and notable angels including the co-founders of Canva, Instacart, YouTube, and xAI along with Shyam Sankar, Harley Finklestein, Mark Pincus, and others. The raise follows revenue growth of 40x since Paraform’s 2024 seed round and brings the company’s total funding to $25 million.

For early and growth-stage companies hiring for critical roles, the difference between a good hire and a bad one can shape the entire future of the business. In these moments, recruiters are not a cost center, but a competitive advantage.Share

Paraform plans to use the capital to scale its platform to meet surging demand from startups and enterprises alike, deepen product development, and grow its community of recruiters globally. Large enterprises like Palantir, as well as fast growing companies including Cursor, Windsurf, Decagon, and Hightouch use Paraform to match with expert recruiters and fill their hardest-to-find roles.

While generative AI has flooded the recruiting space with tools for parsing resumes, automating outreach, and even conducting interviews, these tools often miss what actually matters. What most businesses ultimately care about isn’t automation, but the quality of the candidates they hire. This is measured not by AI, but by people – specifically recruiters who act as sellers, screeners, and translators of culture and fit.

AI can’t evaluate soft skills, predict team dynamics, or assess whether a candidate will meaningfully contribute to long-term success. For early and growth-stage companies hiring for critical roles, the difference between a good hire and a bad one can shape the entire future of the business. In these moments, recruiters are not a cost center, but a competitive advantage.

“The macroenvironment and rapid evolution of AI are causing massive dislocations in how tech companies operate—and how they hire,” said John Kim, CEO and co-founder of Paraform. “Our conviction is that in this new era, highly skilled recruiters are more important than ever, and this decade will mark their ascendance as closer to sports agents, navigating complex, high-stakes hiring on behalf of companies.”

Companies rely on Paraform to fill their most critical roles, like forward-deployed engineers with security clearances or founding sales hires. With Paraform, these companies gain instant access to a high-quality network of independent recruiters and search firms through a streamlined platform that replaces lengthy agency searches. Paraform delivers vetted candidates quickly, using tools that surface better-aligned candidates and speed up hiring decisions.

The best recruiters have deep networks and great judgment, and they are uniquely able to navigate high-stakes negotiations and decisions. Paraform gives them a platform that reflects and rewards their value.

“Most recruiting platforms today use AI to replace recruiters, but Paraform uses it to empower us,” said Jason Rumney, founder and CEO of Intelletec Group and a top recruiter on Paraform. “That’s what makes the difference. Paraform streamlines the busywork so we can focus on what actually drives results — building relationships and closing critical hires. Instead of getting in the way, its AI helps us do our job better.”

With Paraform, recruiters can focus on what they do best: building relationships, advocating for talent, and closing hires. Paraform also equips recruiters with tools that enhance their effectiveness, like AI-powered candidate relationship management, call transcription, sourcing tools, and workflow automations that save time without sacrificing quality. And because they’re free to work across companies and roles, recruiters on Paraform earn 3–5x more than they would in traditional agency or in-house roles.

“Speed and talent are everything in today’s world,” said Peter Deng, General Partner at Felicis. “Paraform places 10x talent much faster by empowering a marketplace of elite recruiters with modern tools and AI that enhances, not replaces, their judgment. With every search, the Paraform network compounds in intelligence – improving candidate matching, interview efficiency, and recruiter-role fit.”

For more information about Paraform, or to try a demo, visit our website.

About Paraform

Paraform is the hiring marketplace for elite recruiters helping companies fill their most critical roles faster. By combining a high-performance network of independent recruiters and search firms with modern AI tools, Paraform gives companies a faster, more reliable way to hire top talent and gives recruiters the tools and flexibility to thrive. Startups and enterprises alike use Paraform to solve high-stakes hiring with speed, trust, and quality. For more information, visit paraform.com.

Contacts

MEDIA CONTACT

Chelsea Allison
COMMAND for Paraform
chelsea@heycommand.com

(c)2025 Business Wire, Inc., All rights reserved.


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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
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Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

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In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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