Softbank, Eightfold AI, eightfold ai valuation, softbank vision fund, AI startups, Eightfold AI Funding, artificial intelligence

Mumbai: Talent management platform Eightfold AI said it has raised $220 million in a Series E funding round led by SoftBank’s Vision Fund II, boosting its valuation to around $2 billion.

The funds will be used to continue the growth and development of its AI-powered talent intelligence platform and expand its growing partner ecosystem. “Additionally, Eightfold AI will use the funds to continue expanding its India operations, investing in the most talented data scientists and engineers in the region,” it said.

Existing investors such as General Catalyst, Capital One Ventures, Foundation Capital, IVP and Lightspeed Venture Partners also participated in the round. With this the company has raised more than $410 million in total, and $350 million in just the past six months.

“Work is changing, and the workforce is evolving, forcing organisations to become future ready today. The need for personalised reskilling and upskilling programmes has become one of the most critical issues facing the global workforce today, and Eightfold AI is looking to solve this issue at a global scale,” the company said.

“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, its founder and chief executive officer.

“Powered by AI and machine learning, Eightfold’s platform provides global enterprises with a single solution for managing the entire talent lifecycle, including hiring, retaining, growing a diverse global workforce,” said Deep Nishar, senior managing partner, SoftBank Investment Advisers.


Japan travel news, japan travel guides, japan holiday destinations and japan reviews

LATEST NEWS

NEWS RELATED

Basic ethical questions of transparency and bias in AI remain unsolved, experts say

Artificial intelligence (AI) has become a powerful tool around the world, but advances in the technology have also introduced a big challenge in terms of its ethical use, experts said on Thursday at the South China Morning Post’s annual China Conference. “AI is genuinely a huge challenge to data privacy,”…

Read more: Basic ethical questions of transparency and bias in AI remain unsolved, experts say

Transparent AI stirs insurtech: Akur8 aims to grow in the UK with $30M funding

French insurtech Akur8 is revolutionising insurance pricing with transparent AI. In a recent development, the company secured $30 million (nearly £21.4 million) in a Series B funding round from BlackFin Capital Partners and MTech Capital. The investment round was closed less than two years after the P&C and health insurance…

Read more: Transparent AI stirs insurtech: Akur8 aims to grow in the UK with $30M funding

Tractable becomes UK’s first computer vision unicorn with £43M funding

Tractable is a London-based AI company that helps insurers with accident and disaster recovery. The company just announced a $60 million (nearly £43 million) in a Series D funding round led by Insight Partners and Georgian. UK’s first computer vision unicorn The investment comes after the $25 million Series C…

Read more: Tractable becomes UK’s first computer vision unicorn with £43M funding

NCS commits $10M in enterprise AI apps drive, partners with C3 AI

NCS has partnered with C3 AI to deliver artificial intelligence (AI) solutions to customers across Southeast Asia, Australia and New Zealand, backed by an investment of up to S$10 million to enhance enterprise-grade application offerings. Headquartered in the US, C3 AI goes to market as an end-to-end platform capable of…

Read more: NCS commits $10M in enterprise AI apps drive, partners with C3 AI

NCS commits $10M in enterprise AI apps drive, partners with C3 AI

Ng Kuo Pin (NCS) Credit: NCS NCS has partnered with C3 AI to deliver artificial intelligence (AI) solutions to customers across Southeast Asia, Australia and New Zealand, backed by an investment of up to S$10 million to enhance enterprise-grade application offerings. Headquartered in the US, C3 AI goes to market…

Read more: NCS commits $10M in enterprise AI apps drive, partners with C3 AI

Vishal Sikka's Vianai raises $140 million in funding from SoftBank

Vianai Systems, an artificial intelligence startup founded by former Infosys CEO Vishal Sikka, has raised $140 million in Series B funding from SoftBank Vision Fund 2 and industry luminaries, the company said in a statement on Wednesday. Vianai, which Sikka founded after his acrimonious exit from IT services giant Infosys…

Read more: Vishal Sikka's Vianai raises $140 million in funding from SoftBank

MindTickle to turn unicorn with $100 million funding from SoftBank

Bengaluru: SoftBank Vision Fund is continuing its dealmaking spree in India. After social commerce startup Meesho and banking technology platform Zeta, the technology-focussed investor is set to put another $100 million in portfolio firm MindTickle. This will make the software-as-a-service (SaaS) company a unicorn, valuing it at $1.1 billion, sources…

Read more: MindTickle to turn unicorn with $100 million funding from SoftBank

AI enters debt collection: London startup Ophelos secures £1.6M funding

Personal debt has grown exponentially all over the world. Especially, in the UK, nearly 9 million people are over-indebted, which can create a debt spiral where households borrow more to service existing debt. The COVID-19 pandemic has taken this situation to the next phase. As a result, it is estimated…

Read more: AI enters debt collection: London startup Ophelos secures £1.6M funding

SimpliContract raises $1.8 million in seed funding led by Kalaari Capital

Chinese hi-tech hub Shenzhen gears up for steady economic expansion over next five years, cementing its role as the Greater Bay Area’s ‘core engine’

Eightfold AI raises $220m led by SoftBank’s Vision Fund 2

MadStreetDen expands into new segments with its AI platform

DiGiSPICE launches new-age startup Korero Platforms to offer communication platform-as-a-service solutions

Vernacular.ai introduces Covid-19 initiatives for employees

Following London debut, enterprise-grade AI startup Cognify picks up £31M funding

How to create a digital workplace

OTHER NEWS