Goto

Collaborating Authors

 gloat


Gloat nabs $90M to build AI-powered internal jobs marketplaces – TechCrunch

#artificialintelligence

Gloat, an internal marketplace for corporate talent, today announced that it raised $90 million in a Series D round led by Generation Investment Management, bringing the startup's total raised to $192 million. Generation, notably, is chaired by former U.S. Vice President Al Gore. In an email Q&A with TechCrunch, CEO Ben Reuveni said that the proceeds will be put toward expanding Gloat's presence, growing its team of over 250 employees and "strengthening" its R&D initiatives. The list of employee recruitment, acquisition and jobs boards products is practically endless -- see Workday, LinkedIn and SAP SuccessFactors to start. Reuveni doesn't deny that Gloat faces stiff competition, but he sums up what he believes to be the company's differentiators thusly: "Gloat is unique in that we started by powering a solution for internal mobility. Across the market, there are a number of recruiting … tools to source external candidates, but internal mobility poses unique and nuanced challenges. It requires a real understanding of transferable skills and titles that may not be obvious without the deep, organization- and industry-specific insight Gloat's technology was built to offer."


The hottest startups in Tel Aviv

#artificialintelligence

Tel Aviv is the city with the highest number of startups per capita in the world, according to the 2018 Global Startup Ecosystem report -- more than 6,000, of which 18 are unicorns. The city's tech cluster, dubbed Silicon Wadi, is home to more than 100 venture capital funds, plus hundreds of accelerators and co-working places. "Tel Aviv is transitioning from startup nation to scale-up nation," says Eyal Gura, co-founder of Zebra Medical Vision. Amit Gilon, an investor at Kaedan Capital VC fund, agrees – adding that Israel is not just about successful B2B companies anymore, such as Checkpoint, Nice and Amdocs, but also about "big B2C success stories like Playtika, Wix, Fiverr and others". Founded in 2015, Arbe has built a 4D ultra-high-resolution imaging radar for cars.