Gloat Founders Ben Reuveni, Amichai Schreiber and Danny Shteinberg Company Pic by Maayan Schwartz
Gloat, an Israeli startup that offers a flexibility platform for human resources and talent, has completed a $90 million Series D round of investment led by Generation Investment Management with participation from Accel and others. The news comes just one year after the company raised $57 million in a series C round.
Human resources people probably have the most thankless job in any organization. They have to keep track of everyone’s information, handle payrolls and pensions, and they also have to be the ones to give the bad news to someone getting fired. And then there are all the issues surrounding complaints about sexual harassment and how to handle them.
And as if that were not enough, America is going through the Great Resignation right now. Americans are freer than at any time in recent history to simply pick up and move to another job at another company. And they don’t even have to make a physical move to another city or even country if the other company is somewhere else. People are able to work remotely effectively now as the Covid lockdowns proved. So this is where Goat comes into the picture.
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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.
“From the start, we built Gloat to help employees and businesses adapt to a new world of work,” said Ben Reuveni. “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.”
When Gloat made its $57 million raise in 2021, Reuveni said, “When we founded Gloat, we had a simple but lofty vision – to bring democratized career development to every individual, regardless of their background, and startup agility to every enterprise, regardless of its size.”
