Borderless AI Launches from Stealth with $27M Investment to Bring World's First AI Agent to HR Space
TORONTO, March 21, 2024 /PRNewswire/ -- Borderless AI, the AI-powered startup disrupting the Employer of Record (EOR) space, today announced that it has raised $27 million in seed funding to leverage the power of generative AI to automate and accelerate the process of onboarding, managing, and paying international team members. Removing compliance, payment, tax law, and onboarding challenges of the past, Borderless AI's novel AI agent, Alberni, can solve complex problems and automate processes in any country around the world within 10 minutes; the market norm is 7-10 business days.
- "Our mission is to bring economic empowerment to the world," said Sean Aggarwal, Executive Chairman and Co-founder of Borderless AI.
- Borderless AI is also a strategic partner of Large Language Model (LLM) leader Cohere and is the only partner deploying Cohere's models to global HR.
- Borderless AI has developed its proprietary data platform that augments Cohere's LLM, putting trust and accuracy at the forefront of the technology.
- We strongly believe that AI agents for HR will become mainstream and we're thrilled to be a part of this journey."