What is Gloat?
Gloat operates an industry-leading Workforce Agility Platform designed to enable businesses to operate with the speed and adaptability of a startup while maintaining the robustness of an enterprise. The platform integrates an AI-powered Talent Marketplace with dynamic Workforce Intelligence, empowering organizations to cultivate and deploy their talent effectively. Gloat's solutions facilitate continuous workforce adaptation to evolving business needs, ensuring companies can navigate change rapidly, retain critical skill sets, and build future-proof workforces. It is trusted by numerous global enterprises, including Unilever, Schneider Electric, and Nestlé.
How much funding has Gloat raised?
Gloat has raised a total of $180M across 4 funding rounds:
Series A
$8M
Series B
$25M
Series C
$57M
Series D
$90M
Series A (2017): $8M with participation from PICO Capital Partners and Magma Venture Partners
Series B (2019): $25M led by PICO Partners, Eight Roads Ventures, Magma Venture Partners, and Intel Capital
Series C (2021): $57M supported by Accel, Magma Venture Partners, Eight Roads Ventures, Pico Partners, and Intel Capital
Series D (2022): $90M featuring Intel Capital, Accel, Eight Roads Ventures, and Generation Investment Management
Key Investors in Gloat
Intel Capital
Founded in 1991, Intel Capital, a division of Intel, invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter, Cloud, 5G, next-generation compute, and a wide range of other technologies. Intel Capital curates thousands of business development introductions each year. It is headquartered in Santa Clara, California.
Accel
Accel is a global venture capital firm that partners with exceptional teams from the inception of their ideas through all phases of private company growth. The firm focuses on supporting innovative companies and entrepreneurs. Accel aims to be the first partner for teams looking to scale and succeed in their respective markets. Their services are tailored to meet the needs of startups and growing businesses.
Eight Roads Ventures
Eight Roads, headquartered in Kent, is a venture capital investment company specializing in real estate, venture, and growth businesses.
What's next for Gloat?
The recent major strategic investment in Gloat signals a strong confidence from its backers in the company's trajectory and its pivotal role in shaping the future of workforce management. This capital infusion is expected to accelerate Gloat's product innovation, expand its market reach, and enhance its capabilities in AI-driven talent intelligence. As businesses increasingly prioritize agility and internal mobility, Gloat is well-positioned to capitalize on this trend, further solidifying its leadership in the workforce agility space. The company's focus on empowering enterprises to adapt to dynamic market conditions will likely drive further strategic partnerships and customer acquisitions.
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