Radical Ventures led the all-equity financing for the Toronto-based startup, with participation from prior backers Social Leverage, Cadenza Ventures and GD1. Ribbon will use the money to develop new products, said CEO Arsham Ghahramani. It will also add eight new hires this year to its six-person team. (The Logic)

Talking point: Clients use Ribbon’s voice AI tool to conduct interviews with job applicants. Recruiters can then review call transcripts, as well as a list of top choices and analysis of their performance. The startup has amassed a dataset of real interviews, which Ghahramani claims  make its AI system better at engaging in the back and forth of a job-related conversation than commercial models from providers like OpenAI or Cartesia. Ribbon is also testing AI agents that recruiters can use to handle tasks like scheduling interviews, note-taking and messaging candidates. The firm’s goal is to help clients hire for most roles in under a day, a target it’s hoping to reach within the next 18 months, Ghahramani said.