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- Globality
Globality Valuation, Funding & Investors
Globality is valued at $900M as of January 2019.
Last Globality valuation
$900M
Series D · Jan 2019
Last Globality funding round
$47M
Undisclosed stage · Oct 2024
Cumulative funding Globality raised
$358M
across 6 funding rounds
Key investors in Globality
Al Gore
John R. Joyce
Raine Ventures
SoftBank Group
SanDisk
Ron Johnson
About Globality
Globality is a Redwood City-headquartered AI sourcing platform that matches enterprises with suppliers across service categories, reducing procurement time from months to hours and achieving 20 percent cost savings through automated need scoping and supplier matching.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$900M (Jan 2019)
Globality Valuation
Globality is currently valued at $900M, based on its Series D in January 2019.
The $100M round was led by SoftBank Group.
Globality's valuation has grown 13x from $71M at its Series A in September 2015 to $900M in January 2019, across 2 priced rounds.
Globality valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2019 | Series D | $900M |
| Sep 2015 | Series A | $71M |
Globality Funding History
Globality has raised a total of $358M across 6 funding rounds.
Globality's first fundraising round was a $10M Series A in September 2015. The most recent completed round was a $47M undisclosed-stage round in October 2024.
Globality funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2024 | Undisclosed stage | Rollins Capital | $47M | - | Globality, a Palo Alto-based AI-driven sourcing and procurement platform founded in 2015 by Joel Hyatt and Lior Delgo, raised $47 million in Series D-1 and D-2 preferred stock offerings on October 22, 2024, backed by existing shareholders and new investor Rollins Capital, bringing total capital raised to $356 million. The funding will accelerate growth of its AI-powered autonomous sourcing software, 'Glo,' which uses proprietary domain-specific data, adaptive machine learning, and generative AI to automate procurement, reduce costs by 10-20%, and achieve 60-90% operating efficiencies for Fortune 500 clients including Fidelity, Hewlett Packard, Santander, British Telecom, Dropbox, Tesco, IQVIA, T. Rowe Price, Invesco, and Allegis Global Solutions. The platform targets large enterprises managing B2B services sourcing, positioning Globality as a leader in AI procurement amid surging adoption, as noted by Gartner with AI procurement interest up 17 times in 2023. This round follows prior financings, including a $138 million Series E in January 2021 led by Sienna Capital and SoftBank Vision Fund, a $100 million Series D in January 2019, and earlier rounds totaling over $350 million. Globality has earned accolades such as Best Technology Provider at the 2024 World Procurement Awards and inclusion in Spend Matters' 50 to Know list. The company focuses on US and European Global 2000 expansion, capitalizing on AI momentum to empower strategic procurement and cost optimization in a competitive market. |
| Jan 2021 | Series E | GBL Capital (lead); SoftBank Group (lead); Debra Polishook; Mark Vorsatz; John R. Joyce; Dennis Nally; Al Gore; Ken Goldman; Scott Belsky | $138M | - | Globality is a Silicon Valley-based AI-powered sourcing and procurement technology company co-founded by Joel Hyatt and Lior Delgo. The platform uses artificial intelligence and machine learning to automate demand creation, supplier identification, proposal evaluation, and statement of work creation, transforming how enterprises source and procure services. In January 2021, Globality raised $138 million in Series D funding from existing preferred shareholders Sienna Capital and SoftBank Vision Fund, along with new investor Rollins Capital mentioned in later updates, bringing cumulative funding to $310 million at that time. The company serves Fortune 500 customers including British Telecom, Santander, HSBC, Dropbox, Fidelity, and others, delivering reported cost reductions of 10-20% across customer spend and 60-90% operating efficiencies. Globality was recognized as a 2021 Cool Vendor by Gartner for Strategic Sourcing Technology and later named Best Technology Provider at the World Procurement Awards. The company positions itself as advancing 'Performance Spending' and building a global ecosystem for B2B services trade based on price, quality, and performance metrics. |
| Jan 2019 | Series D | SoftBank Group (lead) | $100M | $900M | Globality is an AI-powered smart sourcing platform that enables large companies to find and manage service providers around the world. The company secured $100 million in investment from the SoftBank Vision Fund, with this round bringing total funding to $172 million since the company's founding approximately three years prior to the announcement. According to available information, the capital was intended to accelerate growth through investments in AI technology, hiring engineering and product talent, and expanding marketing and sales programs to drive enterprise customer acquisition. |
