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Borderless AI partners with Cohere to introduce AI agents to global HR Industry
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Jun 14, 2024
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Remote Work Infrastructure

Jun 14, 2024

Borderless AI partners with Cohere to introduce AI agents to global HR Industry

Partnerships

  • Borderless AI, an HR solution provider powered by AI, has entered a partnership with Cohere, a firm specializing in large language model (LLM) solutions. The partnership aims to offer tailored AI agents for the HR sector. The collaboration highlights the potential of the employer of record (EOR) and global payroll sectors, which have shown significant growth, exemplified by companies like Deel and Remote.com.

  • This partnership aims to leverage AI to improve HR functions such as contract creation, payroll management, and compliance needs, especially for companies scaling in new markets. Key initiatives include launching an AI agent for Canadian employment agreements, offering AI-powered real-time payments and treasury functions that improve customer experience by eliminating the need for salary deposits and providing a proprietary HR knowledge base using Cohere's RAG technology for domain-specific HR knowledge.

  • Analyst QuickTake: In March 2024 , Borderless AI raised USD 27 million in its seed funding stage. The funds were used to capitalize on GenAI to expedite and facilitate various processes in global HR, such as onboarding, management, and payroll distribution for international team members. Furthermore, the company's AI-powered platform, Alberni, is considered to add value to this collaboration. This platform was introduced in March 2024 , uses conversational AI to simplify global employment tasks from contract creation to expense management, and is available in 170 languages.

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