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- Eightfold AI
Eightfold AI Revenue, Valuation, Funding & Investors
Eightfold AI is valued at $2.1B as of June 2021.
Last Eightfold AI valuation
$2.1B
Series E · Jun 2021
Last Eightfold AI funding round
$220M
Series E · Jun 2021
Eightfold AI revenue
$12M
Series E · Jun 2021
Key investors in Eightfold AI
Lightspeed Venture Partners
Foundation Capital
IVP
General Catalyst
Capital One Ventures
SoftBank Group
About Eightfold AI
Eightfold AI is a Mountain View-headquartered developer of a talent intelligence platform that leverages deep learning to match candidates to roles and optimize workforce planning. Founded in 2016, the platform analyzes skills from resumes, job histories, and behavioral data to reduce hiring time by up to 70 percent for enterprise clients. Eightfold AI serves Fortune 500 companies including Tata, Bayer, and Unilever, enabling internal mobility and diversity initiatives across global operations in over 100 countries.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$12M (Jun 2021)
Valuation
$2.1B (Jun 2021)
Eightfold AI Valuation
Eightfold AI is currently valued at $2.1B, based on its Series E in June 2021.
The $220M round was led by SoftBank Group, with participation from General Catalyst, IVP, Capital One Ventures, Lightspeed Venture Partners and Foundation Capital.
Eightfold AI's valuation has grown 2.1x from $1B at its Series D in October 2020 to $2.1B in June 2021, across 2 priced rounds.
Eightfold AI valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2021 | Series E | $2.1B | 175.0x |
| Oct 2020 | Series D | $1B | 10.3x |
Eightfold AI Revenue
Eightfold AI's latest recorded revenue is $12M, as of its Series E in June 2021.
Revenue moved from $97M in October 2020 to $12M in June 2021.
Eightfold AI revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2021 | $12M | $2.1B | 175.0x | Series E |
| Oct 2020 | $97M | $1B | 10.3x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Eightfold AI Funding History
Eightfold AI has raised a total of $397M across 5 funding rounds.
Eightfold AI's first fundraising round was a $6M Series A in September 2016. The most recent completed round was a $220M Series E in June 2021.
Eightfold AI funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2021 | Series E | SoftBank Group (lead); General Catalyst; IVP; Capital One Ventures; Lightspeed Venture Partners; Foundation Capital | $220M | $2.1B | Eightfold AI, a Mountain View-based startup founded five years prior, develops an AI-powered talent intelligence platform using deep learning to assist enterprises in talent acquisition, retention, and management throughout the employee lifecycle, including reducing hiring biases, resume filtering, upskilling, and reskilling programs. The platform serves global clients like Bayer, Booking.com, and Hulu, and partners with entities such as the state of Indiana for unemployment applicants and U.S. veterans for skill-matched job opportunities. On June 10, 2021, Eightfold AI raised $220 million in a Series E funding round led by SoftBank Vision Fund 2, with participation from existing investors General Catalyst, Capital One Ventures, Foundation Capital, IVP, and Lightspeed Venture Partners. This brought total funding to over $410 million, with more than $350 million raised in the prior several months. The valuation reached $2.1 billion post-money, doubling from $1 billion in the October 2020 Series D round, as confirmed by CEO Ashutosh Garg. Proceeds from the round are earmarked for accelerating platform growth and development, expanding the partner ecosystem, hiring data scientists and engineers—particularly in India—and supporting global operations to address evolving workforce needs amid post-pandemic shifts in skills demand and job markets. SoftBank's Deep Nishar highlighted the platform's role in transforming enterprise talent management. This funding underscores Eightfold's rapid momentum, positioning it as a unicorn in the HR tech space focused on AI-driven solutions for future-ready organizations facing personalized reskilling challenges. |
| Oct 2020 | Series D | General Catalyst (lead); IVP; Capital One Ventures; Lightspeed Venture Partners; Foundation Capital | $125M | $1B | Eightfold AI, an AI-powered Talent Intelligence Platform, announced a $125 million Series D funding round on October 27, 2020, led by General Catalyst with participation from Capital One Ventures, Foundation Capital, IVP, and Lightspeed Venture Partners. The round brought total funding to over $180 million and valued the company at $1 billion, marking its unicorn status. Funds were allocated to expand and scale the platform, which manages the entire talent lifecycle using deep learning AI on anonymized data for recruitment, development, and diversity goals, serving customers in 110 countries, 17 industries, and 13 languages. The platform contrasts with fragmented point solutions by offering a unified approach to talent acquisition and optimization. Since the prior April 2019 round, Eightfold quadrupled its sales, though exact revenue figures were not disclosed. Key customers included AirAsia, Bayer, Capital One, and Micron, highlighting adoption among enterprises embracing global talent transformation. General Catalyst's Managing Director Quentin Clark praised Eightfold's intelligence-driven platform for understanding enterprise needs and applying scalable technology. This round positioned Eightfold for accelerated growth amid evolving workforce demands. Subsequent developments included a Series E round in June 2021 led by SoftBank Vision Fund 2, raising $220 million at a $2.1 billion valuation, doubling from Series D and bringing total funding over $410 million. |
