# Gloat

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

- Industry: Software
- Headquarters: New York, US
- Website: www.gloat.com
- Total disclosed funding: $182M
- Latest round: Series D (Jun 28, 2022)
- Investors on record: 9

## About

Gloat Inc. operates a platform that enhances organizational agility by orchestrating skills and work technology, thereby transforming workforce management through innovative solutions for talent and skills optimization.Gloat Inc., founded in 2015, is headquartered in New York, US. The company specializes in workforce management solutions. Gloat was co-founded by Amichai Schreiber, Ben Reuveni, and Danny Shteinberg, with Ben Reuveni currently serving as CEO. Gloat has raised a total amount of USD 90.00 mn across several funding rounds, with its most recent financing being a Series D round of USD 90.00 mn, led by Generation Investment Management on June 28, 2022, which included participation from other notable investors such as Accel, Eight Roads Ventures, Intel Capital, and Lumir Ventures.Gloat offers the Gloat Agile Workforce Operating System, which enhances organizational agility through skill orchestration and technology integration. Its primary offerings include the Skills Foundation for building a skills-based framework, the Talent Marketplace for activating talent quickly, and the Workforce Graph utilizing deep-learning AI for mapping work relationships. These solutions address talent acquisition, skill gap mitigation, and employee development, serving a diverse clientele that includes global enterprises like Mastercard, Novartis, and HSBC across North America, Europe, and Asia-Pacific.Gloat operates on a subscription-based revenue model, providing access to its workforce platform for a recurring fee. Clients subscribe to Gloat's Agile Workforce OS to manage talent, plan their workforce, and develop skills, with pricing tailored to fit various organizational sizes and needs. Key offerings like the Talent Marketplace and Skills Foundation are fundamental to its business model, promoting internal mobility and employee engagement. The company has been recognized for its revenue growth, appearing on Deloitte's list for fiscal year revenue growth.Following its Series D funding round in June 2022, where Gloat raised USD 90.00 mn, the company plans to utilize this capital to expand its team and enhance innovation within its offerings. Gloat aims to introduce new products focused on advanced workforce solutions and is targeting expansion into the European and Asia-Pacific markets by late 2023. This strategic growth will support the company in scaling operations and enhancing its product lineup to meet evolving client needs.

## Funding rounds

- Series D, Jun 28, 2022, $90M — Accel, Intel Capital, Eight Roads Ventures, Generation Investment Management, Lumir Ventures
- Series C, Jun 16, 2021, $57M — Accel, Intel Capital, Eight Roads Ventures, Magma Venture Partners, PICO Venture Partners
- Series B, Dec 17, 2019, $25M — Intel Capital, Magma Venture Partners, Eight Roads Ventures, PICO Venture Partners, La Maison Partners
- Series A, Jun 6, 2017, $8M — Magma Venture Partners, PICO Venture Partners
- Seed, Jun 1, 2015, $1.6M — Magma Venture Partners, Wellborn Ventures

## Investors

- Magma Venture Partners (https://capitalatlas.ai/funds/magma-venture-partners) — Seed, Series A, Series B, Series C
- Wellborn Ventures — Seed
- PICO Venture Partners (https://capitalatlas.ai/funds/pico-venture-partners) — Series A, Series B, Series C
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B, Series C, Series D
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series B, Series C, Series D
- La Maison Partners (https://capitalatlas.ai/funds/la-maison-partners) — Series B
- Accel (https://capitalatlas.ai/funds/accel) — Series C, Series D
- Generation Investment Management (https://capitalatlas.ai/funds/generation-investment-management) — Series D
- Lumir Ventures (https://capitalatlas.ai/funds/lumir-ventures) — Series D