AI Recruiting Agent 'Archer' Hits $1M ARR in 90 Days
The AI recruiting agent Archer, developed by hackajob, has reached $1 million in annual recurring revenue just 90 days after its launch. The tool uses AI to proactively qualify candidates, aiming to reduce the noise from AI-generated resumes and surface relevant talent more efficiently.
- London-based hackajob was founded in 2014 by Mark Chaffey and Razvan Creanga. The company has raised a total of $33 million, including a $25 million Series B round in May 2023 led by Volition Capital to fund expansion into the U.S. market. - CEO Mark Chaffey co-founded the business at age 20 while still at university and has never had a different full-time job. The company's core model is a "reverse marketplace" where companies apply to tech professionals, which it claims results in an 85% response rate from candidates. - Archer is part of a trio of AI agents; 'Chase' is an AI voice agent that sources and qualifies talent, while 'Thena' filters applications and reduces manual review time by a claimed 70%. - According to the company, applicants sourced by Archer are 6x more effective than traditional job boards, with 17% of its converted applications leading to interview invitations, compared to an industry average of 3%. - The underlying AI, which hackajob calls "hackajob intelligence," is powered by over 50 million first-party data points gathered on technical professionals. - The broader trend in talent acquisition for 2026 is the adoption of "agentic AI" like Archer that can work autonomously. More than half of talent leaders plan to add autonomous AI agents to their teams, shifting recruiters from manual screening to more strategic roles.
