Borderless AI, a Toronto, Canada-based AI-powered startup disrupting the Employer of Record (EOR) space, has emerged from stealth with $27 million in seed funding.
Investors
The round was led by Susquehanna and Aglaé Ventures, with participation from additional institutional investors.
Susquehanna International Group (SIG) is a global quantitative trading firm founded with an entrepreneurial mindset and a rigorous analytical approach to decision-making.
Aglaé Ventures invests from €100k up to €100m in asset-light activities at all stages: Marketplaces, SaaS, Platform, Consumer Apps, and DNVB. Founded in 2017 and is based in Paris, France.
About Borderless AI
Founded by Willson Cross and Sean Aggarwal, Borderless AI is a company with a mission to bring economic empowerment to the world. The company provides a global payroll solution that leverages the power of generative AI to automate and speed up the process of onboarding, managing, and paying international team members. Borderless AI's AI agent, Alberni, is capable of solving complex problems and automating processes in any country around the world. They serves organizations of all sizes and across various industries. Some of its notable clients include the popular dating app Raya, the global architecture firm MG2, and the venture-backed fintech startup Affiniti.
Funding Details
Company: Borderless AI Ventures, Inc.
Raised: $27.0M
Round: Seed Round
Lead Investor: Susquehanna, Aglaé Ventures
Additional Investors:
Company Website: https://www.hireborderless.com/
Software Category: Payroll Solution
Source: https://www.prnewswire.com/news-releases/borderless-ai-launches-from-stealth-with-27m-investment-to-bring-worlds-first-ai-agent-to-hr-space-302095325.html