About Cornerstone
Cornerstone is a company based in Santa Monica (United States) founded in 1999 was acquired by Clearlake Capital Group in August 2021. It operates as a SaaS (Software-as-a-Service) and Subscription Services. Cornerstone has raised $87.95 million across 9 funding rounds from investors including LinkedIn, Bessemer Venture Partners and Silver Lake. The company has 798 employees as of April 04, 2024. Cornerstone has completed 12 acquisitions, including Capital Currencies, Clustree and Cornerstone. Cornerstone offers products and services including Cornerstone Galaxy, Cornerstone Learn, Cornerstone Elevate, and Cornerstone Transform. Cornerstone operates in a competitive market with competitors including Korn Ferry, Visier, ActiveOps, ActivTrak and Orgvue, among others.
- Headquarter Santa Monica, United States
- Employees 798 as on 04 Apr, 2024
- Stage Public
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Sectors
Technology
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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 Cornerstone Ondemand
- Date of Incorporation 26 Apr, 2010
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$22.08 M (USD)-99.88as on Mar 31, 2023
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Net Profit
$3.11 M (USD)-99.78as on Mar 31, 2023
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EBITDA
$3.54 M (USD)-99.88as on Mar 31, 2023
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Total Equity Funding
$87.95 M (USD)
in 9 rounds
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Latest Funding Round
$300 M (USD), Post-IPO
Nov 08, 2017
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Investors
LinkedIn
& 7 more
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Employee Count
798
as on Apr 04, 2024
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Investments & Acquisitions
Capital Currencies
& 11 more
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Acquired by
Clearlake Capital Group
(Aug 05, 2021)
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Products & Services of Cornerstone
Cornerstone offers a comprehensive portfolio of products and services, including Cornerstone Galaxy, Cornerstone Learn, Cornerstone Elevate, and Cornerstone Transform.
AI-powered platform for workforce agility and skills.
Learning solution to upskill and close compliance gaps.
Tool to foster career mobility and employee retention.
Platform to analyze skills and workforce intelligence needs.
People of Cornerstone
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Software Development Team
134 people
Senior Team
85 people
Sales and Marketing
81 people
Leadership Team
48 people
Customer Team
41 people
Operations Team
22 people
Principal Team
21 people
Human Resources and Administration
21 people
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Funding Insights of Cornerstone
Cornerstone has successfully raised a total of $87.95M across 9 strategic funding rounds. The most recent funding activity was a Post-IPO round of $300 million completed in November 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.
Investors in Cornerstone
Cornerstone has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include LinkedIn, Bessemer Venture Partners and Silver Lake.
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Technology investing and private equity firm focused on partnerships.
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Private equity investments are directed toward US-based companies.
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Investor details for Cornerstone
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Investments & Acquisitions by Cornerstone
Cornerstone has strategically engaged in corporate development activities, having acquired 12 companies. Notable acquisitions include Capital Currencies, Clustree and Cornerstone.
Investment portfolio details for Cornerstone
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- Portfolio identities
- Transaction dates
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Currency exchange and international transfers are facilitated online.
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Cornerstone is recognized for providing immersive learning and workforce agility solutions.
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Skills are mapped and internal resources allocated using AI-driven SaaS.
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Complete acquisition details for Cornerstone
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- Acquired stakes
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- Domains and locations
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Financial Statements - Cornerstone
Detailed financials for Cornerstone
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Cornerstone Comparisons
Peer comparison for Cornerstone
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Competitors of Cornerstone
Cornerstone 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 Korn Ferry, Visier, ActiveOps, ActivTrak and Orgvue, among others.
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Talent acquisition and consulting services are provided globally.
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Cloud-based workforce analytics and planning software is offered.
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Operations performance management is delivered for organizations.
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Workforce analytics solutions are provided for employee monitoring and productivity.
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Cloud-based solutions for workforce analytics are delivered.
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Detailed competitors of Cornerstone
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Latest news on Cornerstone
Complete news archive for Cornerstone
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Cornerstone
Cornerstone was founded in 1999 and raised its 1st funding round 8 years after it was founded.
Cornerstone is headquartered in Santa Monica, United States. It is registered at Santa Monica, California, United States.
Phil Saunders is the current CEO of Cornerstone.
Cornerstone is a funded company, having raised a total of $87.95M across 9 funding rounds to date.
As of Apr 04, 2024, the latest employee count at Cornerstone is 798.
Annual revenue of Cornerstone is $22.08M as on Mar 31, 2023.
Cornerstone is established as a leader in workforce agility platforms through its AI-driven solutions. The company offers tools like Cornerstone Galaxy, Learn, Elevate, and Transform to address skills development, compliance, employee growth, and workforce intelligence. Services are tailored for various industries including public sector, healthcare, financial services, and higher education. Solutions are designed to support learning aligned with performance, dynamic workforce planning, and leadership development. An open ecosystem ensures adaptability for future needs across diverse organizational contexts.
Cornerstone's top competitors include Korn Ferry, Visier and ActivTrak.
Cornerstone offers Cornerstone Galaxy, Cornerstone Learn, Cornerstone Elevate, and Cornerstone Transform.
Cornerstone has made 12 acquisitions, including Capital Currencies, Clustree, and Cornerstone.
Cornerstone has 8 investors. Key investors include LinkedIn, Bessemer Venture Partners, Silver Lake, Meritech Capital, and Bay Partners.