Blucor

The talent infrastructure
for 80 million
blue-collar workers.

An active AI agent that builds the career data blue-collar workers have never had — turning their reliability and skills into social trust, visible to employers for the first time.

Series A · December 2026 BlancAI Inc. · New York Keita (CEO) · Hiromu (CTO)

Building investor relationships now. Formal Series A process opens September 2026.

01
Team

Founders and Strong Teams

Keita Kevin Noritoshi
Keita Kevin Noritoshi
Co-founder & CEO
  • Teambox (HR tech) co-founder
    $2M ARR · 80% net margin · 5 yrs
  • Head of Recruiting, Cookpad (world's #1 recipe platform) — 100 hires/yr
  • Consulted for:
Recruit
Hiromu Yakura
Hiromu Yakura
Co-founder & CTO
  • Google & Microsoft PhD Fellow (world top 3)
  • Former CTO, Teambox (HR tech)
  • Anthropic Fellowship (2025)

Research: ML × HCI · human resource development

Google

Two co-founders, 10+ years working together. Keita saw hiring fail to scale from the inside. After relocating abroad, both experienced what it means to be trusted less — not because of ability, but because of background. Meeting a licensed electrician who couldn't find work for lack of verifiable data made the problem concrete. That gap became Blucor.

02
Our Mission

Empower the hard-working minorities no system has ever recognized.

80 million blue-collar workers power the global economy. They show up every day. They build things, move things, keep factories running. But no system has ever built career data for them.

Their reliability is invisible. Their trust doesn't accumulate anywhere. They're indistinguishable from someone who doesn't show up at all — and they have no way to prove otherwise.

We build the career data blue-collar workers have never had — trust scores that follow them, compound over time, and turn hard work into social and economic recognition.

03
The Problem

80M workers have no career data — and both sides pay for it.

80M workers
have no career data
Reliable Unreliable or unknown
Reliable · Unreliable · Impossible to tell.
The Blue-Collar Worker

LinkedIn can't reach them. Indeed only captures a name and snapshot. Their reliability is invisible. They work hard — but there's no data to prove it.

The Employer

Without trust data, every hire is a guess. 50% no-show rate. Wrong hires leave in 90 days. The loop repeats at full cost — forever.

The loop that never breaks
No career data
Manual screening
No-shows · Bad hires
Early turnover
Hire again ↩
04
The Solution

An active AI agent that makes
worker trust visible —
for the first time.

Hope proactively reaches out to workers, builds their career data from scratch, and turns reliability and experience into a living trust score. Hard work finally compounds into something visible and socially trusted.

For the first time, Worker's Trust is visible.
20 min
to first trust score
Monthly
auto AI updates
3,000+
living profiles today
Three layers of data — built over time
Layer 3
Behavioral Trust
Response rate · Show-up rate · Retention rate
Accumulated automatically. Candidate does nothing.
Layer 2
Credential Trust
Work authorization · Background check · Licenses
Verified once. Factual. Durable.
Layer 1
Preference Data
Location · Role type · Shift · Wage expectations
Hope updates this every month. Candidate does nothing.
← foundation · builds upward over time
For the worker

A trust score that proves reliability. A career that builds toward economic access — bank accounts, credit, social recognition. No longer invisible.

For the employer

A talent pool with real trust data. The ability to find the reliable workers who were always there — but had no way to be found.

06
Why It's Different

Every existing solution has broken data.

The infrastructure to collect this data never existed — not because the problem was unknown, but because the technology to build it wasn't there. Until now.

Every platform before Blucor
Platform Who updates data Freshness Candidate effort
LinkedIn User (rarely) Months / years old Required
Indeed User (at apply) Frozen snapshot Required
Staffing Recruiter (per req.) Starts from zero Required

Worker effort required to stay visible. Most workers don't bother. Trust stays invisible.

Blucor — Hope AI
Layer Who updates Freshness Candidate effort
L1 Preference Hope AI Every month Zero
L2 Credential Hope AI Verified once Zero
L3 Behavioral Auto-accumulated Always current Zero

Candidate effort: zero. Hope updates automatically. Trust becomes a living score — visible to employers, on demand.

07
Why Now

Three forces converged in 2024.
The window is 2–3 years wide.

