Gloat Is an Israeli HR Marketplace Startup

Gloat just raised $57 million.

 

Gloat Founders Ben Reuveni, Amichai Schreiber and Danny Shteinberg Company Pic by Maayan Schwartz

Israeli startup Gloat offers the Talent Marketplace platform that the company boasts is reinventing work and careers in global enterprises. Goat has raised $57 million in a Series C funding round led by Accel, with participation from existing investors Eight Roads Ventures, Intel Capital, Magma Venture Partners, and PICO Partners. With total funding of $92 million, the company says that it will now accelerate product innovation and market expansion as it aims to bring workforce agility to every enterprise and more dynamic careers to every individual.

Founded in 2015 by CEO Ben Reuveni, Amichai Schreiber and Danny Shteinberg, Gloat boasts that it is the first-ever Internal Talent Marketplace, used by the world’s leading enterprises. The company’s platform helps enterprises “democratize career development, unlock skills, and future-proof their workforces, by utilizing a powerful AI engine and relying on years of experience and implementation.


Gloat states that the company enables enterprises to harness the hidden potential of talent throughout the organization by matching people to internal career opportunities that are right for them and provide mission-critical organizational agility, visibility, and insights.

Leading global enterprises such as Unilever, Schneider Electric, Seagate, Nestlé, Novartis, MetLife, HSBC, and ABInBev are benefiting today from Gloat’s platform. Within four months of deploying Gloat, Seagate Technology saved $1.4 million by efficiently managing and deploying talent. Unilever has been able to resource more than 4,000 business projects (equivalent to over 500,000 working hours), 60% of which included talent from a mix of business functions and geographies. Projects at the consumer goods giant included a new ice cream product launch that broke time-to-market records and launches of dozens of new hygiene products to meet surging demand amid the COVID-19 pandemic.


“We’re living through a paradigm shift in the way leading enterprises are managing talent and work within their organizations. Traditional silos, rigid hierarchies and legacy HR technologies keep employees trapped, with limited opportunities for growth, and slow organizations down,” said Gloat CEO and Co-Founder Ben Reuveni. “The most forward-thinking and future-ready companies are breaking down these silos and embracing a more agile approach to workforce management powered by the Talent Marketplace.”

“As companies are adapting their workforces to be more flexible and take advantage of remote workers, new tools are needed to optimize productivity and ensure equality of opportunities,” said Philippe Botteri, Partner at Accel. “Gloat pioneered the Talent Marketplace to solve that, and it’s now becoming a strategic tool for global enterprises. Some of the world’s largest, most forward-looking companies are benefiting from the workforce agility enabled by Gloat’s AI-powered platform. The Accel team is looking forward to partnering with Gloat on the next stage of its journey, bringing this fundamentally new way of developing talent and managing work to every global enterprise.”

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