| Nov 2017 | Series C | John Danilovich; John R. Joyce; Dennis Nally; Al Gore; Raine Ventures; THK Equities | $35M | - | Globality is an AI-powered procurement platform that connects small and mid-sized service providers with large multinational corporations, enabling efficient sourcing of B2B services. Founded by Joel Hyatt, the company operates a vetted marketplace where providers from over 70 countries bid on projects for Fortune 1000 clients, addressing procurement challenges for smaller businesses seeking contracts with bigger partners. In November 2017, Globality raised $35 million in a Series C funding round led by investors including former Vice President Al Gore, former IBM CFO John Joyce, International Chamber of Commerce secretary John Danilovich, PwC former global chairman Dennis Nally, Raine Ventures, and THK Equities. The funds were intended to scale operations, strengthen AI capabilities, expand the team, launch a European office in London, and drive globalization benefits by empowering innovative service providers. The round reflects strong investor confidence in Globality's mission to bridge small businesses with global enterprises, with the platform already onboarding around 1000 vetted providers at the time. Subsequent rounds included a $100M Series D in January 2019 led by SoftBank Vision Fund at a $1B valuation, $138.3M Series E in 2021, and a $47M venture round in October 2024, bringing total funding to approximately $368M. Globality has grown to serve Fortune 500 customers like Fidelity, Santander, and Hewlett Packard, claiming 10-20% cost reductions and 60-90% efficiency gains through its AI-driven platform. |
| Apr 2016 | Series B | SanDisk; John R. Joyce; Al Gore; Raine Ventures; Ron Johnson | $27M | - | Globality is an AI-powered platform that revolutionizes procurement by autonomously matching businesses with the best service providers at optimal prices, connecting small and mid-sized firms from over 70 countries with multinational corporations. The company raised $27.3 million in its Series B funding round in April 2016, led by a select group of private investors and family trusts including Al Gore, John R. Joyce, Raine Ventures, Ron Johnson, and SanDisk, to expand the team and accelerate product development. This followed a $10 million Series A in September 2015 for foundational operations and initial product development. By November 2017, Globality had raised an additional $35 million in a Series C round from investors including Al Gore, John R. Joyce, Raine Ventures, and others like John Danilovich and Dennis Nally, to scale operations, launch a European office in London, and target Fortune 1000 companies. The platform vets service providers on an invite-only basis, enabling small businesses to access large enterprise opportunities. Subsequent rounds included $100 million Series D in January 2019 led by SoftBank Vision Fund and $138.3 million Series E in January 2021 with Sienna Capital and SoftBank. Globality continued growth with a $47 million venture round in October 2024 led by Rollins Capital to enhance generative AI capabilities and global expansion in autonomous sourcing software. Total funding reached approximately $357-368 million across six rounds, with a reported valuation of $1 billion as of January 2019. |
| Sep 2015 | Series A | James A. Johnson; Sheryl Sandberg; SanDisk; Shai Deljo; John R. Joyce; Al Gore; Raine Ventures; David Rosenblatt; Hanan Gilutz; Ron Johnson; Robert Lee; John Emerson | $10M | $71M | Globality raised $8.75 million in its Series A funding round on September 22, 2015, at a post-money valuation of $70.97 million. Key investors included Al Gore, Ken Goldman, Ron Johnson, and others such as David Rosenblatt, Hanan Gilutz, James A. Johnson, John Emerson, John R. Joyce, Raine Ventures, Robert Lee, SanDisk, Shai Deljo, and Sheryl Sandberg. The round supported establishing foundational operations and developing the initial AI-powered sourcing platform. Globality, founded in 2015 by Joel Hyatt and Lior Delgo, provides AI-driven sourcing and procurement solutions for large enterprises. The platform automates procurement processes using proprietary data and machine learning to match providers at optimal prices for services projects. This Series A was followed by subsequent rounds, including a Series B of $27.3 million in April 2016 and a Series C of $35 million in November 2017, building toward a total funding exceeding $350 million by 2024. |
Who has invested in Globality?