Force 01

GPT-4 crossed the voice quality threshold

Before 2024, workers dropped AI calls midway. After GPT-4's production deployment, existing clients told us unprompted: "The voice quality is incredible." We didn't change anything — the technology crossed a threshold.

Force 02

80M workers have always had zero structured data

LinkedIn can't reach them. Indeed captures a name and phone number. The infrastructure was never built because the technology to build it didn't exist. Now it does.

Force 03

Demand is spiking without a supply layer

Reshoring, data center construction, and manufacturing expansion are driving unprecedented demand for skilled blue-collar workers. The supply-side data infrastructure doesn't exist yet.

GPT-4 voice quality
80M unstructured workers
Reshoring demand spike
2024
The window opens
2–3 year window.
Whoever builds the data layer owns the category.
08
Defensibility

Indeed tried this in 2023.
They failed. Structurally.

In 2022, Indeed shifted to pay-per-application. SMB monthly spend jumped from $100 to $1,000+. Backlash was immediate. December 2023: fully reversed.

Indeed's revenue is click monetization: better matching = fewer clicks = less revenue. They structurally cannot solve quality matching without destroying their business model.

  • Data that doesn't die. Hope's post-placement check-ins keep worker profiles active after hiring. The dataset compounds with every interaction.
  • Trust Score network effect. At 100K workers, "Blucor or nothing" becomes the regional norm.
  • Fortune Global 500 operational dependency. 300-position annual contracts. Switching cost: rebuild screening from zero.
Competitive positioning
Capability Blucor Indeed LinkedIn HireVue Paradox
Blue-collar reach Partial
AI voice screening Video
Own talent pool
Post-hire tracking
Success fee model
Only Blucor combines all 5 — a structurally unclaimed position.
09
The Infrastructure Play

Three phases. $91B total addressable market.

Phase 1 — Now → 2027
Hiring Market
AI screening · talent pool · 20M annual blue-collar hires
$55B
80M workers · 25% turnover
We are here
Phase 2 — 2028+
Work History API
Live employment + income data sold to lenders, landlords, employers
$6B
US employment + income verification · 14% CAGR
Phase 3 — 2030+
Trust Score
Financial identity for 45M credit-invisible Americans. The data layer for blue-collar finance.
$30B+
US open banking by 2030 · alt credit data

Hope's 20-minute call doesn't just fill a position — it builds a worker's career record from scratch. Hiring is how we distribute. The data is why we built this. Detail → A07

10
Hiring Market

$55B hiring market.
Blucor captures it at $4,500/hire.

$55B
US blue-collar hiring

80M workers × 25% turnover × $2,750 avg. cost

$15B
US manufacturing + wholesale

Fortune 500 + large-cap US manufacturers & distributors

$2.6B
Texas + LA + sales roles

2% US share = $900M ARR

The hiring market alone is a large, independent business — and the data we collect here is the foundation for a much larger infrastructure play. See next slide →

Market size — relative scale
TAM — US blue-collar $55B
80M workers · 25% turnover · $2,750 avg cost
SAM — Manufacturing + wholesale $15B
27% of TAM
SOM — Blucor 3-year target $2.6B
4.7% of TAM
Texas + LA + sales roles · 2% US share = $900M ARR
Blucor enters at the target market — expands to full hiring market
11
Business Model

Platform fee proves PMF.
Success fee expands TAM 10x.

StreamWho paysAmount
A — Platform FeeEnterprise HR (annual)$30K–$120K/yr
B — Success FeeEnterprise + any SMB7% year-1 salary (~$4,500/hire)
C — Hope RetentionPlatform clients (add-on)$10/person/month

Key insight: Stream A = enterprise SAM only. Stream B = every employer in the US with a blue-collar opening — same product, 10× TAM.

Relative TAM per stream
A — Platform
$15B SAM
B — Success
$55B — every US employer with blue-collar openings
C — Hope
+$10/mo
Today: 100% Stream A. Streams B + C scale post-Channel A automation (July 2026).
Enterprise pays A + B + C. SMBs pay B only. Same product, different entry point.
12
Traction

22x in 7 months.
Fortune Global 500 signed. $2.76M pipeline.

