DLA Piper represented Paradox, an artificial intelligence platform helping human resources and recruiting teams automate administrative tasks and deliver real-time candidate and employee communications, in its US$40 million Series B financing. The investment was led by Brighton Park Capital.
Based in Arizona, the Paradox platform automates common recruiting, HR and talent management tasks — including answering candidate and employee questions, screening leads and applicants, automatically scheduling interviews, collecting feedback, streamlining onboarding and hosting virtual events — through conversations with its AI assistant, Olivia. Olivia speaks more than 100 languages and engages with users through the web, text message and messaging apps.
“Having helped incorporate Paradox less than four years ago, we were proud to represent Paradox in this important financing, which signifies its status as one of Arizona’s premier emerging growth companies,” said David Lewis, the DLA Piper partner who led the firm’s deal team. “Our extensive experience advising high-growth technology companies, like Paradox, as they navigate the evolving legal developments in the AI space, as well as our ability to develop and implement creative solutions to overcome potential roadblocks to the benefit of both parties, were important assets in our handling of this transaction.”
In addition to Lewis, the DLA Piper team representing Paradox included partner Stephanie King and associate Neil Fogel (all of Phoenix).
DLA Piper’s Emerging Growth and Venture Capital practice includes more than 200 lawyers in the US who provide strategic counsel to emerging companies in high-growth industries, including biotech, manufacturing, communications, software and semiconductors. In 2019, the firm handled more than 697 venture capital financings totaling over US$10.3 billion. Over the last three years, DLA Piper has completed more than 2,100 financings totaling over US$31 billion.
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