Startup Gigs Apr 18 2012

With $25 Million Cash Infusion, Jumio to Hire 30

By joseph walker

Mountain View, Calif.'s Jumio Inc. plans to hire up to 30 new employees in the U.S. and Austria this year. Last month, the company raised $25.5 million in a venture capital financing round led by Andreessen Horowitz. The financing valued the company at $100 million, Bloomberg reported.

Founded in 2010, the company makes a technology that allows consumers to buy items by waving their credit cards in front of a Web cam. The technology can also be used for identity verification. Jumio currently has 45 employees.

In the U.S., the company plans to hire junior and senior Java developers, computer graphics specialists, and engineers with experience in object recognition codes. They'll also hire engineers in Europe, along with sales people.

Jumio looks for engineers with an entrepreneurial spirit who are flexible enough to work in a dynamic start-up environment. "You can't always stick to your plan or your product road map," said Chief Operating Officer Thomas Kastenhofer. "You often have to change strategy to thrive in the market. That's sometimes a problem for programmers to accept that maybe we made a mistake or had the wrong idea, and it all has to be done really quickly."

Kastenhofer declined to discuss the company's revenues, but said that senior developers can earn between $120,000 to $140,000 per year, depending on experience. Equity compensation is competitive, he said.

Write to Joseph Walker at Joseph.Walker@dowjones.com



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