$170K
ARR · March 2026
$12,700 MRR
22x
growth in 7 months
Aug 2025 → Mar 2026
10
paying employers
0 churn · 5mo avg tenure

$1.2M total raised to reach $170K ARR — 1 Fortune Global 500 logo + 9 enterprise/SMB clients, zero churn, 3,000-person talent pool.

ARR growth (Aug 2025 – Mar 2026)
$0 $50K $100K $150K $200K Aug Sep Oct Nov Dec Jan Feb Mar $7.7K $170K
Aug 2025 22× growth → Mar 2026
13
Unit Economics

$384 in. $4,500 out.
~12x per transaction.

Candidate acquisition (20 × $19.20 Google Ads CAC)$384
Total per hire$384
Success fee (7% × $65K avg salary)$4,550
Platform fee (annualized per hire)$600–$800
Total revenue per hire$4,500–$5,300
Cost per hire $384
~12×
gross return per transaction
Revenue per hire $4,500
vs. staffing agency at 30%: Blucor is 4.3× cheaper for the employer per hire
14
Case Study · Enterprise

Fortune Global 500 manufacturer.
Trial to full contract.

Challenge

Daikin's US manufacturing operations needed a reliable pipeline for blue-collar workers — screened, vetted, and interview-ready. Job boards weren't delivering. Agency fees were compounding.

What Hope did

Hope accessed Blucor's talent pool and proactively screened candidates to Daikin's spec — 24/7, in English and Spanish. No job board postings. No agency markups. Ranked candidates delivered before HR reviewed a single resume.

Result

Pilot SOW signed. April 2026 launch. 70-position trial underway.

Trial converts to full contract at 250 positions. $1.05M+ ARR potential from a single account. Post-Daikin pipeline: Honda.

Account snapshot
70P
April 2026 launch
250P
Post-trial expansion
$1.05M+
Single account
Client
Daikin — HVAC manufacturing
Fortune Global 500 · Japan-headquartered · US operations
15
Case Study · Mid-Market

US manufacturer.
Annual contract. Zero churn.

Challenge

Twin City Fan needed a consistent pipeline for fan assembly workers across multiple shifts. Traditional recruiting was slow, expensive, and produced candidates who ghosted before day one.

What Hope did

Hope automated first-round screening, reaching candidates within the hour — before they applied elsewhere. Every applicant phone-screened and ranked before HR reviewed a single resume.

Result

Annual contract signed. $54K ARR. Zero churn since onboarding.

"Hope screened 40 candidates in 72 hours. We hired 3."
— Matthew Dillon, Twin City Fan

Account snapshot
$54K
Annual contract
0%
Since onboarding
72hr
40 candidates
Client
Twin City Fan — industrial manufacturing
US-headquartered · mid-market · fan + ventilation systems
16
Case Study · SMB

Recycling plant.
Fully hired in 2 weeks.

Challenge

Geomet Recycling needed workers for physically demanding roles with high turnover. Every open position meant lost throughput. Standard job boards returned unqualified candidates who didn't show up.

What Hope did

Hope proactively reached candidates in Blucor's talent pool who matched the physical and availability requirements — screened and shortlisted before the client posted a single job ad.

Result

Open positions filled within 2 weeks. Ongoing contract. Reorder within 60 days of first hire.

SMB accounts like Geomet prove the self-serve motion: low CAC, fast close, high reorder rate. The engine that funds enterprise growth.

Account snapshot
2wk
All positions filled
60d
After first hire
$384
Per hire
Client
Geomet Recycling — recycling & waste management
US SMB · high-turnover roles · ongoing contract
17
Revenue Roadmap

How we build to $2M ARR.
Two customer categories. One compounding model.

Dec 2026 ARR composition · $2.82M
Enterprise 4 accounts · $120K avg ACV
$1.14M ARR
Platform fee + success fee · annual contracts · 3 existing + 1 new enterprise (Oct)
SMB 167 accounts · $10K avg ACV
$1.68M ARR
Success fee + platform · AI Caller scales to 164+ accounts · contract range $30K–$100K/yr · no overhead scaling
ARR trajectory by category
Apr '26
$153K
Jul '26
$512K
Dec '26
$2.82M
SMB
Enterprise
Revenue mix shift
Today
100% platform
Dec 2026
85% success fee
Success fee scales with hiring volume — no additional contract overhead. Higher volume = higher margin.
Series A opens Sep 2026
$2M ARR crossed Nov 2026
20+ customers
18
Team & Execution

Traditional staffing's moat was headcount.
Ours is automation depth.

