Farther down, you’ll find a complete list of 258 Actively Hiring startups across sectors that meet that criteria.

5 funded AI startups that are hiring

Company: Measurabl

• Position: Vice president of people operations
• Salary: $221,398 to $270,598
• Location: San Diego, California
• What it does: Measurabl develops an ESG (environmental, social, governance) data management platform for commercial real estate.
• Why it’s cool: We wrote about  the company’s most recent raise when it happened, and pointed out that sustainability startups garnered ​​$7.3 billion globally last year, just shy of the $7.4 billion they raised in 2021, per Crunchbase data. That’s good money in a tight market.
• Funding history: Measurabl has raised a total of $172.6 million in funding over eight rounds. Its latest funding was raised on May 31 from a Series D round. Measurabl is funded by 26 investors. Concrete Venture Capital and RET Ventures are the most recent backers, according to Crunchbase data.

To learn more about this role and others, click Actively Hiring in the company’s Crunchbase profile.

…….

Company: Blackbird.AI

• Position: Vice president of marketing
• Salary: N/A
• Location: Remote
• What it does: Blackbird.AI develops narrative and risk intelligence tools for detecting emerging dangers and staying ahead of real-world harm.
• Why it’s cool: It’s worth scrolling through the company’s team profile page to get a sense of how serious this company is at cybersecurity. Leadership’s background includes a nice mix of computer scientists and intelligence/global risk pros. It also has a director of AI — the first time we’ve seen this as an official role.
• Funding history: Blackbird.AI has raised a total of $30.6 million in funding over five rounds. Its latest funding was raised on June 15 from a Series B round. Blackbird.AI is funded by 12 investors. Author Richard Clarke and Dorilton Capital are some of the most recent backers, according to Crunchbase data.

To learn more about this role and others, click Actively Hiring in the company’s Crunchbase profile.

…….

Company: Corcentric

• Position: Vice president of global client support
• Salary: N/A
• Location: McLean, Virginia
• What it does: Corcentric provides procurement, accounts payable and accounts receivable solutions.
• Why it’s cool: It may not sound like the hottest of sectors, but the money’s there and Corcentric’s customer list is impressive. Clients include massive retailers like True Value, La-Z-Boy and Hanes.
• Funding history: Corcentric has raised a total of $395 million in funding over two rounds. Its latest funding was raised on June 13. Corcentric is funded by four investors. Bank of America and The TCW Group are the most recent backers, according to Crunchbase data.

To learn more about this role and others, click Actively Hiring in the company’s Crunchbase profile.

…….

Company: Homebase

• Position: Vice president of product engineering, product delivery
• Salary: N/A
• Location: Toronto, Ontario, Canada
• What it does: Homebase helps small businesses manage their work schedules, time clocks, payroll, HR and more.
• Why it’s cool: Well, first of all they start the job description with “Hi future homie!” That’s good enough for me. They also outline exactly who you will meet in the interview process so you can pregame before you even apply.
• Funding history: Homebase has raised a total of $99 million in funding over five rounds. Its latest funding was raised on May 16. Homebase is funded by 17 investors. Bank of America Breakthrough Lab and Him For Her CEO Jocelyn Mangan are the most recent backers, according to Crunchbase data.

To learn more about this role and others, click Actively Hiring in the company’s Crunchbase profile.

…….

Company: Sterifre Medical

• Position: Business development manager
• Salary: N/A
• Location: Kirkland, Washington
• What it does: Sterifre is developing a low-cost, plug-and-play technology platform to develop a suite of point-of-care applications for disinfection in the health care environment.
• Why it’s cool: The health care industry is ripe for innovation and a startup with a singular focus like Sterifre (disinfection) has value.
• Funding history: Sterifre Medical has raised a total of $23.1 million in funding over three rounds. Its latest funding was raised on May 15, according to Crunchbase data.

To learn more about this role and others, click Actively Hiring in the company’s Crunchbase profile.

Methodology:

Crunchbase News editors select interesting roles to feature based on Crunchbase’s Actively Hiring and funding filters. We looked for companies that are tagged as Actively Hiring — meaning they have multiple open roles listed — within Crunchbase, and have recently raised new funding. We only include companies that have raised at least $1 million in total funding.

