Latest news with #Moonhub
Yahoo
a day ago
- Business
- Yahoo
Salesforce Acquires Moonhub — The AI Recruiting Startup Joins $8B Informatica Deal In AI Hiring Revolution
Moonhub announced Monday that it has bewen acquired by Salesforce (NYSE:CRM), marking a new chapter for the AI-powered recruiting startup founded by former Meta (NASDAQ:META) engineer Nancy Xu. The move comes on the heels of Salesforce's recent $8 billion acquisition of Informatica and signals a clear acceleration of its AI-first product strategy, The Economic Times reports. Founded in 2022 and backed by Khosla Ventures, TIME Ventures, Day One Ventures, AIX Ventures, GV, and Salesforce, Moonhub is known for launching the world's first AI Recruiter, and developed tools to automate hiring processes while minimizing bias. According to The Economic Times, rather than relying on outdated keyword-based filters, the company's AI platform scanned public data sources such as GitHub, LinkedIn, and personal websites to build rich, multi-dimensional candidate profiles. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — The system was designed to detect meaningful patterns, like promotion frequency, project types, and skill progression, which are often overlooked by traditional recruiting tools. One of Moonhub's core principles was avoiding filters based on race, gender, or disability. Instead, it worked closely with clients to reshape how job descriptions were written and how talent was sourced, The Economic Times reports. Nancy Xu frequently emphasized the importance of a 'human-in-the-loop' approach, where final hiring decisions stayed in human hands, The Economic Times says. According to Xu, AI should not replace people in recruitment but support them in making more informed, fair decisions. Moonhub's integration into Salesforce follows a string of AI-focused acquisitions. In addition to the Informatica purchase, Salesforce recently announced it would acquire an automation startup, as part of its broader AI strategy. These moves are meant to fuel the Salesforce's Agentforce platform, an initiative focused on developing autonomous AI agents to streamline enterprise operations in areas like sales, customer service, and now hiring. Trending: Invest where it hurts — and help millions heal:. Moonhub said that joining Salesforce will allow its team to scale its original mission within a much larger ecosystem. Xu in a statement described Salesforce as a values-aligned company with deep investment in trust and impactful AI advancement, both key to the responsible deployment of AI. While Moonhub is officially winding down as a standalone entity, its core team will now contribute directly to Salesforce's product development in AI-driven recruitment and talent acquisition. According to Salesforce's announcement on Tuesday, their work is expected to be integrated into new iterations of Agentforce tools and raised $14.4 million in venture funding and attracted top-tier investors across Silicon Valley, The Economic Times reports. According to Salesforce, the company is competing head-to-head with tech giants like Microsoft (NASDAQ:MSFT), Alphabet's (NASDAQ:GOOG, GOOGL)) Google, and OpenAI in the race to dominate enterprise AI. The integration of Moonhub's team reflects a growing trend among major players: securing specialized talent through strategic acquisitions. As the demand for enterprise-ready AI accelerates, the battle to attract top minds is becoming just as critical as the technology itself. Read Next: Here's what Americans think you need to be considered wealthy. Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Salesforce Acquires Moonhub — The AI Recruiting Startup Joins $8B Informatica Deal In AI Hiring Revolution originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Time of India
6 days ago
- Business
- Time of India
Salesforce acquires AI recruiting startup Moonhub weeks after Informatica deal
Salesforce , a cloud-based software company, acquired AI-driven recruiting startup Moonhub on Monday. The terms of the deal are not publicly known. 'Today, we are excited to announce the Moonhub team will be joining Salesforce. By joining Salesforce, we are accelerating our mission in this next chapter. Moonhub's talented team will play a key role in advancing Salesforce's AI strategy , including Agentforce,' the company said . Founded in 2022 by Nancy Xu, a former Meta engineer, the Khosla ventures and Time Ventures-backed company specialises in developing AI-driven tools to automate and enhance the recruitment process. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Mendaftar Undo In a statement posted on its website on Monday, Moonhub announced that its entire team based in Menlo Park, California, will be joining Salesforce, one of the company's early investors. The development comes soon after Salesforce's acquisition of cloud data management company Informatica in an $8 billion equity deal on May 27, and the purchase of Convergence. ai, an automation startup, to expand its AI product offerings. Live Events AI recruiter Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Xu has expressed concerns about AI bias on several forums. Moonhub's strategy has been about using AI not only to reduce bias within machines—but also to help humans make less biased decisions. Moonhub launched the world's first AI Recruiter, with the goal of helping startups and companies to hire exceptional talent. She had started working on the idea at Stanford's AI Lab when she was a PhD student. At Moonhub, AI systems are designed with a "human-in-the-loop" approach, ensuring that ultimate decision-making remains with people. Xu believes that in most current AI applications, humans still play a critical role in final judgments, especially in areas like hiring. Moonhub's AI strategy Moonhub's approach is in stark contrast to traditional recruiting systems. Rather than relying on keyword-matching and rigid filters, its AI platform draws from data across the public web — including LinkedIn, GitHub , personal websites, and more — to build holistic candidate profiles. Moonhub's AI can identify patterns — such as how many times someone has been promoted — from disparate, unstructured sources. Moonhub doesn't let clients filter by demographics like race, gender, or disability, nor does it promise specific diversity outcomes. Instead, its strength lies in identifying people with relevant skills who might not meet narrow or outdated search criteria. The company also works with clients to adjust how they write job descriptions. According to Crunchbase, Moonhub has raised $14.4 million in funding from investors such as Khosla Ventures, AIX Ventures, Day One Ventures, GV (formerly Google Ventures), and Salesforce.
