About Alight
Alight is a company based in Lincolnshire (United States) founded in 2015. It operates as a SaaS (Software-as-a-Service), and Managed Services. Alight has raised $8.75 million across 2 funding rounds from investors including Caterpillar. The company has 9,500 employees as of December 31, 2024. Alight has completed 6 acquisitions, including Carlson Management Consulting, Compass Professional Health Services and Future Knowledge. Alight offers products and services including Alight Worklife, Alight LumenAI, and Health Benefits Administration. Alight operates in a competitive market with competitors including Swile, Wright Express, Businessolver, HealthEquity and Empyrean, among others.
- Headquarter Lincolnshire, United States
- Employees 9500 as on 31 Dec, 2024
- Stage Public
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Sectors
TechnologyHealthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Alight, Inc.
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Annual Revenue
$2.33 B-2.26as on Dec 31, 2024
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Net Profit
$-147 M57.39as on Dec 31, 2024
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EBITDA
$450 M14.21as on Dec 31, 2024
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Total Equity Funding
$8.75 M (USD)
in 2 rounds
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Latest Funding Round
$7.43 M (USD), Series A
Mar 30, 2017
- Investors
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Employee Count
9500
as on Dec 31, 2024
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Investments & Acquisitions
Carlson Management Consulting
& 5 more
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IPO & Listings of Alight
Alight is a publicly listed company on the NYSE with ticker symbol ALIT in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Alight
Alight offers a comprehensive portfolio of products and services, including Alight Worklife, Alight LumenAI, and Health Benefits Administration. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform for integrated employee benefits experience.
AI tool for personalized employee benefits insights.
Service for managing comprehensive employee health benefits.
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Software Development Team
126 people
Leadership Team
100 people
Sales and Marketing
46 people
Human Resources and Administration
23 people
Senior Team
20 people
Finance and Accounting
18 people
Health Team
13 people
Product Management Team
12 people
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Funding Insights of Alight
Alight has successfully raised a total of $8.75M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7.43 million completed in March 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $7.4M
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First Round
First Round
(21 Dec 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2017 | Amount | Series A - Alight | Valuation | Caterpillar |
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| Dec, 2015 | Amount | Seed - Alight | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Alight
Alight has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Caterpillar. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Construction and mining equipment, engines, and locomotives are manufactured.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Alight
Alight has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Carlson Management Consulting, Compass Professional Health Services and Future Knowledge. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Management consulting services are provided across multiple sectors.
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2010 | ||||
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Cloud-based software for absence and leave management is provided.
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2010 | ||||
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Patient advocacy services for healthcare navigation and transparency are offered.
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Alight
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Alight Comparisons
Competitors of Alight
Alight operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Swile, Wright Express, Businessolver, HealthEquity and Empyrean, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A card-linked wallet is provided for employee financial management.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based employee benefits administration solutions are delivered.
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| domain | founded_year | HQ Location |
Health benefits and savings are managed through an app-based platform.
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| domain | founded_year | HQ Location |
Employee benefits administration and AI-driven recommendations are provided for enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Alight
Frequently Asked Questions about Alight
When was Alight founded?
Alight was founded in 2015.
Where is Alight located?
Alight is headquartered in Lincolnshire, United States. It is registered at Lincolnshire, Illinois, United States.
Who is the current CEO of Alight?
Stephan Scholl is the current CEO of Alight.
Is Alight a funded company?
Alight is a funded company, having raised a total of $8.75M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.32M, raised on Dec 21, 2015.
How many employees does Alight have?
As of Dec 31, 2024, the latest employee count at Alight is 9,500.
What is the annual revenue of Alight?
Annual revenue of Alight is $2.33B as on Dec 31, 2024.
What does Alight do?
Alight is engaged in delivering employee benefits and HR solutions through its integrated platform, Alight Worklife, powered by AI technology like Alight LumenAI. Services are offered across health benefits, retirement benefits, wellbeing, and absence management. The company operates in the HR technology sector, focusing on personalized employee experiences and cost optimization for businesses. Strategic partnerships are maintained with Fortune 100 and 500 companies to enhance workforce management.
Who are the top competitors of Alight?
Alight's top competitors include Wright Express, Businessolver and HealthEquity.
What products or services does Alight offer?
Alight offers Alight Worklife, Alight LumenAI, and Health Benefits Administration.
Is Alight publicly traded?
Yes, Alight is publicly traded on NYSE under the ticker symbol ALIT.
How many acquisitions has Alight made?
Alight has made 6 acquisitions, including Carlson Management Consulting, Compass Professional Health Services, and Future Knowledge.
Who are Alight's investors?
Alight has 1 investor. Key investors include Caterpillar.
What is Alight's ticker symbol?
The ticker symbol of Alight is ALIT on NYSE.
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