| Apr 2019 | Series C | IVP (lead); TriplePoint Ventures; Lightspeed Venture Partners; Foundation Capital | $28M | - | Eightfold AI raised $28 million in Series C funding in April 2019, led by IVP with participation from Foundation Capital and Lightspeed Venture Partners. The company's AI-powered Talent Intelligence Platform helps enterprises acquire, develop, and advance talent using deep learning and data-driven insights. At the time of the Series C round, Eightfold was a five-year-old startup that had gained traction with customers across multiple industries. The company would achieve unicorn status approximately 18 months later in October 2020 when it raised $125 million in Series D at a $1 billion valuation. By June 2021, just six months after Series D, Eightfold doubled its valuation to $2.1 billion in a $220 million Series E round led by SoftBank Vision Fund 2, with cumulative funding reaching over $410 million. |
| Apr 2018 | Series B | Foundation Capital (lead); Lightspeed Venture Partners (lead); South Park Commons | $18M | - | Eightfold AI announced its Series B funding round on April 17, 2018, closing $18 million in financing led by Foundation Capital and Lightspeed Venture Partners. The round brought total funding to $24 million as the company emerged from stealth mode with its first deep learning Talent Intelligence Platform designed to address labor market inefficiencies through AI-powered matching and workforce analytics. At the time of the announcement, Eightfold had attracted over 100 customers from Fortune 500 companies and fast-growing technology firms including Heidrick & Struggles, AdRoll Group, and DigitalOcean. The platform had processed over 20 million job applications and demonstrated strong operational metrics, helping customers increase response rates by 700 percent compared to industry average while reducing screening costs and time by 90 percent. The Series B funds were deployed to scale the enterprise sales organization, enhance AI capabilities, and expand the customer base as the company positioned itself as a next-generation HR platform rather than a point product. |
| Sep 2016 | Series A | Lightspeed Venture Partners | $6M | - | - |
Who has invested in Eightfold AI?
8 investors have backed Eightfold AI across its funding rounds, including Lightspeed Venture Partners, Foundation Capital, IVP, General Catalyst, Capital One Ventures and SoftBank Group.
Lead investors include SoftBank Group, General Catalyst, IVP, Foundation Capital and Lightspeed Venture Partners.
Eightfold AI Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Sep 2016 | ||
| 4 | Lead | Apr 2018 | ||
| 3 | Lead | Apr 2019 | ||
| 2 | Lead | Oct 2020 | ||
| 2 | Participant | Oct 2020 | ||
| 1 | Lead | Jun 2021 | ||
This data is available for Pro users. Sign up to see all 8 Eightfold AI investors. Start Free Trial | ||||
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Start Free TrialEightfold AI Competitors
Eightfold AI competitors include listed companies like SAP, Workday and Hilan, and private ones like BetterUp, PayFit and Factorial.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $42B | $13B | $248B | 5.4x | ||
| Publicly listed | $9.6B | $1.2B | $48B | 4.7x | ||
| Private | $100M | - | $4.7B | 47.0x | ||
| Private | $74M | - | $2.1B | 28.3x | ||
| Publicly listed | $993M | $154M | $1.8B | - | ||
| Private | $100M | - | $2.5B | - |
Eightfold AI Public Comps
Eightfold AI is still privately-owned, but its public comps include Hilan, ATOSS Software, Intsig Information, SoundHound, Shenzhen Ysstech Info, Freee, BigBear.ai, Fractal Analytics, Liftoff Mobile and ZoomInfo.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $993M | $154M | 1.8x | - | 11.9x | - | |||
| $218M | $84M | 7.0x | 6.4x | 18.2x | 17.1x | |||
| $270M | $83M | 7.8x | 6.6x | 25.2x | 23.6x | |||
| $169M | $19M | 14.6x | 11.3x | 132.5x | (35.5x) | |||
| $205M | $4M | 7.2x | - | 378.8x | - | |||
| $214M | $6M | 6.3x | 4.8x | 237.7x | 65.4x | |||
| $128M | ($295M) | 8.3x | 7.6x | (3.6x) | (27.8x) | |||
| $344M | $50M | 3.7x | 3.4x | 25.8x | 21.0x | |||
This data is available for Pro users. Sign up to see all Eightfold AI competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Eightfold AI
| When was Eightfold AI founded? | Eightfold AI was founded in 2016. |
| Where is Eightfold AI headquartered? | Eightfold AI is headquartered in San Jose, CA, United States. |
| Is Eightfold AI publicly listed? | No, Eightfold AI is a private, VC-backed company. |
| What is Eightfold AI's valuation? | Eightfold AI was last valued at $2.1B in its Series E in June 2021. |
| How much funding has Eightfold AI raised? | Eightfold AI has raised $397M across 5 funding rounds. |
| What was Eightfold AI's last funding round? | Eightfold AI's last funding round was a $220M Series E in June 2021, led by SoftBank Group. |
| Who are Eightfold AI's investors? | Eightfold AI's investors include Lightspeed Venture Partners, Foundation Capital, IVP, General Catalyst, Capital One Ventures, SoftBank Group, TriplePoint Ventures and South Park Commons. |
| What is Eightfold AI's revenue? | Eightfold AI's latest recorded revenue is $12M (June 2021). |
| Which companies are comparable to Eightfold AI? | Companies comparable to Eightfold AI include SAP, Workday, BetterUp, PayFit, Hilan and Factorial. |
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