What is Cornerstone OnDemand?
Founded in 1999, Cornerstone OnDemand provides a comprehensive suite of software-as-a-service solutions designed to optimize the entire employee lifecycle. From recruiting and onboarding to performance management and continuous learning, the company's platform is engineered to drive organizational efficiency. By serving a diverse array of industries—including healthcare, finance, and technology—Cornerstone has established a robust market presence. Its product ecosystem, which includes the Cornerstone Growth Edition and Edge integration tools, allows enterprises to scale their human resource administration while maintaining compliance and fostering professional development across global workforces.
How much funding has Cornerstone OnDemand raised?
Cornerstone OnDemand has raised a total of $541.8M across 7 funding rounds:
Other Financing Round
$32M
Series B
$12M
Series E
$12.7M
Stock Offering
$136.5M
Share Placement
$300M
Series A
$8.6M
Series C
$40M
Other Financing Round (2007): $32M with participation from Bay Partners and Bessemer Venture Partners
Series B (2009): $12M, investors not publicly disclosed
Series E (2009): $12.7M supported by Bessemer Venture Partners, Meritech, and Bay Partners
Stock Issuance/Offering (2011): $136.5M featuring Goldman Sachs and Barclays Capital
Share Placement (2017): $300M backed by Silver Lake and LinkedIn
Series A (2018): $8.6M, investors not publicly disclosed
Series C (2019): $40M, investors not publicly disclosed
Key Investors in Cornerstone OnDemand
Silver Lake
Silver Lake is a global technology investment firm, with approximately $101 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe and Asia.
Bay Partners
At Bay Partners, we focus on the finish line. We've helped over 250 companies go from start-up to successful liquidity, resulting in over $1 billion in exit returns.
Bessemer Venture Partners
Bessemer Venture Partners is a venture capital firm with offices in San Francisco, Redwood City, New York City, Boston, Israel, and India, established in 1911.
What's next for Cornerstone OnDemand?
With the backing of significant strategic capital, Cornerstone OnDemand is well-positioned to accelerate its product innovation roadmap. The company is expected to focus on deepening its integration capabilities and expanding its footprint within the mid-market segment through its Growth Edition offerings. As the demand for sophisticated, data-driven talent management tools continues to rise, Cornerstone's ability to leverage its historical funding trajectory will be critical in maintaining its competitive edge against emerging HR-tech challengers. Future growth will likely center on enhancing AI-driven insights within its performance and learning suites to meet the evolving needs of the modern, distributed workforce.
See full Cornerstone OnDemand company page
