Eightfold AI raises $125 million Series D funding for its AI-powered talent intelligence platform

With millions of unemployed people out there you might think it would be easier for companies to find the perfect candidate. Think again. Finding the perfect candidate is like looking for a needle in a haystack. Besides, the traditional ways of finding the right candidates no longer cut it for many organizations. That’s where Eightfold AI comes in.

Eightfold AI is a San Francisco-based tech startup and a provider of an AI-powered talent intelligence platform that helps companies to identify promising candidates, reach diversity hiring goals, and retain top performers. Eightfold was founded by a team of experts in machine learning, artificial intelligence, search, personalization, and enterprise solutions. They’re now applying their experience in delivering technology at scale to solve employment, finding the right career for everyone in the world.

Yesterday, Eightfold announced that it has raised a $125M Series D funding round to expand and scale its leading AI-powered Talent Intelligence Platform, a single solution for managing the entire talent lifecycle. The funding round is led by General Catalyst and also includes investors from previous rounds, including Capital One Ventures, Foundation Capital, IVP, and Lightspeed Venture Partners. The latest round, which brings the total funding raised to date by Eightfold AI is more than $180 million, now puts the company at a $1 billion valuation.

Founded in 2016 by Ashutosh Garg and Varun Kacholia, Eightfold has more than quadrupled its sales since the last round of equity funding in April 2019. Eightfold AI’s customers, leading companies embracing this global talent transformation, include AirAsia, Bayer, Capital One, and Micron. Eightfold has customers across 110 countries, 17 industries, and 13 languages.

“Our mission is to leverage our expertise in AI to provide the right career for everyone in the world,” said Ashutosh Garg, Founder & CEO at Eightfold. “The Eightfold team has spent the last four years developing a single platform servicing all talent lifecycle needs, bypassing single-point solutions entirely. This is the future of our industry and has already made Eightfold the go-to provider for industry leaders in every sector. We are grateful to our investors, customers, and partners for sharing in our vision, especially at a time when the immediate focus is on the well-being of the global workforce.”

Below is the video of the funding announcement.