Gloat, a provider of Workforce Agility software and pioneers of the AI-powered Talent Marketplace, today announced its $90 million Series D round led by Generation Investment Management — with participation from Accel, Eight Roads Ventures, Intel Capital and Lumir Ventures.
The funding positions Gloat to accelerate the evolution of a talent ecosystem that can ride waves of economic growth or adapt to market disruptions.
Over the last two years, organizations have determined they can’t rely on outdated practices of human capital management to build and maintain a productive workforce. Research shows businesses’ operational performance jumps 30 percent to 50 percent following an agile transformation.
Since 2015, Gloat has developed a comprehensive workforce agility platform by combining an AI-powered Talent Marketplace with Workforce Intelligence — breaking down organizational silos, analyzing employees’ skills at scale, and providing insights for strategic talent decision-making.
“From the start, we built Gloat to help employees and businesses adapt to a new world of work,” said Ben Reuveni, CEO and co-founder of Gloat. “The pandemic, the Great Resignation and an increasingly likely economic downturn have accelerated this shift. Now more than ever, companies need to understand their own talent’s skills and goals so the right people are connected to the right opportunities and enterprise needs. With the Talent Marketplace and Workforce Intelligence, Gloat is empowering people to steer their own careers and organizations around the world to achieve true workforce agility — in any market or environment.”
As one of the earliest dedicated sustainable investors, Generation is committed to investing in companies and teams that deliver responsible innovation at scale and to drive a sustainable future. Generation selected Gloat as the first investment in its new Sustainable Solutions Fund IV because of a shared goal — to shape a future of work that finally prioritizes the future of the worker.
For more information, visit www.generationim.com.