Restless Bandit

About Restless Bandit

Restless Bandit operates as a specialized human resources software company, leveraging data science, artificial intelligence, and machine learning to optimize the recruitment process. Founded in 2014 by Steve Goodman and Anton Dam, the San Francisco-based firm developed a platform to help businesses rediscover talent within their existing applicant databases. The company's creation stemmed from Goodman's experience in the recruiting software space, having previously founded Bright, a startup acquired by LinkedIn for approximately $120 million. Following the sale, Goodman assembled a team of engineers, including talent from Google and LinkedIn, to address the challenge of unearthing qualified candidates from past applicant pools.

The core of Restless Bandit's offering is its Talent Rediscovery platform. This technology sifts through a company's archived resumes, using matching algorithms to identify individuals who meet the criteria for new job openings. Instead of incurring costs on new job advertisements, the system automatically invites these previously vetted candidates to apply, aiming to reduce both the time-to-fill and hiring expenses for its clients. The platform was designed to integrate with modern, cloud-based applicant tracking systems such as Workday Recruiting, SAP SuccessFactors, and Oracle Taleo. The company's clientele has included major corporations like Accenture, Adidas, and Deloitte.

In October 2016, Restless Bandit secured $10 million in financing, which consisted of $8 million in Series A funding led by GGV Capital and Toba Capital, and $2 million in prior seed investments. This capital was intended to expand the team and support the ongoing operation of its platform. The company gained recognition as one of Inc.'s 25 Most Disruptive Companies in 2017. According to Tracxn, Restless Bandit is now considered a deadpooled company.