Eightfold AI today announced that it has raised a $220M Series E funding round. This Series E funding round is led by SoftBank Vision Fund 2 and also includes investors from previous rounds, including General Catalyst, Capital One Ventures, Foundation Capital, IVP and Lightspeed Venture Partners. Total funding raised to date by Eightfold AI is more than $410M, with more than $350M coming in the last several months.
“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,” said Ashutosh Garg, Founder & CEO at Eightfold. “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.”
Work is changing and the workforce is evolving, forcing organizations to become future-ready today. The need for personalized reskilling and upskilling programs has become one of the most critical issues facing the global workforce today, and Eightfold AI is uniquely capable of solving this issue at a global scale.
The funds will be used to continue the rapid growth and development of Eightfold’s AI-powered Talent Intelligence Platform and expand its growing partner ecosystem.
Announcement: Eightfold AI Raises $220M for Talent Intelligence