Exclusive: AI-powered recruiting startup Dex raises $5.3 million seed round

Dex, an AI-powered recruiting startup founded by Paddy Lambros, has raised $5.3 million in a seed round led by Notion Capital, bringing its total funding to $8.4 million. The London-based company acts as an 'AI talent agent,' focusing on matching AI researchers, software developers, and machine learning engineers with tech firms through conversational AI and a proprietary matching engine. Dex charges employers 20% to 30% of a hired candidate’s salary and has reached a $1.8 million annualized revenue run rate, with plans to expand to the U.S. and potentially become profitable by year-end. Unlike traditional platforms, Dex does not build software for recruiters or integrate with applicant tracking systems, emphasizing quality matches over volume.