10-step hiring automation — end-to-end pipeline
01 Outreach
02 Hope call
03 Scoring
04 Hope check-in
05 Scheduling
06 Feedback loop
07 Fee collect
08 JD polish
09 Indeed API
10 Contract auto
4 done
4 in progress (Apr)
2 pending (May)
April 30: 8/10 steps live (steps 1–8)  ·  July 2026: 10/10 automated · 100 positions/month capacity

Built $0 → $170K ARR on $1.2M. Owns enterprise sales and product direction. Japanese enterprise network gave direct access to Fortune Global 500 logo before product was complete.

Built Hope, post-placement check-in system, and candidate data layer in 6 months. All core IP in-house. 8/10 steps of the hiring automation roadmap automated by April 30.

Pre-Series A: AI Outbound Operator (student, AI-native, already validated).
Post-Series A: English-native Enterprise Closer · $120K + incentive.

19
Path to Series A

$1.2M in. Profitable
before we raise.

Dec 2024
Angel SAFE
$1M
ValCap SAFE
Mar 2026
$170K ARR
10 customers
22× growth
Apr 2026
Bridge $200K
Fund Channel A
Jul 2026
Break-even
Channel A live
100 pos/month
Dec 2026
$2M ARR
Series A open
$80M pre-money
~$40K
$600K over 15 months
$600K
SAFE $400K + Bridge $200K
$6K
additional MRR needed · Jul 2026
ARR trajectory
Mar'26 Dec'26 Dec'27 Dec'28 Dec'29 $170K $2M $8M $32M $96M Series A
20
The Ask

Series A: $10–15M.

First priced round. Angel SAFE + Bridge convert at cap. 10–15% dilution. 22+ months runway post-close.

Candidate acquisition
(pool 3K → 100K)
$5.4M Product & engineering
(Trust Score, API)
$3.0M Sales headcount
(Closer + Sales Head)
$2.4M AI infrastructure scale
$2.0M Buffer & runway
$2.2M
Jul 2026
Break-even. Channel A 100P/month live.
Sep 2026
Series A process opens. 20+ customers.
Dec 2026
$2M ARR. Trust Score live. Series A closes.

"The data infrastructure for 80 million blue-collar workers has never existed. We've proven the unit economics on $1.2M. This raise is to own the category."

21
Appendix
↑ Cover
Legal Entity

BlancAI Inc. is the legal entity (Delaware C-Corp). Blucor is the brand and product name (lowercase c — always). The plan is to rename the legal entity to Blucor Inc. post-Series A.

A01
Appendix
↑ Problem
Problem Evidence & Sources
StatSource
30–50% interview no-show rateSHRM Blue-Collar Hiring Report; Blucor client interviews
6-week avg. time-to-fillSHRM / LinkedIn Talent Trends 2024 (manufacturing)
25–30% agency placement feeIndustry standard; confirmed by Daikin, TTS procurement teams
80M US blue-collar workersBLS: Non-supervisory production/transportation workers 2024
2.7B global deskless workersMcKinsey Global Institute 2023
  • Before: AI voice calls had robotic pacing. Workers hung up mid-conversation.
  • After: Existing clients told us unprompted: "The voice quality is incredible." Same product — technology crossed a threshold.
  • 2024 deployment lag: Retell AI's production-grade pipeline + Blucor's prompt engineering reached reliability threshold in mid-2024.
A02
Appendix
↑ Solution / Results
Full Hiring Funnel + Channel Performance
Registered
100%
3,000+ SMS'd
25%
762 Calls done
21%
618 Presented
~80 Hired
~2

Trust Score not yet implemented. Target: 0.81% conv rate post Trust Score (May 2026).

Cost per posting$100
Interviews per posting~20
Hires per posting1
Revenue per hire$4,500
Current volume~3–5/month
Target (July 2026)100/month

Currently measuring. Target: 60%+ of Resume Sent pool. Hope's monthly check-in is the engine.

