- General
- October 27, 2020
- 3 minutes read
Eightfold AI Scores $125M Round
Eightfold AI, a Mountain View, California-based startup that develops recruiting software, has raised $125 million in Series D funding that places…
Eightfold AI, a Mountain View, California-based startup that develops recruiting software, has raised $125 million in Series D funding that places its valuation at $1 billion. The new funding was led by venture capital firm General Catalyst, with participation from existing investors IVP, Lightspeed Venture Partners, Foundation Capital, and Capital One Ventures.
Eightfold’s new fundraise follows a business surge that happened during the coronavirus pandemic, wherein the company says that it’s more than quadrupled its sales since its last funding round in April 2019.
Eightfold is a recruiting and talent management platform that’s used by enterprises to vet and hire employees. The company was founded in 2016 by the duo of Ashutosh Garg, a Google and IBM Veteran, and Varun Kacholia, a Google and Facebook veteran.
Eightfold can be best-described as an intelligence service for recruiters. The Mountain View-based company has scored dozens of enterprise customers including well known names like Nutanix, Twilio, Hulu, DigitalOcean, and UiPath.
With the new funding, Eightfold has now raised over $170 million in equity financing since its inception.