Loxo

Company overview

Loxo is a Denver, Colorado-based talent-intelligence company founded in 2012 by Matt Chambers and Ilia Cheishvili. Its platform unifies AI sourcing, a recruiting CRM, an ATS, and outreach into a single system of record, powered by proprietary deep-learning ranking models (marketed as a seventh-generation algorithm) and a self-built talent graph of 800M+ people (cited up to ~1.2B on the AI product page). Loxo says it serves 13,000+ executive-search, RPO, professional-recruiting and staffing teams and has raised roughly $115M led by Tritium Partners.

Regulatory exposure

Loxo's AI ranks and shortlists candidates, placing it squarely within EU AI Act Annex III high-risk hiring use and within NYC Local Law 144's definition of an automated employment decision tool. Despite this, Loxo publishes no bias audit, no model or technical documentation, and no EU AI Act or LL 144 deployer guidance; instead its AI product page makes an unsubstantiated marketing claim that the algorithm 'eliminates the potential for human bias.' Loxo's public compliance surface is data-protection oriented (SOC 2 Type II, GDPR/CCPA tooling, a DPA with Standard Contractual Clauses, a subprocessor list) rather than AI-governance oriented, leaving a material gap between its regulatory exposure and its published evidence.

Path to a higher score

Loxo could raise its score by commissioning and publicly posting an independent NYC LL 144 bias audit and repeating it annually, releasing model/system cards and an explainability statement for its ranking models, adding EU AI Act Article 27 (FRIA) and LL 144 deployer guidance, and disclosing what candidate data is and is not used to train its models (an exclusion list). Standing up a public status page and a formal vulnerability-disclosure channel would strengthen post-market monitoring, and pursuing ISO/IEC 42001 would consolidate these into a recognized AI-management framework.