Borderless AI
Borderless is your one and only platform for international payroll, benefits, taxes, and compliance for businesses of any size, anywhere.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
* | $32.0m | Seed | |
| Total Funding | 000k | ||
Borderless AI operates in the global human resources technology sector, offering an AI-powered platform for companies to manage international workforces. Founded in 2022 by CEO Willson Cross and Chairman Sean Aggarwal, the Toronto-based company emerged from stealth in March 2024. Cross is a serial entrepreneur who previously co-founded and sold the pet services platform GoFetch. Aggarwal has a background in investment and corporate leadership, notably as the former CFO of Trulia, guiding it through an IPO and acquisition by Zillow.
The company's business model centers on providing Employer of Record (EOR) services, which enables client companies to hire employees in over 170 countries without establishing local legal entities. This structure outsources the complexities of international employment, including legal paperwork, local tax compliance, payroll, and benefits administration, to Borderless AI. Revenue is generated from fees for its international payroll and EOR services, with a pay-as-you-go model that allows clients to scale their global workforce as needed. The platform is designed for a range of clients, from venture-backed startups like Affiniti to large global firms such as MG2.
A core component of Borderless AI's offering is its AI agent, Alberni. Developed in a strategic partnership using large language models from Cohere, Alberni automates and accelerates various HR processes. Its features include generating compliant employment agreements for different countries, analyzing existing contracts for risks, managing expense reimbursements, and tracking time off. More recently, the company launched HRGPT, an AI search engine that allows HR managers and employees to query both internal company data and external sources to get answers on complex HR questions. This technology-first approach aims to significantly reduce the time and cost associated with global hiring and HR management.
Keywords: Employer of Record, EOR, global payroll, international hiring, HR technology, AI in HR, compliance automation, workforce management, Willson Cross, Sean Aggarwal, Alberni AI, HRGPT, global employment platform, cross-border payments, employee onboarding, benefits administration, contractor management, generative AI, Cohere, international compliance