Eightfold offers an AI-driven talent intelligence platform helping enterprises and public sector organizations manage workforce planning, talent acquisition, internal mobility, and professional development. Its deep-learning models analyze millions of career trajectories to recommend skill matches, flag high-potential candidates, and personalize growth pathways. Businesses use Eightfold to reduce hiring friction, improve retention, and build skills-based workforces.
What Is Eightfold and What Does It Do?
Eightfold, founded in 2016 by Ashutosh Garg and Varun Kacholia, is a Santa Clara-based (United States) AI-native HRTech company.
Eightfold employs 283 people andprovides talent acquisition, talent management, resource management, and workforce exchange capabilities, using deep-learning models to analyze billions of data points. Eightfold helps enterprises identify the right candidates, predict role fit, support internal mobility, and offer personalized upskilling paths enabling organizations to build future-ready workforces.
How Much Funding Has Eightfold Raised?
- Series E • Amount Raised: $220M • Date: June 2021 • Lead Investors: SoftBank Vision Fund, General Catalyst, Foundation Capital, IVP, Lightspeed Venture Partners, Capital One Ventures • Motivation: To expand global AI talent intelligence capabilities and strengthen product R&D.
- Series D • Amount Raised: $125M • Date: October 2020 • Lead Investors: General Catalyst, Foundation Capital, Lightspeed Venture Partners, IVP, Capital One Ventures • Motivation: To scale enterprise adoption and enhance AI models for workforce planning.
- Series C • Amount Raised: $28M• Date: April 2019 • Lead Investors: IVP, Foundation Capital, Lightspeed Venture Partners • Motivation: To expand product offerings and accelerate customer acquisition.
Total Funding Raised: $410 Million
Current Valuation: $2.1 Billion (as of June 2021)
Latest Funding Date: June 2021
Key Investors
- IVP • Details: US-based growth-stage venture capital firm backing top enterprise tech companies. • Investment Focus Areas: SaaS, AI, data platforms. • Notable Investments: Slack, Dropbox, Eightfold.
- TriplePoint Capital • Details: Venture debt and growth financing firm supporting emerging tech leaders. • Investment Focus Areas: AI, fintech, enterprise tech. • Notable Investments: Eightfold, Airbnb, Square.
- SoftBank Vision Fund (Round Participant) • Details: One of the world’s largest tech-focused investment funds. • Investment Focus Areas: AI, automation, enterprise software. • Notable Investments: Uber, DoorDash, Eightfold.
Where Is Eightfold’s Headquarters?
Eightfold is headquartered in Santa Clara, California, at the heart of Silicon Valley. Its location gives it access to advanced AI research talent, enterprise clients, and a global innovation network that accelerates adoption of its talent intelligence platform.
What’s Next for Eightfold?
Eightfold is expected to expand further into public-sector workforce transformation, enhance skills-based hiring, and roll out AI copilots for HR teams. As enterprises shift toward AI-powered workforce planning, Eightfold aims to become the global standard for talent intelligence though regulatory scrutiny around AI, data privacy, and bias mitigation will be key challenges.
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