Eightfold

Eightfold was founded in 2016 by Ashutosh Garg and Varun Kacholia, both with backgrounds in machine learning and search technology at companies including Google and YouTube, applying that expertise to talent management and recruiting, an area the founders argued had historically relied heavily on relatively crude keyword matching between resumes and job descriptions, missing candidates whose skills and experience might be genuinely well suited to a role despite not using the exact keywords a resume-scanning system was searching for. Eightfold's platform uses machine learning to build a much richer, skills-based understanding of both candidates and job requirements, aiming to match people to roles based on the underlying skills and potential a person demonstrates across their career history, rather than only surface-level keyword or job title matching, a capability the company argues surfaces qualified candidates, including those from non-traditional backgrounds, who might be overlooked by more simplistic matching systems. The platform serves both external recruiting use cases, helping companies find and evaluate external job candidates, and internal talent mobility use cases, helping large enterprises identify existing employees who might be well suited for internal role changes, promotions, or reskilling opportunities based on their demonstrated skills and career trajectory, a capability that has become increasingly important to large companies focused on retaining talent by offering internal growth paths rather than losing employees to external opportunities. Eightfold has also built workforce planning tools that help large organizations model and plan for future skills needs given trends such as automation and changing business strategy. The company's customers span large global enterprises across many industries seeking to modernize talent acquisition and internal mobility practices using AI-driven skills matching. Eightfold has raised very substantial venture funding from investors including SoftBank Vision Fund, Coatue, and Dragoneer Investment Group, reaching a valuation exceeding $2 billion, competing with other talent intelligence and recruiting technology platforms including Beamery and traditional applicant tracking system vendors adding similar AI capabilities.

News

No news available for this company.