22 investors have backed Globality across its funding rounds, including Al Gore, John R. Joyce, Raine Ventures, SoftBank Group, SanDisk and Ron Johnson.
Lead investors include GBL Capital and SoftBank Group.
Globality Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Participant | Sep 2015 | ||
| 4 | Participant | Sep 2015 | ||
| 3 | Participant | Sep 2015 | ||
| 2 | Lead | Jan 2019 | ||
| 2 | Participant | Sep 2015 | ||
| 2 | Participant | Nov 2017 | ||
| 2 | Participant | Sep 2015 | ||
| 1 | Participant | Oct 2024 | ||
| -- | 1 | Participant | Nov 2017 | |
| 1 | Participant | Sep 2015 | ||
| 1 | Participant | Jan 2021 | ||
| 1 | Participant | Jan 2021 | ||
| 1 | Participant | Sep 2015 | ||
This data is available for Pro users. Sign up to see all 22 Globality investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialGlobality Competitors
Globality competitors include listed companies like Beijing CTJ Info Tech, ODDITY Tech and Rezolve AI, and private ones like Huochebang, Korea Credit Data and Mech-Mind Robotics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Publicly listed | $123M | $13M | $904M | 4.9x | ||
| Publicly listed | $810M | $131M | $889M | 1.8x | ||
| Private | $44M | - | $943M | - | ||
| Private | - | - | $858M | - | ||
| Publicly listed | $47M | ($109M) | $950M | 4.0x |
Globality Public Comps
Globality is still privately-owned, but its public comps include Beijing CTJ Info Tech, Trainline, Web Travel Group, UT Group, ODDITY Tech, ATRenew, Rezolve AI, Timee, Nextdoor and Bengo4.com.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $123M | $13M | 5.3x | 4.9x | 51.3x | 34.6x | |||
| $608M | $221M | 1.9x | 1.9x | 5.3x | 4.8x | |||
| $280M | $86M | 2.7x | 2.6x | 8.8x | 7.0x | |||
| $1.1B | $82M | 0.7x | 0.7x | 9.4x | 9.2x | |||
| $810M | $131M | 1.5x | 1.8x | 9.6x | 18.3x | |||
| $3.1B | $84M | 0.2x | 0.2x | 8.2x | 6.6x | |||
| $47M | ($109M) | 23.3x | 4.0x | (10.0x) | (19.3x) | |||
| $132M | $23M | 6.3x | 2.8x | 36.0x | 13.5x | |||
This data is available for Pro users. Sign up to see all Globality competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Globality
| When was Globality founded? | Globality was founded in 2015. |
| Where is Globality headquartered? | Globality is headquartered in San Francisco, CA, United States. |
| Is Globality publicly listed? | No, Globality is a private, VC-backed company. |
| What is Globality's valuation? | Globality was last valued at $900M in its Series D in January 2019. |
| How much funding has Globality raised? | Globality has raised $358M across 6 funding rounds. |
| What was Globality's last funding round? | Globality's last funding round was a $47M undisclosed-stage round in October 2024. |
| Who are Globality's investors? | Globality's investors include John R. Joyce, Al Gore, Raine Ventures, SoftBank Group, SanDisk, Dennis Nally, Ron Johnson, Rollins Capital, John Danilovich, James A. Johnson and 12 others. |
| Which companies are comparable to Globality? | Companies comparable to Globality include Huochebang, Beijing CTJ Info Tech, ODDITY Tech, Korea Credit Data, Mech-Mind Robotics and Rezolve AI. |
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