Globality provides an AI-driven global sourcing and procurement platform designed to help large enterprises automate and optimize their supplier selection and spend management processes. The platform enables multinational corporations to match with high-quality small and midsize service providers across consulting, marketing, legal, and procurement categories.
It delivers autonomous sourcing, guided buying, collaboration tools, and end-to-end project management capabilities powered by generative AI.
What Is Globality and What Does It Do?
Globality, founded in 2015 by Joel Hyatt and Lior Delgo, is headquartered in Palo Alto, United States. The company provides an AI-powered sourcing and spend management platform that helps enterprises find, evaluate, and engage small and midsize service providers globally.
Its platform utilizes generative AI to automate sourcing workflows, reduce procurement cycle times, and lower supplier selection costs by enabling autonomous intake, scoping, supplier matching, and negotiation.
Globality employs 171 people, enabling organizations to modernize sourcing operations across consulting, legal, marketing, operations, and procurement services.
How Much Funding Has Globality Raised?
1. Series A
- Amount Raised: $10M
- Date: September 2015
- Motivation: To establish foundational operations and develop the initial product.
2. Series B
- Amount Raised: $27.3M
- Date: April 2016
- Motivation: To expand the team and accelerate product development.
3. Series C
- Amount Raised: $35M
- Date: November 2017
- Motivation: To scale operations and strengthen AI capabilities.
4. Series D
- Amount Raised: $100M
- Date: January 2019
- Lead Investors: SoftBank Vision Fund
- Motivation: To expand global reach and advance AI-driven procurement solutions.
5. Series E
- Amount Raised: $138.3M
- Date: January 2021
- Lead Investors: Sienna Capital, SoftBank Vision Fund
- Motivation: To enhance product offerings and support international expansion.
6. Venture Round
- Amount Raised: $47M
- Date: October 2024
- Lead Investors: Rollins Capital
- Motivation: To accelerate the growth of its autonomous sourcing software.
Total Funding Raised: $368 Million
Current Valuation: $1 Billion (as of January 2019)
Latest Funding Date: October 2024
Key Investors
1. Sienna Capital
- Details: Global investment platform under Groupe Bruxelles Lambert supporting long-term value creation.
- Investment Focus Areas: Private equity, alternative assets, global growth companies.
- Notable Investments: Globality, Avanti.
2. SoftBank Vision Fund
- Details: One of the world’s largest tech investment funds focused on transformative AI and deep-tech companies.
- Investment Focus Areas: AI, robotics, mobility, enterprise tech.
- Notable Investments: Uber, WeWork, ARM.
Where Is Globality’s Headquarters?
Globality is headquartered in Palo Alto, California, benefiting from access to Silicon Valley’s AI ecosystem, top-tier engineering talent, and enterprise technology innovation clusters.
What’s Next for Globality?
Globality aims to expand its autonomous sourcing AI across more Fortune 500 enterprises, capitalizing on the rising demand for automated procurement. With its latest $47M funding, the company plans to enhance generative AI capabilities, strengthen partner ecosystems, and scale globally. As procurement continues shifting toward intelligent automation, Globality is positioned to lead the transformation with cost efficiency, more innovative supplier matching, and faster sourcing cycles.
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