Ushering in the Next Era of Sourcing: A Letter from Loxo's CEO

I made a promise earlier this year — that Loxo users would soon see a major acceleration in our product roadmap.

The bar for recruiting software and the challenges facing your business have never been higher.  These factors combined with the maturation of artificial intelligence and our unwavering commitment to achieving our mission are why we chose to secure a $115M growth investment.  

In less than 6 months, we’ve drastically sped up our product roadmap.  By the end of the year we’ll have doubled the size of our workforce — establishing Loxo as the fastest growing platform, and one of the largest pure play recruiting software companies in the world.  

This all means that Loxo will invest more capital, human talent and focus into R&D than any other company in the world on building category leading software for professional recruiting organizations just like yours.

What you’ve seen over the past 6 months is only a glimpse of where we’re headed together.

Today, I'm thrilled to share a bleeding edge AI innovation, which will fundamentally change how recruiters source talent: Loxo's Natural Language Search (NLS).

We can all agree that finding the right candidate is a recruiter's number one priority. The challenge has always been the process itself: jumping in and out of many different software tools with limited search capabilities, wrestling with complex Boolean logic and restrictive filters. The most frustrating part? After all that time-consuming work and clunky workflows, we still miss out on great people who don't perfectly match our search terms.

NLS is a fundamentally new way to source — one that breaks through the typical barriers to entry and finds candidates that nobody else can in the fastest and easiest possible workflow.

Here are just a few of the (many) reasons NLS is truly a game-changer:

• Plain language search: You can type what you want in plain language and Loxo’s AI interprets the intent, nuance, and related context for you. It expands your query automatically — while still allowing you to layer Boolean and filters on top for more precision.
• Access more talent: NLS can search both your own database and Loxo Source's network of 1.2 billion professional profiles, ensuring no stone is left unturned and you uncover candidates you would otherwise miss.
• Standardize sourcing quality: With NLS, recruiters of any skill level can source like pros from day one, leading to more consistent results across your team.
• Fully integrated: This feature is built directly into Loxo, so you don’t have to switch tools or purchase third-party bolt-on AI Sourcing tools.
• Start your search with AI: Loxo’s AI can even assist you in defining your search criteria to uncover best-fit candidates for any search assignment.
• True Artificial Intelligence: Loxo’s NLS combines the best of our proprietary algorithms and AI infrastructure, with state-of-the-art LLMs and will only continue to get better and more accurate with each software upgrade.  A year from now, the levels of performance that you will be able to achieve using our AI sourcing will be unrecognizable from how you find best-fit candidates today.

Since founding Loxo in 2012, our vision and mission has never changed — and I give you my promise, yet again that Loxo will never stop working towards achieving our mission and helping our customers' be more successful.

Our mission is:

To build the world's leading software company for the recruitment profession through unparalleled product innovation.  

NLS is simply the next step in our commitment to push the industry forward and deliver innovations that drive both performance and profitability. We're laser focused on making it easier for our customers to succeed at what truly matters: finding and connecting with the best match talent for your clients at a pace never before possible.

The future of recruiting software isn’t coming — it’s already here. 

Grateful we’re on this ride together,

Matt

PS: Another fun update, in case you missed it — our AI Notetaker is now live in Loxo, too. It’s essentially a meeting assistant that captures every word in each interview, and uses AI to organize an interview outline and automatically syncs everything into the ATS for you. You can learn more about it here.