Core Insights - The AI recruitment platform HelloBoss, developed by the Asian startup NGA, has attracted significant attention in the capital market after completing a Series A funding round led by Bertelsmann Group through BAI Capital, with funds aimed at technology development and global market expansion [1][9] - HelloBoss aims to automate 90% of the recruitment process using its proprietary AI matching algorithm, enhancing communication efficiency and matching success rates between employers and job seekers [1][5] Company Overview - NGA's founder, Wang Qin, has a background in HR with five years at the renowned Recruit Group and has previously launched a platform for overseas illustrators [2] - The technical advisory team includes Dr. Xue Yanbo, former chief scientist at BOSS Zhipin, with a development team sourced from major tech companies like ByteDance, Tencent, and Microsoft Research [2] Market Context - The recruitment market in Japan is characterized by a significant shortage of labor, with an effective job-to-applicant ratio of 1.31 in 2023, indicating a severe labor shortage exacerbated by aging demographics [3][5] - Japan's headhunting industry is substantial, with over 30,000 firms and a market size exceeding $10 billion, driven by high demand for recruitment services across various sectors [3][7] Product Features - HelloBoss is designed to streamline the recruitment process, allowing employers to create job postings efficiently using a database of 5.5 million companies in Japan, and automating the editing and publishing of job descriptions [5][6] - The platform offers a results-based payment model, where companies pay only upon successfully hiring candidates, potentially reducing overall recruitment costs by about 20% and halving the recruitment cycle time [6][7] Financial Performance - HelloBoss has achieved a tenfold revenue increase since its launch, with expectations to reach profitability by 2026 based on new service packages [9] - The company plans to invest in model training and infrastructure optimization, as well as expand its team to enhance service delivery quality [9] Future Plans - NGA aims to expand internationally, focusing on regions with aging populations and imbalanced labor markets, leveraging Bertelsmann's resources for support in Europe [9][10] - The recent partnership with US unicorn Deel Inc. introduces a "Global Remote Hire" service, facilitating remote hiring processes for companies without the need for local entities [10]