We mostly look at U.S. roles, but also feature other locations, and cross-reference companies with our Layoffs Tracker to avoid featuring those that recently laid off employees. Deciding which roles to feature is ultimately based on editors’ discretion.

• Have a correction for this list? Email me at jenna@crunchbase.com.
• Learn more about how Crunchbase’s Actively Hiring filter works.

Illustration: Dom Guzman

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But they’ve got to be done, and consolidation of those services provides a competitive advantage for any credit reporting agency.

To that end, publicly held reporting giant TransUnion announced Wednesday it has invested $24 million in equity funding in San Francisco-based Truework to integrate the startup’s income and employment verification platform, according to the company.

What is Truework?

Founded in 2017, Truework is an income and employment verification platform. The company has now raised a total of $118.9 million in funding over six rounds, according to Crunchbase data. Truework is funded by 33 investors, including Sequoia Capital and Khosla Ventures.

In August, we reported that the company raised $50 million in a Series C. Chicago-based G Squared served as the round’s lead investor, according to Crunchbase data.

Whether this latest partnership could serve as a catalyst to a full-on acquisition of Truework by TransUnion remains to be seen. But it certainly puts the credit-reporting giant in a better position to compete with rival Equifax.

“TransUnion is a global leader in credit data and insights. Our partnership signals a new era for thousands of businesses and millions of consumers who will benefit from accurate and accessible income data paired with TransUnion’s deep product catalog,” said Ryan Sandler, CEO and co-founder of Truework, in a statement.

TransUnion also isn’t shy about acquisitions. The company has acquired 24 organizations, according to Crunchbase data. Its most recent was Verisk Financial for an undisclosed amount in February 2022.

And in the current market, an acquisition might be a startup’s best bet for success.

Related Crunchbase Pro query

• List of Truework‘s 33 Investors, including TransUnion and G Squared

Illustration: Dom Guzman

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That will look like new hires, training existing employees and acquisitions, according to a statement from the firm.

The publicly traded company advises and provides services to clients on generative AI projects across 19 industries, and Accenture CEO Julie Sweet said a commitment to AI is critical in serving its clients.

“Our clients have complex environments, and at a time when the technology is changing rapidly, our deep understanding of ecosystem solutions allows us to help them navigate quickly and cost effectively to make smart decisions,” said Sweet.

The investment comes just months after Accenture announced it will lay off 19,000 workers.

This shift in strategy begs the question of whether AI will replace jobs (as we all suspect) or ironically fuel hiring humans who know how to navigate the AI world.

AI investment, can’t stop won’t stop

Public and private companies (and the consultants that serve them) alike are finding their way in the new AI paradigm.

Earlier this week Salesforce Ventures 1 — Salesforce’s venture arm —  announced it will double the size of its Generative AI Fund to $500 million, just three months after launching it.

Salesforce and Salesforce Ventures are among several big tech companies and corporate venture arms that have been placing AI bets for several years.

Related reading:

• Is The AI Hype For Real? $20B In Investments Says Yes
• AI Investing Boom Is Not New To Tech Giants (At Least Not Their VC Arms)

Illustration: Dom Guzman

Learn More

In one of the biggest acquisitions of the year so far, Nasdaq will reportedly acquire privately held software company Adenza for $10 billion in a mix of cash and shares according to a release.

Adenza develops risk-management and related regulatory software for the financial services market, and is therefore a logical fit for Nasdaq. The company will be acquired by Nasdaq from Thoma Bravo, a software investment firm.

Formed in 2021 from the Thoma Bravo acquisitions of AxiomSL in 2020 and Calypso Technology in 2022, Adenza is expected to hit about $590 million in annual 2023 revenue, according to Nasdaq.

What’s Nasdaq up to?

The Adenza acquisition is the biggest for Nasdaq as it expands its fintech services. Nasdaq says with the acquisition it will be better positioned to provide “comprehensive support to financial institutions” over regulatory technology, compliance and risk management.

