Eightfold AI Scores $125M Round

  • General
  • October 27, 2020
  • 74
  • 3 minutes read

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.

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