Yahoo
7 days ago
- Business
- Yahoo
Salesforce buys Moonhub, a startup building AI tools for hiring
Salesforce has quietly snapped up Moonhub, a startup building AI to vet and hire talent. The terms of the deal weren't disclosed. In a post on Moonhub's website on Monday, the company said that its entire Menlo Park, California-based team will be joining Salesforce, an early investor in Moonhub. "As a customer and investor, Salesforce has already played a role in Moonhub's journey," wrote Moonhub CEO Nanxy Xu in the post. "From our earliest conversations, it [was] also clear that our companies share deep core values like customer trust, along with a resolute conviction in the role AI agents will play in unlocking an era of global innovation and opportunity. We are excited for the impact we will make together." Salesforce is on a shopping spree. Just last week, the company completed its $8 billion acquisition of Informatica, a company providing data management solutions. And last month, Salesforce bought an automation startup, to bolster the former's AI product offerings. Moonhub, which was founded in 2022 by Xu, an ex-Meta engineer, sells a range of tools designed to help companies recruit, evaluate, and hire job candidates. Moonhub's AI can automatically identify candidates for roles, reaching out and assisting with tasks such as onboarding and payroll management. Moonhub raised $14.4 million from backers including Khosla Ventures, AIX Ventures, Day One Ventures, and GV (formerly Google Ventures) in addition to Salesforce, according to Crunchbase. The company has hundreds of customers, including Fortune 500 companies, per Xu. "By joining Salesforce, we are accelerating our mission in this next chapter," Xu continued in her post. "Moonhub's talented team will play a key role in advancing Salesforce's AI strategy." Salesforce's Moonhub purchase is on trend. Despite a decidedly mixed reception from job seekers, AI is increasingly being used in hiring and other HR processes. According to a recent Gallup poll, 93% of Fortune 500 chief human resource officers have begun integrating AI tools and technologies to enhance their practices. Sign in to access your portfolio
TechCrunch
02-06-2025
- Business
- TechCrunch
Salesforce buys Moonhub, a startup building AI tools for hiring
Salesforce has quietly snapped up Moonhub, a startup building AI to vet and hire talent. The terms of the deal weren't disclosed. In a post on Moonhub's website on Monday, the company said that its entire Menlo Park, California-based team will be joining Salesforce, an early investor in Moonhub. 'As a customer and investor, Salesforce has already played a role in Moonhub's journey,' wrote Moonhub CEO Nanxy Xu in the post. 'From our earliest conversations, it [was] also clear that our companies share deep core values like customer trust, along with a resolute conviction in the role AI agents will play in unlocking an era of global innovation and opportunity. We are excited for the impact we will make together.' Salesforce is on a shopping spree. Just last week, the company completed its $8 billion acquisition of Informatica, a company providing data management solutions. And last month, Salesforce bought an automation startup, to bolster the former's AI product offerings. Moonhub, which was founded in 2022 by Xu, an ex-Meta engineer, sells a range of tools designed to help companies recruit, evaluate, and hire job candidates. Moonhub's AI can automatically identify candidates for roles, reaching out and assisting with tasks such as onboarding and payroll management. Moonhub raised $14.4 million from backers including Khosla Ventures, AIX Ventures, Day One Ventures, and GV (formerly Google Ventures) in addition to Salesforce, according to Crunchbase. The company has hundreds of customers, including Fortune 500 companies, per Xu. 'By joining Salesforce, we are accelerating our mission in this next chapter,' Xu continued in her post. 'Moonhub's talented team will play a key role in advancing Salesforce's AI strategy.' Techcrunch event Save now through June 4 for TechCrunch Sessions: AI Save $300 on your ticket to TC Sessions: AI—and get 50% off a second. Hear from leaders at OpenAI, Anthropic, Khosla Ventures, and more during a full day of expert insights, hands-on workshops, and high-impact networking. These low-rate deals disappear when the doors open on June 5. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | REGISTER NOW Salesforce's Moonhub purchase is on trend. Despite a decidedly mixed reception from job seekers, AI is increasingly being used in hiring and other HR processes. According to a recent Gallup poll, 93% of Fortune 500 chief human resource officers have begun integrating AI tools and technologies to enhance their practices.