How to read this funnel — two channels, two purposes
Channel C (Google Ads) = Talent Pool Building

The 3,000-person pool is a reservoir, not a hiring channel. Google Ads converts anonymous workers into structured, scored profiles. Current hire count (~2) reflects that pool→position matching is not yet automated — it activates when Trust Score goes live (May 2026) and Channel A reaches scale (July 2026). The $3.45/$19.20 CAC is a long-term moat investment tracked separately from per-hire cost accounting.

Channel A (Indeed Direct) = Current Revenue Engine

All current hires and revenue flow through Channel A: post an Indeed job ($100) → Hope screens 20 candidates in 24 hours → 1 interview-ready hire → $4,500 revenue. This channel is fully proven and scales to 100 positions/month by July 2026 via the Indeed Partner API. The pool provides the moat; Channel A provides the revenue. By Series A, both channels converge into a single automated pipeline.

A03
Appendix
↑ Why Now
Why Blucor Specifically
  • Keita's Japanese enterprise network gave direct access to Daikin, Itochu, and TTS — including Fortune Global 500 group companies — before having a fully built product.
  • Hiromu built Hope in 6 months — AI voice pipeline, post-placement check-in, candidate scoring, and employer portal all in-house.
  • Blucor is the only team to have actually completed end-to-end blue-collar AI placements (618 Resume Sent, confirmed hires).

At 10K workers in a region, switching costs make it difficult for a new entrant. At 100K, it becomes near-impossible. We're building toward 100K by Series B.

Window closes when: (1) a funded competitor reaches regional pool density, (2) Indeed/LinkedIn acquires a voice AI company, or (3) labor demand normalizes.

A04
Appendix
↑ Traction / Customers
Pipeline Detail — Contract Status
ClientContract StatusPosition RampARR PotentialTiming
TTSAnnual signedOngoing$3.6M (success fee)Active now
DaikinTrial SOW signed70P trial → 250P full$1.05M+ (platform + success)April 2026
ItochuAnnual signed300P/year confirmed$1.26M (success fee)Active; ramp Q2-Q3
RicohTrial confirmedTBDTBDQ2 2026
HondaPost-Daikin pipelineTBDTBDH2 2026
Steel-IQ / NMB USAFollow-up pendingSMB scale~$30K eachQ2-Q3 2026

US enterprise concentration risk: English-native Sales Head confirmed post-raise. Target: US-native enterprises = 50%+ of customer count by Series A close (Dec 2026).

A05
Appendix
↑ Business Model / Unit Economics
Revenue Breakdown Today (March 2026)
Platform fee (MRR × 12)~$152K ARR
Success fee (YTD 2026)~$12–15K
Hope check-in (deployed, not yet billed)~$0
Total~$170K ARR
TTS
$5,000 TCF
$4,200 Daikin
$2,500 Itochu
$1,000 6 SMBs
~$0
Total MRR $12,700
A06
Appendix
↑ Market
TAM Methodology — All Three Phases
US blue-collar workers80M (BLS 2024)
Annual turnover rate25% (SHRM mfg avg)
Annual hires20M
Avg. hiring cost / placement$2,750
TAM$55B
SAM (mfg + wholesale)$15B
Blucor SOM (3yr)$2.6B

BLS Occupational Employment Statistics 2024 · SHRM Hiring Benchmarking 2023 · IBISWorld Staffing 2024

US Employment Screening + Verification (2024)$5.9B
└ Equifax Verification Services alone~$2.0B/yr
└ Equifax market share~34%
Equifax: 149M verifications in 2024734M records
Argyle ($110M raised) · Truework ($400M val)early comps
TAM (US, current)~$6B
Global by 2033 (14% CAGR)$16B+
SAM (blue-collar real-time)~$2B

Equifax Q2–Q4 2024 earnings releases (public) · Verified Market Reports 2024 · DataIntelo Income Verification Platform 2024 · Sacra / Argyle/Truework funding disclosures

Key insight: Equifax earns $2B/yr on Verification Services using static employment records. Blucor's data is live and continuously updated — structurally superior product in the same market.
US open banking market (2030 forecast)$31.2B
└ CAGR 2024–203027.6%
Alt credit scoring (global, 2033)$8.7–11.7B (19–23% CAGR)
45M credit-invisible AmericansCFPB + TransUnion confirmed
US auto loans outstanding$1.66T (NY Fed Q4 2024)
US personal loans outstanding$249B (TransUnion 2024)
Plaid ARR (2024) · valuation$390M · $6.1B
TAM (US open banking, by 2030)$30B+
SAM (blue-collar financial identity)~$8B

