# Eightfold AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eightfold-ai

- Industry: Software
- Headquarters: Santa Clara, US
- Website: www.eightfold.ai
- Total disclosed funding: $402M
- Latest round: Series E (Jun 23, 2021)
- Investors on record: 7

## About

Founded in 2016 and based in California, US, Eightfold AI Inc. provides an intelligence platform for enterprises, to manage their workforce and recruit more people. The company was founded by its CEO Ashutosh Garg and CTO Varun Kacholia. In June 2021, Eightfold AI Inc. raised USD 220 million in Series E funding led by new investor SB Investment Advisers, with participation from returning investors Capital One Ventures, and as of 2021, the company has three offices across the UK, India, and the US.

Eightfold AI Inc. develops artificial intelligence-backed human resource platforms for enterprises to perform talent acquisition and management. It uses deep learning, personalization, and equal opportunity algorithms to match internal and external candidates to relevant jobs. Eightfold's Talent Intelligence Platform™ helps organizations to make decisions in their interview processes by providing actionable insights regarding their talent data and Talent Flex® helps human resources to manage their workforces efficiently by using artificial intelligence.

Eightfold AI Inc. plans to use its Series E funding to continue the growth and development of its artificial intelligence-powered talent intelligence platform and expand its India operations, by hiring data scientists and engineers in the region with plans to reach 500 employees within 2021.

## Funding rounds

- Series E, Jun 23, 2021, $222M — Institutional Venture Partners, Lightspeed Venture Partners, Foundation Capital, General Catalyst Partners, Capital One Ventures, SB Investment Advisers
- Series D, Oct 27, 2020, $133M — Institutional Venture Partners, Lightspeed Venture Partners, Foundation Capital, General Catalyst Partners, Capital One Ventures
- Series C, Apr 24, 2019, $30M — Institutional Venture Partners, Lightspeed Venture Partners, Foundation Capital
- Series B, Jan 31, 2018, $18M — Lightspeed Venture Partners, Foundation Capital, South Park Commons

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series B, Series C, Series D, Series E
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series B, Series C, Series D, Series E
- South Park Commons (https://capitalatlas.ai/funds/south-park-commons) — Series B
- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series C, Series D, Series E
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series D, Series E
- Capital One Ventures (https://capitalatlas.ai/funds/capital-one-ventures) — Series D, Series E
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series E