What is Gloat?
Gloat operates an industry-leading Workforce Agility Platform designed to enable businesses to operate with the speed 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 talent effectively. It provides continuous insights into workforce needs, allowing businesses to adapt swiftly to evolving market demands, retain critical skill sets, and build a future-proof workforce. Gloat serves a distinguished clientele, including global enterprises such as Unilever, Schneider Electric, Standard Chartered Bank, PepsiCo, Nestlé, Novartis, HSBC, and Seagate.
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 Magma Venture Partners and PICO Capital Partners
Series B (2019): $25M led by PICO Partners, Eight Roads Ventures, Magma Venture Partners, and Intel Capital
Series C (2021): $57M supported by Eight Roads Ventures, Intel Capital, Accel, Pico Partners, and Magma Venture Partners
Series D (2022): $90M featuring Eight Roads, Generation Investment Management, Accel, and Intel Capital
Key Investors in Gloat
PICO Partners
Pico Partners is a boutique consulting business offering financial transaction services and risk management advisory to the energy industry, with a focus on power, gas, coal, emissions, LNG and renewables.
Eight Roads Ventures
Eight Roads is a global investment firm that supports ambitious entrepreneurs building category-defining businesses. They provide long-term capital and strategic support across venture, growth, and buyout stages.
Magma Venture Partners
Magma VC is a venture capital firm focused on investing in innovative startups, particularly in Israel. The company aims to support entrepreneurs by providing capital and strategic guidance to help them grow their businesses.
What's next for Gloat?
The substantial enterprise-level funding, culminating in the recent major strategic investment, positions Gloat for accelerated scaling and further innovation within the workforce agility domain. This capital infusion is expected to fuel product development, enhance its AI capabilities, and expand its market reach globally. The company's focus on enabling large enterprises to navigate change and optimize talent management suggests a strategic push towards solidifying its leadership in a market increasingly prioritizing adaptable workforces. Future growth will likely involve deepening its integration with enterprise HR systems and expanding its suite of workforce intelligence tools.
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