Ribbon AI Inc.

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Ribbon AI Inc. - overview

Established

2022

Location

Toronto, ON, Canada

Primary Industry

Software

About

Ribbon AI Inc. is an innovative technology company specializing in AI-driven recruitment solutions, enhancing hiring processes through advanced automation and intelligent candidate assessments. Founded in 2022, Ribbon AI Inc. is focused on providing AI-powered recruitment solutions.


The company operates from Toronto, Canada, and has engaged in its first deal with a successful funding round led by Radical Ventures. The founder, whose previous ventures are not documented, has established Ribbon to address the challenges in recruitment through automation. Ribbon specializes in AI-driven recruitment solutions, primarily through its flagship product, an AI-powered voice interviewer designed to automate the initial screening process for job candidates. The AI conducts interviews in a natural-sounding manner, allowing candidates to participate at their convenience, thus creating a seamless and stress-free experience.


This technology is tailored for recruitment professionals aiming to streamline their hiring processes by efficiently screening candidates and providing automated summaries and insights that facilitate decision-making. Ribbon's platform supports over 30 ATS integrations, catering to a diverse client base that includes prominent companies across various sectors such as automotive, logistics, and technology. The services are available in multiple geographical markets, including North America, Europe, and parts of Asia, ensuring a broad reach for organizations looking to enhance their recruitment capabilities. Ribbon operates on a subscription-based revenue model, offering various pricing plans tailored to different organizational needs.


The company provides services through structured monthly subscription tiers, including the Starter plan, which is priced at USD 199 per month, and scales up to the Business plan at USD 999 per month, accommodating larger teams with additional features and interview flows. These subscription plans include access to AI interview capabilities, automated interview summaries, and pre-vetted candidate databases, which enhance the efficiency of hiring processes. Transactions occur primarily through B2B relationships, where organizations subscribe to the platform and utilize its services to manage their hiring workflows. Ribbon's business model is designed to support seamless integration with existing systems, thereby reinforcing its value proposition in the recruitment technology landscape.


On March 31, 2025, Ribbon AI Inc. raised USD 8 million in venture funding led by Radical Ventures, with participation from Social Leverage Capital, Cadenza Capital Management, and GD1. The company plans to utilize this funding to expand operations and enhance its development efforts. Ribbon is also focused on designing new product features scheduled for release in 2025 and aims to penetrate additional markets in Europe and Asia by the end of 2025, thereby broadening its global footprint and client base.


Current Investors

Social Leverage Capital, Radical Ventures, GD1

Primary Industry

Software

Sub Industries

Analytics & Performance Software, Application Integration Software, HR & Workforce Software

Website

www.ribbon.ai/

Verticals

Artificial Intelligence, Cloud Computing

Company Stage

Early Stage

Total Amount Raised

Subscriber access only

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.