In early 2025, Paddy Lambros founded Dex, an AI-driven recruiting startup, following his experience advising around 100 startups at Atomico. He observed that many challenges faced by emerging companies stemmed from hiring decisions. To address these issues, Dex has focused on recruiting talent in high-demand fields such as AI research and software development.
On Monday, the company announced it secured a $5.3 million seed funding round, led by Notion Capital, which increases its total funding to $8.4 million after a previous $3.1 million pre-seed round last year. Lambros did not disclose the startup's valuation following this latest investment.
Dex has attracted over 15,000 engineers and is currently partnered with more than 50 tech companies, including notable names like Lovable and ElevenLabs. Since generating revenue in late 2025, the company has achieved an annualized revenue run rate of approximately $1.8 million. Lambros indicated that profitability could be reached by the end of this year.
The startup operates as an “AI talent agent,” employing advanced AI models to match candidates with job openings and facilitating interviews, while not providing software to recruiters directly.