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Checkr, a background check firm, raises $160 million, valuation at $2.2 billion

September 19, 2019

Checkr, a background check provider to staffing firms that uses artificial intelligence, announced a $160 million funding round that values the company at $2.2 billion, it reported. The round is in addition to $150 million previously raised.

The company, based in San Francisco, was founded in 2014. It counts several gig economy and human cloud firms among its customers, including Uber Technologies Inc. (NYSE: UBER), Elwood Staffing, PrideStaff and Adecco.

Plans for the funding include expansion of the platform’s functionality, improved accuracy while creating new products and the development of new international capabilities, according to the company.

The equity round was led by funds and accounts advised by T. Rowe Price Associates Inc. They were joined by Bond, Coatue, Accel, Y Combinator and IVP.

Forbes reported Checkr’s founders, Daniel Yanisse and Jonathon Perichon, developed an easy way to more quickly automate background checks and firms such as Uber, DoorDash and Instacart signed on.

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