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Eightfold AI: AI-powered talent intelligence platform for enterprise HR and recruiting, focused on talent acquisition and employee career development.
Eightfold AI has raised $396.0M across 4 funding rounds.
Key people at Eightfold AI.
Eightfold AI has raised $396.0M in total across 4 funding rounds.
Based in Sunnyvale, California, Eightfold AI provides an artificial intelligence-powered talent intelligence platform that helps enterprise human resources departments identify, match, and nurture job candidates and existing employees. The software-as-a-service platform aggregates candidate and employee information from internal applicant tracking systems and external data sources to create comprehensive records for talent acquisition and career matching functions. The human resources technology company has raised more than $400 million in total funding, including a $220 million financing round in 2021 that brought its post-money valuation to $2.1 billion. Backed by prominent lead investors such as Lightspeed Venture Partners and SoftBank, the enterprise software provider previously scaled its annual recurring revenue from $1 million to $12 million within a two-year period. Eightfold AI was established in 2016 by co-founders Ashutosh Garg, who previously founded the unicorn startup BloomReach, and Varun Kacholia.
Key people at Eightfold AI.
Eightfold AI has raised $396.0M in total across 4 funding rounds.
Eightfold AI's investors include SoftBank Vision Fund 2, C4 Ventures, Cathay Innovation, DFJ, f7 Ventures, General Catalyst, Gradient Ventures, Kapor Capital, Jeff Immelt, Sommet AB, SOSV, Streamlined Ventures.
Eightfold AI is a technology company that builds the industry's first AI-powered Talent Intelligence Platform, designed to transform how organizations hire, develop, retain, and grow diverse workforces while enabling individuals to find the right career worldwide[1][2][4][6]. It serves enterprises, governments, and social service organizations by addressing talent management challenges through AI that analyzes skills, predicts career paths, and matches people to opportunities across over 110 countries, powering millions of jobs with models understanding more than one million unique roles and skills in multiple languages[1][2]. The platform solves core problems like biased hiring based on networks rather than potential, workforce upskilling, and retention, with strong growth momentum evidenced by global expansion (teams in the US, Europe, and India), recognition in 2025 Forbes lists for generative AI in HR, and integrations like SAP partnerships[3][4][7].
Eightfold AI was co-founded by Ashutosh Garg, who serves as Co-CEO and brings expertise in AI from prior roles, driven by a vision to solve employment challenges in society by shifting from network-based connections to data-driven potential matching[1][3][5]. The idea emerged from recognizing that traditional talent systems overlooked skills and capabilities, leading to the development of an AI platform using hundreds of terabytes of data; founded around this mission, it gained early traction by becoming a pioneer in talent intelligence, deploying AI for hiring, development, and retention[1][2]. Pivotal moments include building responsible AI practices with an ethics council and expanding to support public agencies for reemployment, solidifying its role in workforce transformation[2][3].
Eightfold rides the AI-for-good wave in HR tech, capitalizing on generative AI adoption (38% of HR leaders piloting by 2025) amid labor shortages, remote work shifts, and demands for diverse, skilled workforces[4]. Timing is ideal as AI matures for enterprise-scale talent ops, countering market forces like skills gaps and high turnover with predictive intelligence that unlocks "hidden talent" beyond resumes[1][6]. It influences the ecosystem by pioneering responsible AI standards, partnering with giants like SAP, and enabling governments to scale reemployment—accelerating workforce transformation and positioning HR as an AI frontrunner[2][3][7].
Eightfold is poised to dominate agentic HR with its Talent Intelligence Platform, expanding into full workforce orchestration as AI agents handle routine tasks and humans focus on strategy[6]. Trends like multimodal AI, global upskilling mandates, and ethical regulations will propel it, potentially integrating deeper with ERP systems and public policy tools for broader societal impact[2][4]. Its influence could evolve from HR innovator to essential infrastructure for the "right career for everyone," scaling human potential in an AI-driven economy—echoing its founding vision to radically transform talent management[1][5].
Eightfold AI has raised $396.0M across 4 funding rounds. Most recently, it raised $220.0M Series E in June 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2021 | $220.0M Series E | SoftBank Vision Fund 2 | C4 Ventures, Cathay Innovation, DFJ, f7 Ventures, General Catalyst, Gradient Ventures, Kapor Capital, Jeff Immelt, Sommet AB, SOSV, Streamlined Ventures, Webtalk Ltd, Adrian Aoun, Charlie Songhurst, Joi Ito, Capital One Ventures, Foundation Capital, IVP, Lightspeed Venture Partners |
| Oct 1, 2020 | $130.0M Series D | General Catalyst | Cathay Innovation, Gradient Ventures, Sommet AB, Streamlined Ventures, Adrian Aoun, Capital One Ventures, Foundation Capital, IVP, Lightspeed Venture Partners |
| Jun 1, 2019 | $28.0M Series C | Foundation Capital, Lightspeed Venture Partners | Operator Stack |
| Apr 1, 2018 | $18.0M Series B | Foundation Capital, Peter Nieh | Array Ventures, Comal Ventures, South Park Commons, UpHonest Capital, Evan Cheng |