1. Multiverse, a U.K. unicorn specializing in apprenticeship programs, has acquired Searchlight, a startup using AI to source talent.
2. Multiverse plans to use Searchlight’s technology to build new AI products for expanded professional training services.
3. The acquisition underscores the increasing role AI is playing in work and education, as Multiverse aims to improve its platform with technology.
Multiverse, a U.K. unicorn focused on apprenticeship programs for technology skills, has acquired Searchlight, a startup using AI technology for talent sourcing. Multiverse plans to use Searchlight’s technology to enhance its professional training services. The co-founders of Searchlight, twin sisters Kerry and Anna Wang, will join Multiverse, with Kerry becoming director of product and Anna leading AI efforts. This acquisition highlights the increasing role of AI in work and education.
The deal aims to address recruitment gaps by utilizing AI to provide more efficient professional training services. Despite past issues of AI bias in recruitment, Searchlight’s AI model has shown success in identifying good matches for roles. Multiverse, founded and led by Euan Blair, son of former U.K. Prime Minister Tony Blair, serves around 1,000 clients including Cisco and government organizations.
Multiverse, initially known for apprenticeships, has expanded to offer professional training for employed individuals. With AI-based services already in place, the company aims to improve its platform with additional technology. Financial terms of the acquisition were not disclosed, but Searchlight, which raised nearly $20 million and was valued at $64 million, had notable investors such as Accel and Founders Fund.
Multiverse, valued at $1.7 billion, has raised substantial funding and acquired YC company Eduflow last year. Investors, including Keith Rabois, are optimistic about the acquisition, recognizing Searchlight’s technology as a valuable asset for innovative companies like Multiverse. The acquisition signifies Multiverse’s commitment to utilizing AI to enhance its services and meet the evolving demands of the market.