Globality, a Menlo Park-based startup providing an ‘AI-powered’ marketplace used by enterprises for sourcing strategic services, has raised a fresh Series E funding round of $138 million from two investors; Sienna Capital and the SoftBank Vision Fund. Sienna Capital is a subsidiary of the publicly-traded Belgian holding company Groupe Bruxelles Lambert (GBL).

Sienna Capital is a new investor in Globality whereas the SoftBank Vision Fund is a returning investor. With the new funding round, Globality has now raised a total of $310 million in venture funding.

Globality provides a marketplace used by enterprises to source strategic services. The company bills its platform as AI-powered, matching companies with strategic suppliers with the help of artificial intelligence.

Globality was founded in 2015. The company raised its first venture round of $10 million in March 2015, then $27.25 million in December that same year, $35 million in March 2017, and a $100 million round in January 2019. Now, Globality has continued its fundraising tradition with a larger $138 million round.

Joel Hyatt, Co-Founder, Chairman, and CEO of Globality. Photo credit: Globality

The valuation that came with the new round of funding isn’t known. But for a hint, the $100 million round Globality raised in January 2019 is said to have valued the company at close to $1 billion.

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