What is Traitify by Paradox?
Founded in 2011 and based in Baltimore, Maryland, Traitify by Paradox has pioneered a patented, image-based personality measurement tool. The company leverages a sophisticated machine learning algorithm that integrates employee performance data with personality metrics. This innovative approach enables the prioritization of job applicants who demonstrate a strong alignment with the characteristics of top-performing employees, thereby optimizing talent acquisition for businesses.
How much funding has Traitify by Paradox raised?
Traitify by Paradox has raised a total of $22.4M across 10 funding rounds:
Unspecified
$750K
Unspecified
$200K
Unspecified
$443K
Debt
$983K
Angel/Seed
$2M
Series A
$4M
Unspecified
$1.3M
Debt
$327K
Debt
$349K
Series B
$12M
Unspecified (2011): $750K with participation from Undisclosed
Unspecified (2012): $200K led by Skye Fund
Unspecified (2012): $443K supported by Undisclosed
Debt (2013): $983K featuring Undisclosed
Angel/Seed (2013): $2M backed by Heritage Capital, Chip Morris, Vince Talbert, Maryland Technology Development Corporation, New Enterprise Associates, Abell Foundation, and France-Merrick Foundation
Series A (2014): $4M with participation from Heritage Capital, Thomas Hitchner, and Chip Morris
Unspecified (2015): $1.3M led by Undisclosed
Debt (2016): $327K supported by Undisclosed
Debt (2016): $349K featuring Undisclosed
Series B (2020): $12M backed by JMI Holdings
Key Investors in Traitify by Paradox
Maryland Technology Development Corporation
TEDCO is a Maryland-based organization that provides funding, resources, and connections to early-stage technology and life sciences companies. Their services include various funding programs, business resources, and support initiatives aimed at fostering innovation and entrepreneurship.
New Enterprise Associates
Established in 1977 and headquartered in Menlo Park, California. New Enterprise Associates(NEA) is a venture capital firm focused on helping entrepreneurs build businesses.
JMI Holdings
Undisclosed investor participating in the funding round.
What's next for Traitify by Paradox?
The recent major strategic investment in Traitify by Paradox signals a phase of accelerated growth and market expansion. With its proprietary technology for enhancing hiring decisions, the company is well-positioned to capitalize on the increasing demand for data-driven HR solutions. Future developments are likely to focus on further refining its machine learning capabilities and broadening its enterprise client base, solidifying its role as a key player in the HR technology sector.
See full Traitify by Paradox company page