“This is an exceptional opportunity to acquire a leading software company that enhances Nasdaq’s position at the heart of the global financial system,” said Adena Friedman, Nasdaq’s CEO.

Nasdaq,  which operates three stock exchanges in the U.S. and seven in Europe, has made eight investments in the past, according to Crunchbase data. Its most recent investment was on Aug. 2, 2021, to Boston-based Level ATS’ corporate round. Level ATS is an independently operated U.S. Equity Alternative Trading System located in Boston.

Holden Spaht, a managing partner at Thoma Bravo, is expected to be appointed to Nasdaq’s board of directors, which will be expanded to 12 members.

The deal falls a few billion short of Qualtrics’ $12.5 billion acquisition announced earlier this year and will reportedly be completed over the next nine months.

Illustration: Dom Guzman

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Farther down, you’ll find a complete list of 292 Actively Hiring startups across sectors that meet that criteria.

5 funded AI startups that are hiring

Company: Lightmatter

• Position: Head of product engineering
• Salary: $230,000 to $280,000
• Location: Mountain View, California
• What it does: Lightmatter changes chip architecture, powering faster, energy-efficient computing with photonic processors for sustainable AI advancement.
• Why it’s cool: Yes, what they do is super complicated but it’s also on the cutting edge of AI which is clearly the thing to be involved with right now.
• Funding history: Lightmatter has raised a total of $267 million in funding over four rounds. Its latest funding was raised on May 31 from a Series C round. Lightmatter is funded by 10 investors. Trajectory Ventures and Google Ventures are the most recent backers, according to Crunchbase data.

To learn more about this role and others, click Actively Hiring in the company’s Crunchbase profile.

…….

Company: Wellthi

• Position: Product manager
• Salary: N/A
• Location: Remote
• What it does: Wellthi is a fintech company that builds social banking software for banks, credit unions and affinity groups.
• Why it’s cool: I mean the startup name is clever enough. But the concept works also. Think Facebook meets Venmo for a new spin on fintech.
• Funding history: Wellthi has raised a total of $3.7 million in funding over three rounds. Its latest funding was raised on May 25 from a Seed round. Wellthi is funded by 12 investors. Virginia Venture Partners and gener8tor are the most recent backers, according to Crunchbase data.

To learn more about this role and others, click Actively Hiring in the company’s Crunchbase profile.

…….

Company: Venture Global LNG

• Position: Director of environmental regulatory
• Salary: N/A
• Location: Houston or Richmond, Virginia.
• What it does: Venture Global LNG is a long-term, low-cost producer of liquefied natural gas pipelines.
• Why it’s cool: Ah Houston. If you’ve lived there (like I have), you understand the bizarre charm and the oddly intoxicating world that is the pipeline industry. Of course you could choose Virginia, but that would be your loss.
• Funding history: Venture Global LNG has raised a total of $9.4 billion in funding over five rounds. Its latest funding was raised on May 26, according to Crunchbase data.

To learn more about this role and others, click Actively Hiring in the company’s Crunchbase profile.

…….

Company: BenchSci

• Position: Chief of staff to the CEO
• Salary: N/A
• Location: Toronto, Ontario, Canada
• What it does: BenchSci uses machine learning and artificial intelligence to accelerate biomedical discoveries.
• Why it’s cool: We just loved the job description because clearly they get it. “The Chief of Staff will work closely with the CEO and serve as a trusted partner—acting as a force multiplier to get twice as much done as the CEO can alone.” Boom.
• Funding history: BenchSci has raised a total of $164.2 million in funding over 10 rounds. Its latest funding was raised on May 25  from a Series D round. BenchSci is funded by 15 investors. Inovia Capital and Golden Ventures are the most recent backers, according to Crunchbase data.

To learn more about this role and others, click Actively Hiring in the company’s Crunchbase profile.

…….

Company: EliseAI

• Position: Director of marketing
• Salary: $160,000 – $225,000
• Location: New York City
• What it does: EliseAI is an AI company developing a conversational platform for business automation.
• Why it’s cool: Unlimited vacation and paid holidays, and the company will pay relocation costs. In other words, management knows how to treat (or at least incentivize) their employees.
• Funding history: EliseAI has raised a total of $66.9 million in funding over four rounds. Its latest funding was raised on June 7 from a Series C round. EliseAI is funded by 12 investors. Golden Seeds and Koch Investments Group are the most recent backers, according to Crunchbase data.

