About Cornerstone
Cornerstone is a company based in Dublin (United States) founded in 1997 by Patrick R Bischoff was acquired by BestAtDigital in October 2020. It operates as a SaaS (Software-as-a-Service), and Subscription Services. The company has 199 employees as of April 05, 2024. Cornerstone has completed 3 acquisitions, including Centra eCommerce, Halogen Software and Lumesse. Cornerstone offers products and services including Cornerstone Galaxy, Cornerstone Learn, Cornerstone Elevate, and Cornerstone Transform. Cornerstone operates in a competitive market with competitors including Workday, Kronos, SuccessFactors, Justworks and Sage Group, among others.
- Headquarter Dublin, United States
- Employees 199 as on 05 Apr, 2024
- Founders Patrick R Bischoff
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cornerstone Ondemand
- Date of Incorporation 21 Jan, 1999
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$11.59 M (USD)21.11as on Mar 31, 2022
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Net Profit
$1.09 M (USD)36.68as on Mar 31, 2022
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EBITDA
$2.04 M (USD)25.61as on Mar 31, 2022
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Latest Funding Round
$8.78 M (USD), Post-IPO
Aug 01, 2004
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Investors
Cornerstone
& 3 more
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Employee Count
199
as on Apr 05, 2024
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Investments & Acquisitions
Centra eCommerce
& 2 more
- Acquired by
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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. 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.
AI-powered platform for workforce agility and skills development.
Learning solution to upskill people and close gaps.
Tool to foster career mobility and employee growth.
Platform to gain visibility into workforce skills needs.
Unlock access to complete
Funding Insights of Cornerstone
- Total Funding Total Funding
- Total Rounds 3
- Last Round Post-IPO — $8.8M
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First Round
First Round
(02 Oct 2002)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2004 | Amount | Post-IPO - Cornerstone | Valuation |
investors |
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| Oct, 2002 | Amount | Debt – Conventional - Cornerstone | Valuation |
investors |
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| Oct, 2002 | Amount | Post-IPO - Cornerstone | Valuation |
investors |
| 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 Cornerstone
Cornerstone has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Cornerstone, Vector Capital and BestAtDigital. 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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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Investments in technology companies are facilitated through private equity.
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Founded Year | Domain | Location | |
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Cloud-based HRMS platform powered by AI for workforce management.
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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 Cornerstone
Cornerstone has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Centra eCommerce, Halogen Software and Lumesse. 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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Performance and talent management solutions are automated via web-based tools.
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2001 | ||||
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Talent management solutions are provided for the full employment lifecycle.
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1999 | ||||
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E-commerce software is provided for B2B and B2C merchants.
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1903 |
| 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 - Cornerstone
| 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 |
Cornerstone Comparisons
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 Workday, Kronos, SuccessFactors, Justworks and Sage Group, 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 |
Cloud-based HR and financial software is delivered to enterprises.
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| domain | founded_year | HQ Location |
HCM software solutions for enterprise workforce management are provided.
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| domain | founded_year | HQ Location |
Cloud-based human capital management software is delivered globally.
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| domain | founded_year | HQ Location |
Benefits administration and payroll management are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payroll solutions for small and medium businesses
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| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
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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 Cornerstone
Frequently Asked Questions about Cornerstone
When was Cornerstone founded?
Cornerstone was founded in 1997 and raised its 1st funding round 5 years after it was founded.
Where is Cornerstone located?
Cornerstone is headquartered in Dublin, United States.
How many employees does Cornerstone have?
As of Apr 05, 2024, the latest employee count at Cornerstone is 199.
What is the annual revenue of Cornerstone?
Annual revenue of Cornerstone is $11.59M as on Mar 31, 2022.
What does Cornerstone do?
Cornerstone is engaged in delivering AI-driven human capital management solutions through its Galaxy platform. The company focuses on workforce agility by offering tools for learning, talent development, and skills intelligence. Solutions are tailored for various industries including public sector, healthcare, financial services, and higher education. Products like Cornerstone Learn, Elevate, and Transform are designed to close compliance gaps, foster career mobility, and provide visibility into workforce skills. Services are extended to small and mid-sized businesses as well as large enterprises, ensuring adaptability and growth across diverse work environments.
Who are the top competitors of Cornerstone?
Cornerstone's top competitors include Workday, SuccessFactors and Sage Group.
What products or services does Cornerstone offer?
Cornerstone offers Cornerstone Galaxy, Cornerstone Learn, Cornerstone Elevate, and Cornerstone Transform.
How many acquisitions has Cornerstone made?
Cornerstone has made 3 acquisitions, including Centra eCommerce, Halogen Software, and Lumesse.
Who are Cornerstone's investors?
Cornerstone has 4 investors. Key investors include Cornerstone, Vector Capital, BestAtDigital, and Sequoia Capital.
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