AI-powered Talent Intelligence Platform Eightfold AI secured $125M in Funding

Eightfold AI, a CA-based AI-powered talent intelligence platform provider, has now secured $125 million in a Series D funding round.

Eightfold AI is founded by Ashutosh Garg in the year 2016. It offers an AI-powered talent intelligence platform for managing the entire talent lifecycle. The system uses the deep learning AI on existing public and legacy HCM data to allow companies to acquire, develop, and advance talent and achieve the D&I goals.

The company as of now works with clients across 17 industries and 110 countries. Its clientele includes Capital One, Bayer, Micron, and AirAsia.

Ashutosh Garg, Founder & CEO at Eightfold, said, "Our mission is to leverage our expertise in AI to provide the right career for everyone in the world. 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."

Quentin Clark, Managing Director at General Catalyst, said, "Eightfold has built a true intelligence-driven platform for talent acquisition and optimization for the enterprise. What's been most impressive is their approach to partnering with companies to fundamentally understand their needs and then applying tech against those needs to create a scalable, efficient approach to talent management. Theirs is an industry-agnostic approach that has the potential to rapidly evolve how companies meet and retain their best people."

The round was backed by General Catalyst. Other participating investors include Lightspeed Venture Partners, IVP, Capital One Ventures, and Foundation Capital.

The company has secured more than $180 million and is being valued at $1 billion.

It as of now has plans to use the new funds to expand and scale its platform.