About Eightfold
Eightfold is a company based in Santa Clara (United States) founded in 2016 by Varun Kacholia and Ashutosh Garg.. Eightfold has raised $396.7 million across 5 funding rounds from investors including Lightspeed Venture Partners, SoftBank Vision Fund and Foundation Capital. The company has 218 employees as of March 30, 2024. Eightfold offers products and services including Talent Intelligence Platform, Talent Acquisition, Talent Management, Workforce Exchange, and Resource Management. Eightfold operates in a competitive market with competitors including Phenom, SmartRecruiters, iCIMS, HireVue and Greenhouse, among others.
- Headquarter Santa Clara, United States
- Employees 218 as on 30 Mar, 2024
- Founders Varun Kacholia, Ashutosh Garg
- Stage Unicorn
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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 Eightfold Ai India Private Limited
- Date of Incorporation 18 Jul, 2019
- Jurisdiction Noida, Uttar Pradesh, India
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Annual Revenue
$6.95 M (USD)84.03as on Mar 31, 2022
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Net Profit
$755.41 K (USD)88.28as on Mar 31, 2022
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EBITDA
$1.18 M (USD)61.18as on Mar 31, 2022
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Total Equity Funding
$396.7 M (USD)
in 5 rounds
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Latest Funding Round
$220 M (USD), Series E
Jun 10, 2021
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Investors
Lightspeed Venture Partners
& 5 more
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Employee Count
218
as on Mar 30, 2024
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Products & Services of Eightfold
Eightfold offers a comprehensive portfolio of products and services, including Talent Intelligence Platform, Talent Acquisition, Talent Management, Workforce Exchange, and Resource Management. 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 tool for analyzing and managing talent data effectively
System for sourcing and hiring candidates efficiently
Platform for employee development and retention strategies
Service for connecting job seekers and employers quickly
Tool for assigning staff based on skills and availability
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Leadership Team
43 people
Software Development Team
41 people
Product Management Team
25 people
Human Resources and Administration
23 people
Sales and Marketing
22 people
Advisor Team
20 people
Senior Team
11 people
Creative and Marketing Team
8 people
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Funding Insights of Eightfold
Eightfold has successfully raised a total of $396.7M across 5 strategic funding rounds. The most recent funding activity was a Series E round of $220 million completed in June 2021. 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 5
- Last Round Series E — $220.0M
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First Round
First Round
(01 Sep 2017)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series E - Eightfold | Valuation | SoftBank Vision Fund | |
| Oct, 2020 | Amount | Series D - Eightfold | Valuation | General Catalyst | |
| Apr, 2019 | Amount | Series C - Eightfold | Valuation | IVP |
| 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 Eightfold
Eightfold has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Lightspeed Venture Partners, SoftBank Vision Fund and Foundation Capital. 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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Venture capital investments in technology and startups.
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Founded Year | Domain | Location | |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage fintech, enterprise, web 3, consumer, and multiple sectors
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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 Eightfold
| 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 |
Financial Statements - Eightfold
| 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 |
Eightfold Comparisons
Competitors of Eightfold
Eightfold 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 Phenom, SmartRecruiters, iCIMS, HireVue and Greenhouse, 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 |
Talent experience management platforms are provided for engagement and recruitment.
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| domain | founded_year | HQ Location |
Cloud-based ATS and hiring platform services are provided.
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| domain | founded_year | HQ Location |
Talent acquisition software is provided by iCIMS since 2000.
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| domain | founded_year | HQ Location |
A video interview platform is operated by HireVue since 2004.
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| domain | founded_year | HQ Location |
Cloud-based applicant tracking solutions are offered for candidate hiring.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Eightfold
Frequently Asked Questions about Eightfold
When was Eightfold founded?
Eightfold was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Eightfold located?
Eightfold is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Who is the current CEO of Eightfold?
Ashutosh Garg is the current CEO of Eightfold. They have also founded this company.
Is Eightfold a funded company?
Eightfold is a funded company, having raised a total of $396.7M across 5 funding rounds to date. The company's 1st funding round was a Series C of $28M, raised on Sep 01, 2017.
How many employees does Eightfold have?
As of Mar 30, 2024, the latest employee count at Eightfold is 218.
What is the annual revenue of Eightfold?
Annual revenue of Eightfold is $6.95M as on Mar 31, 2022.
What does Eightfold do?
Founded in 2016 and based in Santa Clara, United States, Eightfold operates in the AI-driven human resources sector. An integrated platform is offered to address workforce needs in enterprise and public sectors. Capabilities include talent intelligence, acquisition, management, resource allocation, and workforce exchange. Data analysis is utilized to generate insights, screen candidates, identify potential talent, and customize career development paths.
Who are the top competitors of Eightfold?
Eightfold's top competitors include Phenom, Greenhouse and iCIMS.
What products or services does Eightfold offer?
Eightfold offers Talent Intelligence Platform, Talent Acquisition, Talent Management, Workforce Exchange, and Resource Management.
Who are Eightfold's investors?
Eightfold has 6 investors. Key investors include Lightspeed Venture Partners, SoftBank Vision Fund, Foundation Capital, General Catalyst, and IVP.
What is Eightfold's valuation?
The valuation of Eightfold is $2.1B as of Jun 2021.
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