Status
Available
Last Round Valuation
$50 Billion
Share Price
$50.00
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Eightfold AI's market-leading Talent Intelligence Platform helps organizations retain top performers, upskill and reskill their workforce, recruit talent efficiently, and reach diversity goals. Eightfold's patented deep learning artificial intelligence platform is available in more than 155 countries, across 24 languages, and 20+ verticals, enabling cutting-edge enterprises to transform their talent into a competitive advantage.
Current HR systems have failed to keep up with the pace of innovation needed to support forward-leaning businesses. Today, enterprises rely on ineffective spreadsheets to plan their workforce, without a true understanding of talent and skill trends, such as a sharp rise in demand for digital skills within financial institutions. Additionally, enterprise organizations struggle to meet essential skill needs, which is often compounded by attrition. As roles grow more complex and skills evolve faster than ever, every company's success has become tied to the expertise they can build by upskilling existing talent.
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 on a global scale.
The only way to solve this at scale is by building a deep understanding of all talent: the roles and skills of every employee, candidate, contractor, and citizen, as demonstrated by Eightfold AI's unique Talent Intelligence Platform.
Powered by AI and machine learning, Eightfold AI provides a single platform, delivered on a software-as-a-service (SaaS) model, for managing the entire talent lifecycle, including hiring, retaining, and growing a diverse global workforce. The platform consolidates existing data from an organization's HCM, applicant tracking, enterprise resource, and customer management systems, augmenting it with external data sources, and employs AI to comprehend the intricacies of job roles and discern the critical success factors for each role.
Eightfold also uses AI to help eliminate bias by masking evidence of personal characteristics such as race, gender, and age.
Eightfold AI helps employers identify suitable candidates by filtering thousands of resumes and also enables companies to deploy the Eightfold platform internally to help employees discover promotions and new roles within their organization.
By analyzing anonymized data points from a range of places, including employers’ sales, customer management, and human resources as well as public sources such as patent sites and publications, the Eightfold Talent Intelligence Platform improves hiring, engagement, retention, and DE&I processes.
Eightfold AI’s suite of integrated, AI-driven talent management applications includes Talent Acquisition, Talent Management, Talent Flex, Workforce Exchange, Resource Management, and Talent Upskilling.
Talent Acquisition is a comprehensive requisition-to-hire talent acquisition solution, enabling business leaders to strategically fill talent gaps and reduce time-to-fill. This solution uses AI algorithms that empower organizations to hire for potential and automatically identifies qualified candidates using any source a company has such as applicant tracking systems, inbound resumes, alumni lists, and resume books.
Talent Management transforms and unifies talent management investments with an AI-powered, employee-centric career hub and rich insights into skills and capabilities to unlock workforce potential.
For employees, Eightfold Career Hub combines and curates internal growth opportunities to deliver real-time personalized development paths for each individual and enables equitable access to growth opportunities. These development paths feature the optimal mix of project-based experiential learning, skill-based mentor matching for social learning, course-based formal learning, and internal roles to pursue next.
For business leaders, Eightfold Talent Management delivers a real-time, unbiased view of workforce skills development and potential. Managers can understand the skills of their team and individual readiness for growth opportunities, and talent teams can build internal talent pipelines and deploy formal programs to address organizational skills and capability gaps.
Talent Flex is an AI-powered solution for HR and procurement organizations to efficiently source and manage high-quality contingent workforces. Deep Learning AI recommends contingent workers at scale based on capabilities, experiences, and potential to excel in assignments.
Workforce Exchange connects people with meaningful work and learning opportunities through an advanced job marketplace powered by AI.
Resource Management powers optimal talent-project alignment for organizations and departments dependent on project-based operations.
Talent Upskilling uses AI-backed insights to provide an understanding of the availability, maturity, relevance, learnability, and evolution of specific skills in today's competitive talent landscape.
Eightfold AI operates on a subscription-based business model, offering its AI-powered talent management platform to organizations on a recurring fee basis. Its subscription plans are tailored to meet the specific needs and scale of organizations across various industries and sizes.
In April 2023, Eightfold AI announced it is integrating recent advances in generative AI large language models to create two role-specific Talent Intelligence Copilots. Since its founding, Eightfold AI has used deep-learning AI to understand a job seeker's skills, potential, and ability to learn new skills and adapt to new situations, as well as facilitate the placement of those candidates in roles that help them fulfill their career potential. The addition of generative AI with its state-of-the-art natural language capabilities further enhances that experience.
In May 2023, Eightfold AI announced Skills-Based Talent Planning. Eightfold Talent Planning is a solution for organizations to analyze, forecast, and future-proof their workforce by assessing skills and resourcing gaps in real-time. This is an effective way to reduce the risk of costly and disruptive reorganizations and withstand unpredictable industry shifts.
In June 2023, Eightfold AI announced its Strategic Leadership position in the 2023 Fosway 9-Grid for Talent Acquisition (TA). For the second consecutive year, Eightfold AI has been recognized for its innovation in pioneering the category of AI-based Talent Intelligence Platforms.
In October 2023, Eightfold AI announced the availability of Eightfold Resource Management. This solution was purpose-built to increase service revenue and profit margins by focusing on skills, not just availability. Eightfold Resource Management leverages deep-learning AI to identify available talent with the right capabilities and experiences for all internal or external projects.
In February 2024, Eightfold AI announced its participation in a Department of Commerce initiative to support the development and deployment of trustworthy and safe AI. Established by the Department of Commerce's National Institute of Standards and Technology (NIST), the U.S. AI Safety Institute Consortium (AISIC) will bring together AI creators and users, academics, government and industry researchers, and civil society organizations to meet this mission.
Your access to private investment
Customers
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Key Investors
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Size of Market
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Market Position
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Industry
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Primary Vertical
Artificial Intelligence
Employees
500
Mosaic Score
840
Money
760
Momentum
850
Management
760
Market
960
What is a Mosaic Score?
| Name | Work History | Title | Status |
|---|---|---|---|
| John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
| John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
| John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
| John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
Last Round
Sept. 2019, Series B1
Valuation Post-Money
$400.2M
Amount Raised
$2.5M
Total Funds Raised
$75.2M
Implied Valuation
$84M
| Date | Round | Amount | Valuation | Investors |
|---|---|---|---|---|
| MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
| MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
| MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
| MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
| Company | Valued | Revenue |
|---|---|---|
|
Coinbase San Francisco, CA |
$2.8B | $1.3B |
|
Coinbase San Francisco, CA |
$2.8B | $1.3B |
|
Coinbase San Francisco, CA |
$2.8B | $1.3B |