To learn more about this role and others, click Actively Hiring in the company’s Crunchbase profile.

…….

Methodology:

Crunchbase News editors select interesting roles to feature based on Crunchbase’s Actively Hiring and funding filters. We looked for companies that are tagged as Actively Hiring — meaning they have multiple open roles listed — within Crunchbase, and have recently raised new funding. We only include companies that have raised at least $1 million in total funding.

We mostly look at U.S. roles, but also feature other locations, and cross-reference companies with our Layoffs Tracker to avoid featuring those that recently laid off employees. Deciding which roles to feature is ultimately based on editors’ discretion.

• Have a correction for this list? Email me at jenna@crunchbase.com.
• Learn more about how Crunchbase’s Actively Hiring filter works.

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But investors get it, at least enough to give the company $154 million in its latest fundraise. The new funds have reportedly tripled the company’s valuation, in the latest string of eye-popping AI-related rounds.

GV, the venture capital investment division of Alphabet, and Fidelity Management and Research Co. were among the round’s investors, according to reports.

What it does

Lightmatter’s products essentially do two things: Make computing faster and more energy-efficient — requirements critical to supporting the generative AI boom.

To dismiss its technology as “something that involves AI” misses the fact that the company has been operating in the artificial intelligence space before funding to the artificial intelligence space was cool.

More specifically, the startup uses light to link computer chips together and to do calculations for deep learning. Customers and data centers want the company’s product, and the generative AI craze is driving demand.

And what a boom it’s been.

Overall, $20 billion has been raised by startups using “AI” in 2023. Prior to today’s announcement, Lightmatter had raised a total of $113 million in funding over three rounds, according to Crunchbase data. Its previous funding was raised on April 6, 2021, and included Matrix Partners and Viking Global Investors as backers.

Isn’t light free?

Yes, but harnessing it requires a lot of engineering talent. Overall, light has been used for decades to move data via fiber-optic cables (think telecommunications industry). But generally light is considered better at transmitting information than electrical signals over wires. Better in this case meaning more energy-efficient.

Large tech companies want to reduce power costs (understandably) so are turning to light-based solutions. And clearly, they are willing to pay for it and investors are willing to bet on it.

Related queries:

• Rounds Raised By Startups Using AI In 2023

Related reading:

• AI Investing Boom Is Not New To Tech Giants (At Least Not Their VC Arms)
• Is The AI Hype For Real? $20B In Investments Says Yes
• AI Craze Hits New Level As Anthropic Locks Up $450M, Builder.ai Closes $250M Round

Illustration: Dom Guzman

Learn More

Farther down, you’ll find a complete list of 302 Actively Hiring startups across sectors that meet that criteria.

5 funded startups that are hiring

Company: Insider

• Position: Corporate development manager
• Salary: N/A
• Location: Istanbul, Turkey
• What it does: Insider enables marketers to connect customer data across channels, predict behavior with AI, and individualize cross-channel experiences.
• Why it’s cool: As we reported earlier this week, Insider just got a big fat round of funding. The company plans to use the new cash for M&A dealmaking which likely means even more growth opportunities for employees.
• Funding history: Insider has raised a total of $272.1 million  in funding over eight rounds. Its latest funding was raised on May 24. Insider is funded by 13 investors. Esas Private Equity and Qatar Investment Authority are the most recent investors, according to Crunchbase data.

To learn more about this role and others, click Actively Hiring in the company’s Crunchbase profile.

…….

Company: Amplify Education

• Position: Data governance manager
• Salary: N/A
• Location: Remote
• What it does: Amplify Education provides next-generation curriculum and formative assessments for K-12 educators.
• Why it’s cool: Edtech startups are some of the unsung heroes of the startup world. Here’s a chance to work for one that’s raised a nice chunk of change.
• Funding history: Amplify Education has raised a total of $215 million in funding over two rounds. Its latest funding was raised on May 23 from a Series C. Amplify Education is funded by four  investors. Learn Capital and A-Street Ventures are the most recent investors, according to Cruchbase data.