Grand View Research Open Banking 2024 (CAGR 27.6% confirmed) · CFPB Credit Invisible primary research · TransUnion newsroom 2023 · NY Fed Household Debt Q4 2024 · Sacra / Plaid 2025 funding disclosures

Regulatory: FCRA compliance required. Plan: build after Phase 2 reaches $50M+ ARR. The open banking CFPB Rule 1033 (2024) accelerates the market.
A07
Appendix
↑ Defensibility
Competitive Landscape
CompetitorWhat they doWhy they can't copy Blucor
IndeedJob board, click monetizationRevenue model structurally conflicts with matching quality. Proved by Dec 2023 reversal.
LinkedInWhite-collar professional networkCore product requires self-authored profiles. 80M blue-collar workers can't use it.
HireVueEnterprise video/AI interview (white-collar)Built for Fortune 500 corporate roles. No blue-collar voice screening, no talent pool.
Paradox (Olivia)Conversational AI for high-volume hiringOperates within existing ATS systems. No pool ownership. No post-hire data.
Workday / SAPEnterprise HCM, white-collar ATSNo blue-collar talent pool. No voice AI. Different buyer entirely.
MercorWhite-collar freelance talent poolGlobal remote white-collar. No blue-collar. No voice. Different data model.
A08
Appendix
↑ Team & Execution
Execution Detail — Bottlenecks & Hiring Plan
BottleneckSolutionDeadline
JD confirmation (45 min/posting)GPT-4o form → v2Apr mid
Contract + Stripe (2 hr/client)DocuSign + Stripe Billing autoApr end
Indeed posting (60 min/post)Indeed Partner API + ZapierMay end
RoleWhenCompProfile
AI Outbound OperatorNowLow baseStudent, AI-native. Previous student: outbound → trial in 3 weeks.
Enterprise CloserPost-Series A$120K + incentiveUS-based, enterprise B2B. "Committed pending raise."
English-native Sales HeadPost-Series A$150K+US enterprise expansion. Drives 50% US customer target.
A09
Appendix
↑ Financials
Financial Detail — $2M ARR Scenario + Growth Model
Platform (signed + Daikin ramp)~$0.8M ARR
Channel A (100P/month ramp, ~40 hires avg)~$0.9M ARR
Success fee (existing pipeline)~$0.3M ARR
Total Dec 2026~$2.0M ARR

Key dependency: Channel A requires Indeed Partner API live by May 2026.

Platform only~$0.8M ARR
Channel A partial (3 months)~$0.3M ARR
Success fee~$0.2M ARR
Bear case Dec 2026~$1.3M ARR

Bear case: profitable at $1.3M ARR but Series A timing → Q1 2027.

PeriodARRGrowthRound
Mar 2026$170KAngel SAFE
Dec 2026$2M12×Series A open
Dec 2027$8M→ Series B
Dec 2028$32M→ Growth
Dec 2029$96M
Dec 2031$300M+→ Exit / IPO $5B+
A10
Appendix
↑ The Ask
Valuation Methodology + Comparable Analysis
① Revenue multipleDec 2026 $2M ARR × 40× forward = $80M
② Mercor comp (adjusted)Mercor Series A: $250M on $35M ARR (7×). Blucor: earlier stage + infrastructure premium (Phase 2/3) = net 40× forward justified.
③ Capital efficiency$1.2M → $2M ARR + profitability. Equivalent cap efficiency = 35–50× forward ARR.
Keita (Common)1,000,000 shares70%
Option pool (unissued)428,571 shares30%
Angel + Bridge (SAFE)$1.2M outstandingConverts at cap
Mercor
7× · $35M ARR
$250M Paradox
40× · $5M ARR
$200M Checkr
10× · $10M
$100M Blucor ★
40× · $2M ARR
$80M

40× justified by Phase 2 infrastructure premium. Phase 1 alone = $2M × 15× = $30M valuation.

A11