Eightfold AI Raises $220 Million in Series E

by Kay Aloha Villamor in August 25th, 2021

Eightfold AI has raised $220 Million (about Rs 1,607.4 crore) in funding led by SoftBank's Vision Fund 2. With investors from previous rounds, including General Catalyst, Capital One Ventures, Foundation Capital, IVP, and Lightspeed Venture Partners.

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. 

Company: Eightfold, Inc.

Raised: $220.0M

Round: Series E

Funding Month: June 2021

Lead Investors: SoftBank's Vision Fund 2

Additional Investors: General Catalyst, Capital One Ventures, Foundation Capital, IVP, and Lightspeed Venture Partners

Company Website: http://eightfold.ai/

Software Category: Talent intelligence platform>AI

About the Company: Eightfold AI offers a talent intelligence platform that helps organizations to retain top performers, upskill and reskill the workforce, recruit top talent efficiently, and reach diversity goals. 'Current HR systems are designed to address issues from a previous era, and they have failed to keep pace with the changing nature of work and the workforce.

Source: http://bwdisrupt.businessworld.in/article/Eightfold-AI-Raises-220-Mn-Funding-From-SoftBank-Others/10-06-2021-392730/

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