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ZipRecruiter Is Valued at $1.5 Billion in a Bet on AI Hiring

In the future, the tedious process of sorting through job applications will be done mostly by a computer. In fact, according to ZipRecruiter Inc. Chief Executive Officer Ian Siegel, much of it already is.

On Thursday ZipRecruiter announced that it had raised $156 million from investors in a funding round that valued the company at $1.5 billion, making the online hiring marketplace and jobs board the newest tech unicorn. The round was co-led by Wellington Management Co., investing in the company for the first time, and IVP, which had participated in an earlier round.