Gloat, Startup For The Modern Workforce, Raises $90M
Gloat, the AI-powered talent marketplace platform, today announced $90 million of Series D funding.
It follows $57 million in Series C funding, announced last June, and $25 million in a Series B round in December 2019.
The company, founded in 2015 by Ben Reuveni, Amichai Schreiber and Danny Shteinberg in New York, has expanded its offices globally and established a large R&D center in Tel Aviv.
Through its Workforce Agility and Talent Marketplace systems, Gloat helps businesses break down organizational silos, and analyze employees’ skills at scale, and provides crucial insights for strategic talent decision-making.
“We’re on a mission to rethink the modern workforce, to bring startup agility to the world’s biggest enterprises,” the company says.
The Series D round was led by Generation Investment Management — with participation from Accel, Eight Roads Ventures, Intel Capital and Lumir Ventures.
“From the start, we built Gloat to help employees and businesses adapt to a new world of work,” said Ben Reuveni, CEO and co-founder of Gloat.
“The pandemic, the Great Resignation and an increasingly likely economic downturn have accelerated this shift. Now more than ever, companies need to understand their own talents skills and goals so the right people are connected to the right opportunities and enterprise needs.”
Gloat’s talent marketplace platform assists enterprises with connecting their employees with internal work and development opportunities, including projects, full-time roles and mentorships aligned to their expertise and aspirations.
Gloat has partnered with leading global enterprises including Unilever, Schneider Electric, Mastercard, Standard Chartered Bank, PepsiCo, Nestlé, Novartis, HSBC and Seagate.