Startup Andela Bets on Helping Companies Hire Far-Flung IT Staff

Andela, which raised $200 million in round led by SoftBank, uses AI to help employers look beyond Silicon Valley to places including Africa and Latin America

The Wall Street Journal
By Angus Loten
September 29, 2021

Tech-recruit­ing start­up Andela Inc. said Wednes­day it has raised $200 mil­lion to help fund its effort to con­nect employ­ers with soft­ware engi­neers in an increas­ing­ly glob­al search for tech talent.

Soft­Bank Group Corp. led the invest­ment in the sev­en-year-old New York-based start­up, whose plat­form employs arti­fi­cial intel­li­gence to match employ­ers with work­ers in a range of mar­kets includ­ing Africa, Latin Amer­i­can and East­ern Europe.

Hir­ing remote tech­ni­cal tal­ent is one of the top chal­lenges that com­pa­nies face today,” Lydia Jett, a part­ner at Soft­Bank Invest­ment Advis­ers, a sub­sidiary that man­ages SoftBank’s invest­ment funds, said in a state­ment. “We believe Andela will become the pre­ferred tal­ent part­ner for the world’s best com­pa­nies as remote and hybrid work arrange­ments become the norm,” she said.

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