Globality
Latest round
- Series E
Last raised
- Jan 2021
Total raised
- $311M
Investors
- 6
About Globality
Founded in 2015 in Menlo Park, US, Globality, Inc. focuses on optimizing procurement processes with advanced technology. In September 2024, Globality, Inc.35 million post-money. Joel Hyatt and Lior Delgo are the founders, both of whom bring significant experience in the tech space. Globality specializes in transforming the procurement process through advanced artificial intelligence and automation. Their core product offerings center around facilitating effective competition in sourcing and enhancing visibility into all organizational spend. The platform incorporates end-to-end AI-mandated guardrails that enable companies to better manage their procurement activities, significantly reducing costs and inefficiencies associated with traditional sourcing methods. Globality serves a diverse client base, including large enterprises across various sectors such as manufacturing, technology, and professional services, focused on achieving greater operational efficiency and unlocking growth. The company operates in key geographical markets including North America and Europe, where they address the increasingly complex needs of modern procurement practices. Globality's revenue model is primarily based on a subscription framework wherein clients pay for access to the platform's suite of AI-driven procurement tools. Clients engage in annual or multi-year contracts that provide them with comprehensive sourcing capabilities, along with the assurance of guaranteed savings. The company’s flagship offerings include autonomous sourcing solutions designed to deliver significant cost reductions, evidenced by claims of achieving 15x returns on the first-year license fee. Transactions typically occur on a B2B basis, with enterprises directly utilizing the platform to manage both large-scale contracts and smaller, unmanaged tail spend. This structured approach to revenue generation aligns with Globality's goals of enhancing productivity and compliance for their customers while promoting their advanced procurement capabilities.
Who invested in Globality
6 investors across 5 rounds
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Questions about Globality
Who invested in Globality?
Globality has 6 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Globality raised?
Globality has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Globality last raise money?
Globality's most recent round on record is a Series E, in Jan 2021.
What does Globality do?
Founded in 2015 in Menlo Park, US, Globality, Inc.
Where is Globality headquartered?
Globality is headquartered in Palo Alto, US.
Which VCs invest in companies like Globality?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Globality's stage. Their profiles are linked below.
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