To learn more about this role and others, click Actively Hiring in the company’s Crunchbase profile.

…….

Company: Peak Design

• Position: Mechanical design engineer
• Salary: N/A
• Location: San Francisco
• What it does: Peak Design is a design company that engineers professional grade camera accessories for photographers of all types and abilities.
• Why it’s cool: Finally, a break from AI. Peak Design makes real stuff — camera carrying equipment — and its origin story is super fun. 
• Funding history: Peak Design has raised a total of $7.5 million in funding over four rounds. Its latest funding was raised on May 23, according to Crunchbase data.

To learn more about this role and others, click Actively Hiring in the company’s Crunchbase profile.

…….

Company: MatHem

• Position: Business controller – operations
• Salary: N/A
• Location: Stockholm, Sweden
• What it does: MatHem is an e-commerce company that combines a complete grocery store online with recipes and subscriptions for ready-made groceries.
• Why it’s cool: Because Sweden is amazing and food is amazing and it’s time you made that international career dream a reality. Yes, you probably need to speak Swedish.
• Funding history: MatHem has raised a total of $414.7 million  in funding over 12 rounds. Its latest funding was raised on May 17. MatHem is funded by 15 investors. Verdane and AMF are the most recent investors, according to Crunchbase data.

To learn more about this role and others, click Actively Hiring in the company’s Crunchbase profile.

…….

Company: Elementl

• Position: Finance and operations manager
• Salary: N/A
• Location: Remote
• What it does: Elementl helps organizations build productive and scalable data platforms.
• Why it’s cool: This is the first  dedicated hire for the early-stage startup’s finance team. Hopefully this means you get to set the tone for how it should operate finance-wise. You also get a work-from-home stipend to fix up your home office.
• Funding history: Elementl has raised a total of $48.8 million in funding over 3 rounds. Its latest funding was raised on May 24 from a Series B round. Elementl is funded by 12 investors. Sequoia Capital and 8VC are the most recent investors, according to Crunchbase data.

To learn more about this role and others, click Actively Hiring in the company’s Crunchbase profile.

…….

Methodology:

Crunchbase News editors select interesting roles to feature based on Crunchbase’s Actively Hiring and funding filters. We looked for companies that are tagged as Actively Hiring — meaning they have multiple open roles listed — within Crunchbase, and have recently raised new funding. We only include companies that have raised at least $1 million in total funding.

We mostly look at U.S. roles, but also feature other locations, and cross-reference companies with our Layoffs Tracker to avoid featuring those that recently laid off employees. Deciding which roles to feature is ultimately based on editors’ discretion.

• Have a correction for this list? Email me at jenna@crunchbase.com.

• Learn more about how Crunchbase’s Actively Hiring filter works.

Illustration: Dom Guzman

Learn More

Ironically, we can’t even define “AI” as a sector per se since almost every startup looking for some coin or decent press suddenly identifies as an “AI-centered-something-or-other.”

But for the purists, the numbers don’t lie — or in the very least they tell a clearer story than the prevalent “AI will save the world” narrative.

In fact, early this week investors poured $700 million into two AI startups — Builder.ai and Anthropic — and followed up mid-week with another $105 million to AI marketing platform Insider. It seems we’ve reached another level of the AI craze that has dominated the private markets since late last year.

Overall, $20 billion has been raised by startups using “AI” in 2023. (Fun fact: $20 billion could pay the salaries of 307,266 teachers for one year.) But let’s definitely keep making those AI-generated selfies.

So much buzz

Are startups worried about the downturn? We guess it depends on who writes their checks. 

In fact, Bessemer Venture Partners, one of the oldest and more established venture firms in the U.S., earlier this year said it is earmarking $1 billion of its most recent fund solely for investments in artificial intelligence.

And that’s just one firm.

This week we published an interview with Bessemer partner Sameer Dholakia, who aptly said of the AI movement: “Literally trillions of dollars of value gets created when you have these massive tectonic shifts.” 

