Artificial Intelligence-powered talent intelligence platform Eightfold AI on Thursday announced that it has raised a $220 million in its Series E funding round led by SoftBanks Vision Fund 2.The company has raised more than $410 million to .
Eightfold AI, a startup which uses deep learning and artificial intelligence to help companies find, recruit and retain workers, said on Thursday it has raised $220 million in a new round as it looks to accelerate its growth. Existing investors General Catalyst, Capital One Ventures, Foundation Capital, IVP and Lightspeed Venture Partners also participated in the new round, which brings the startup’s all-time raise to over $410 million.
SaaS unicorn Eightfold AI has raised $220 million in a Series E funding round, led by SoftBank Vision Fund 2. With this round, the US-headquartered company founded by IITians Ashutosh Garg and Varun Kacholia, has more than doubled its valuation since November last year to $2.1 billion. This round also saw participation from previous investors including General Catalyst, Capital One Ventures, Foundation Capital, IVP and Lightspeed Venture Partners. Total funding raised to date by Eightfold AI is more than $410 million, with $325 million coming in the last seven months. The company, headquartered in the US, would be utilising the platform to fuel growth, invest in the technology and the product. “Most importantly, we will keep enhancing our functionalities, so that we can keep solving for employment. We are also extending our platform where our partners can build on top of our platform because we don t believe we can build everything ourselves,” Garg told Business Standard, a
Formlabs sells 3D printers for making products it says can be found in operating rooms, dentist offices, and shoe stores, and it works with companies including Ashley Furniture, Google, Northwell Health, and New Balance.
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