Toronto-based Ribbon has raised US$8.2 million in seed funding to advance its AI-driven hiring tools, the company announced. The all-equity round was led by Radical Ventures, with follow-on investments from Social Leverage, Cadenza Ventures, and GD1. CEO Arsham Ghahramani says the funds will support new product development and grow the six-person team to 14.
Ribbon’s AI conducts interviews, transcribes conversations, and ranks candidates. Ghahramani claims its proprietary dataset of real interviews makes it superior to tools like OpenAI. Ribbon is also piloting AI agents for scheduling and messaging, aiming to help clients hire within a day.
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