And what about AI IPOs?

But it’s not all unicorns and rainbows for AI. Just because funding to the sector is hot, that doesn’t mean the appetite on the public markets is at the same level.

If we look at public markets (and we did) it’s clear that an AI focus hasn’t been a recipe for stock market gains. This is evident looking at recent performance of the most highly valued AI-oriented companies to go public in the quarters leading up to the market peak.

Back to the future

Let’s circle back to those trillions that Bessemer’s Dholakia was talking about. While we aren’t seeing the fruit of those hefty AI investments just yet, the promise (or at least the hope) among investors and the journalists that cover them is that these startups will deliver sooner rather than later.

According to Dholakia, the “adoption curve on this one will be mind-blowingly fast.” 

Related Crunchbase Pro query

• Rounds Raised By Startups Using AI In 2023

Related reading:

• More Big Money For AI: Insider Raises $105M
• AI Craze Hits New Level As Anthropic Locks Up $450M, Builder.ai Closes $250M RoundA 
• Bessemer Partner On What’s Driving The Firm’s Billion-Dollar Bet On AI
• Recently Public AI-Focused Startups Are Not Hot
• The Writers’ Strike Is Trying To Keep AI From Taking Over Hollywood. Is It Too Late?

Illustration: Dom Guzman

Learn More

Farther down, you’ll find a complete list of 260 Actively Hiring startups across sectors that meet that criteria.

5 funded startups that are hiring

Company: Huntress

• Position: Vice president of growth
• Salary: $240,000 to $270,000 base, plus bonus and equity.
• Location: Remote (U.S. and Canada only)
• What it does: Huntress is a managed security platform that stops hidden threats and advanced cyberattacks that sneak past preventive security tools.
• Why it’s cool: The cybersecurity firm will use its latest $60 million investment to expand internationally and, according to CEO Kyle Hanslovan, the startup entertains acquisition offers about once a month. That sounds like a pretty good place to hang your hat.
• Funding history: Huntress has raised a total of $159.8 million in funding over six rounds. Its latest funding was raised on May 16 from a Series C round. Huntress is funded by 11 investors. Forgepoint Capital and JMI Equity are the most recent investors, according to Crunchbase data.

To learn more about this role and others, click Actively Hiring in the company’s Crunchbase profile.

…….

Company: Cardless

• Position: Business development lead
• Salary: N/A
• Location: San Francisco
• What it does: Cardless helps brands launch custom co-brand credit card products. They handle the program creation, card underwriting, lending, issuance and customer service, while brands focus on delivering rewards truly valuable to their superfan cardholders.
• Why it’s cool: The startup has already developed cards for LATAM Airlines and Simon Property Group (the largest mall operator in the U.S.). It also has some seriously cool investors like the Boston Celtics and Phoenix Suns.
• Funding history: Cardless has raised a total of $125 million in funding over six rounds. Its latest funding was raised on May 16. Cardless is funded by 20 investors. Brian Kelly and i80 | Group are the most recent investors, according to Crunchbase data.

To learn more about this role and others, click Actively Hiring in the company’s Crunchbase profile.

….

Company: Boundless Bio

• Position: Senior principal scientist/Associate Director, bioinformatics
• Salary: $140,000 to $173,500
• Location: La Jolla, California
• What it does: Boundless Bio is a precision oncology company developing therapeutics directed against extrachromosomal DNA (ecDNA) in aggressive cancers.
• Why it’s cool: This is a pretty high-level role (they prefer you to have a Ph.D. in cancer biology, computational biology, or bioinformatics). But if you meet that and other qualifications you could be on the ground floor of some cutting-edge cancer fighting.
• Funding history: Boundless Bio has raised a total of $251.4 million in funding over three rounds. Its latest funding was raised on May 16 from a Series C round. Boundless Bio is funded by 18 investors. Nextech Invest and Piper Heartland Healthcare Capital are the most recent investors, according to Cruncbhase data.

To learn more about this role and others, click Actively Hiring in the company’s Crunchbase profile.

…….

