# Globality

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

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.globality.com/
- Total disclosed funding: $311M
- Latest round: Series E (Jan 19, 2021)
- Investors on record: 6

## About

Founded in 2015 in Menlo Park, US, Globality, Inc. focuses on optimizing procurement processes with advanced technology. In September 2024, Globality, Inc. raised USD 15.21 million in series D funding from Rollins Capital. The series D funding values Globality, Inc. at USD 99.35 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.

The organization plans to use the September 2024 funding to enhance its AI-powered autonomous sourcing software and support its growth initiatives.

## Funding rounds

- Series E, Jan 19, 2021, $138M — Groupe Bruxelles Lambert, Sienna Investment Managers, SB Investment Advisers
- Series D, Dec 19, 2018, $100M — SB Investment Advisers
- Series C, Mar 17, 2017, $35M — The Raine Group, THK Private Equities
- Series B, Dec 4, 2015, $27M — The Raine Group, SanDisk, THK Private Equities
- Series A, Mar 30, 2015, $10M — The Raine Group, SanDisk

## Investors

- The Raine Group (https://capitalatlas.ai/funds/the-raine-group) — Series A, Series B, Series C
- SanDisk — Series A, Series B
- THK Private Equities — Series B, Series C
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series D, Series E
- Groupe Bruxelles Lambert — Series E
- Sienna Investment Managers — Series E