Announced
Completed
Financials
Sources
Tags
Private
software developer
United States
United States Minor Outlying Islands
Friendly
Software
Acquisition
Minority
Venture Capital
Cross Border
Completed
customer intelligence platform
Private Equity
Synopsis
SoftBank Vision Fund 2, a fund with a goal to invest in AI-based technology, led a $220m Series E funding round in Eightfold AI, a provider of a talent intelligence platform designed to assist companies to find, recruit and retain workers. Additional investors include General Catalyst, Capital One Ventures, Foundation Capital, IVP and Lightspeed Venture Partners. "Current HR systems were designed to address issues from a previous era, and they have failed to keep pace with the changing nature of work and the workforce. At Eightfold, we have an unprecedented opportunity, using AI to align the career goals of individuals while simultaneously creating better results for employers. Transforming HR and global talent further unlocks trillions of dollars worth of human potential. SoftBank shares our bold vision, and we are excited to welcome them as our partner," Ashutosh Garg, Eightfold Founder & CEO.
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