Company: Intento

• Position: Linguist analyst
• Salary: N/A
• Location: Remote
• What it does: Intento enables global companies to translate languages 20x more on the same budget and makes their customer and employee experience instantly multilingual in 450+ languages through machine translation and AI.
• Why it’s cool: Artificial intelligence is where it’s at. And Intento opens up a company’s services to more languages. Globalization for the win.
• Funding history: Intento has raised a total of $10.6 million in funding over eight rounds. Its latest funding was raised on May 15. It’s funded by nine investors. Davidovs Venture Collective and Somersault Ventures are the most recent investors, according to Crunchbase data.

To learn more about this role and others, click Actively Hiring in the company’s Crunchbase profile.

…….

Company: Amino

• Position: Enterprise account executive — healthcare technology
• Salary: $165,000 to $185,000 plus commission and a generous option grant.
• Location: Remote
• What it does: Amino is a data-driven health care guidance platform that helps companies and their employees navigate the complex U.S. health care system.
• Why it’s cool: The health care system is screwed up (we all know this) and you’d be selling a tool that combats that confusion.
• Funding history: Amino has raised a total of $125 million in funding over eight rounds. Its latest funding was raised on May 11. Amino is funded by 16 investors. Oxford Finance LLC and Transformation Capital are the most recent investors, according to Crunchbase data.

To learn more about this role and others, click Actively Hiring in the company’s Crunchbase profile.

…….

Methodology:

Crunchbase News editors select interesting roles to feature based on Crunchbase’s Actively Hiring and funding filters. We looked for companies that are tagged as Actively Hiring — meaning they have multiple open roles listed — within Crunchbase, and have recently raised new funding. We only include companies that have raised at least $1 million in total funding.

We mostly look at U.S. roles, but also feature other locations, and cross-reference companies with our Layoffs Tracker to avoid featuring those that recently laid off employees. Deciding which roles to feature is ultimately based on editors’ discretion.

• Have a correction for this list? Email me at jenna@crunchbase.com.
• Learn more about how Crunchbase’s Actively Hiring filter works.

In its first acquisition, San Francisco-based Ripple has acquired Switzerland-based Metaco for $250 million — half in cash and half in equity, according to Ripple.

So what does each of these companies do and why does this acquisition make sense? Let’s take this nice and slow.

Privately owned Ripple is the world’s sixth-largest cryptocurrency exchange. 

Metaco makes technology allowing financial institutions to store and manage digital assets. This is a big deal, especially after several major firms (FTX) collapsed, leaving investors facing big losses.

Why Metaco matters

The fact that Metaco is based outside the United States where crypto regulation is much clearer is a bonus for Ripple as the U.S. Securities and Exchange Commission wrestles to figure out the future of crypto regulation.

The Swiss company is also a legit player in its own right with clients including Citi, BNP Paribas and Societe Generale‘s digital asset arm.

Metaco has raised a total of $20 million in funding over four rounds. Its latest funding was raised on July 14, 2020, from a Series A round. Metaco is funded by 11 investors. Verve Ventures and Standard Chartered Bank are the most recent backers, according to Crunchbase data.

Investor enthusiasm in crypto waned after a drop in cryptocurrency prices in 2022. A slew of major crypto firm failures didn’t help. Yes, we are talking (again) about FTX.

In a statement on its website, Ripple CEO Brad Garlinghouse said, “Through the strength of our balance sheet and financial position, Ripple will continue pressing our advantage in the areas critical to crypto infrastructure. Bringing on Metaco is monumental for our growing product suite and expanding global footprint.”

Ripple is no slouch either.

It  has raised a total of $293.8 million in funding over 14 rounds. Its latest funding was raised on Aug. 21, 2021, from a  Series B round. Ripple is funded by 43 investors. Uday Kumar Bangalore Shivaraman and Azure Ventures Group are the most recent investors, according to Crunchbase data.

While crypto prices are on the rise, the dramatic collapse of FTX still hangs over the entire sector with several other lenders and exchanges.

Related query:

• 2023 Crypto Funding

Related reads:

• Ledger Locks In $108M To Lock Up Crypto
• SVB, Signature Shutdowns Not Chilling Crypto

Illustration: Dom Guzman

Learn More