Having already helped several startups accelerate roadmaps and supercharge growth, Bolto is on its way to becoming a top choice for everything HR-related
By Ada Jain
Bolto, an AI-powered human resources (HR) platform, announced a $5.1 million investment on Wednesday—a result of the startup’s revenue surging more than tenfold in recent months.
“We’re thrilled to announce our $5.1M seed funding round from Y Combinator, General Catalyst, Morado Ventures, Amino Capital, Alumni Ventures, and a notable group of angels,” says Mrinal Singh, ex-Lazard investment banker and one of the co-founders at Bolto.
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Founded in 2023, Bolto is a SaaS HR platform which includes AI-enabled talent sourcing and matching, as well as payroll and compliance that enables companies of all sizes to recruit candidates from anywhere in the world.
Other co-founders include Milan Bhandari (CTO), who specialized in artificial intelligence and machine learning at Harvard University, and Jake Johnson (CPO), who is a Dartmouth alumnus, worked previously at Microsoft as product manager, joined hands to build Bolto.
The startup, formerly called Crew AI, claims to be the world’s first end-to-end HR platform. The app uses AI to scan resumes, LinkedIn accounts, Github contributions, and other online portfolios. Bolto then generates an AI behavioral interview and administers additional assessments based on the client’s request.
Presently, their Employer of Record (EOR) service manages onboarding, payroll, taxes, and compliance for hiring in the U.S., India, and Latin America. They also claim to offer white glove services for unique hiring needs to businesses.
Bolto boasts a roster of top-global university graduates with multiple years of experience at reputable companies. Having already helped several startups accelerate roadmaps and supercharge growth, Bolto is on its way to becoming a top choice for everything HR-related.
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According to Fortune Business Insights, the global human resource (HR) technology market size was valued at $37.66 billion in 2023 and is projected to grow from $40.45 billion in 2024 to $81.84 billion by 2032. The COVID-19 pandemic has created a rapid shift in market dynamics of working models and forced HR teams and departments to embrace new ways of managing teams.
In 2025, Bolto is projected to spend $1.4 million on IT, according to Aberdeen. Some of its clientele include startups like Fiber AI, ReBet Inc, and Assembly among others. While still in its seed-funding stage, competitors include Darwinbox, legacy players like SAP, Workday and Rippling among others.