Checkr was founded in 2014 by Daniel Yanisse and Jonathan Perichon. After a 2021 round of funding brought in $250 million in venture capital funding, boosting the company's valuation to $4.6 billion, CEO Yanisse said that an IPO could be on the table in the near future. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Checkr uses artificial intelligence and machine learning to make background checks "faster, easier, and more compliant," allowing companies to "better understand the dynamics of the changing workforce, bring transparency and fairness to their hiring, and ultimately build a better future for workers." In 2018, Checkr acquired Lytmus, a hiring platform. In 2022, the company acquired ModoHR Technologies, a canadian background data delivery firm. Checkr has raised over $550 million in funding from investors including Durable Capital Partners, Fidelity Investments, Franklin Templeton, Bond Capital, and Khosla Ventures. The recent $4.6 billion valuation is more than double the company's previous valuation from less than a year earlier.