Borderless AI, a revolutionary startup at the forefront of the Employer of Record (EOR) industry, has secured $27m in seed funding, the company is set to redefine the global HR landscape with its cutting-edge AI technology.
This notable seed funding round has been led by Susquehanna and Aglaé Ventures, associated with Bernard Arnault, the world’s wealthiest individual. Additional institutional investors have also played a crucial role in this financial boost. Founded by the visionary Willson Cross and Sean Aggarwal, known for his early investment in Lyft, Borderless AI emerges during a pivotal time of growing investment and interest in sector-specific AI technologies.
At its core, Borderless AI is dedicated to transforming the HR industry by automating the complexities of managing international teams. Through its groundbreaking AI agent, Alberni, the startup aims to streamline the onboarding, managing, and payroll processes for global teams. Alberni’s capability to navigate the intricacies of compliance, tax law, and payment challenges is unprecedented, offering solutions within a mere 10 minutes compared to the traditional 7-10 business days.
The newly acquired funds are earmarked for further development and global expansion of Alberni. This AI agent, fluent in 170 languages, is not only a tool for rapid employment agreement generation but also a comprehensive solution for employment law, finance, and tax queries. Its introduction is set to revolutionize how legal and HR teams operate, offering speed, cost savings, and compliance assurance.
Borderless AI’s platform is already making waves across various industries, boasting clients like MG2 and Affiniti. The company’s strategic partnership with Large Language Model leader Cohere and its proprietary data platform underscores its commitment to accuracy and trust in AI deployment.
In the words of Borderless AI Co-founder and CEO Willson Cross, “As the first company in the world to bring AI agents to HR, we are firm believers that AI agents will become commonplace for companies just like websites in the 90s and mobile apps in the 2000s.
“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.”
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