Talent Marketplace platform Gloat that is reinventing work and careers in global enterprises, today announced a $57 Mn Series C funding round led by Accel, with participation from existing investors Eight Roads (Fidelity), Intel Capital, Magma Venture Partners, and PICO Partners. 

With total funding of $92M, the company will accelerate product innovation and market expansion as it aims to bring workforce agility to every enterprise and more dynamic careers to every individual.

Gloat was founded in 2015 by Ben Reuveni, Amichai Schreiber, and Danny Shteinberg, with the belief that the traditional approach to work, jobs, and careers that has been at the heart of enterprise operations since the industrial revolution, is now holding businesses and their people back. In an age where the speed of change demands greater agility and adaptability than ever before, enterprises need a more agile operating model. That is why Gloat built the Talent Marketplace - an AI-powered platform that dynamically connects employees with internal work and development opportunities like projects, full-time roles, and mentorships that align with their skills and aspirations. 

The Talent Marketplace helps enterprises break down operational silos and quickly draw on talent from across the business, while democratizing career opportunities for employees and empowering them to navigate more dynamic, experience-driven careers on their own terms.   

Gloat CEO and Co-Founder Ben Reuveni stated, “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. 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.”

Leading global enterprises such as Unilever, Schneider Electric, Seagate, Nestlé, Novartis, MetLife, HSBC, and ABInBev are benefiting today from Gloat’s platform.

The urgent need to respond to change amidst the pandemic was an accelerant for many organizations to embrace a more agile operating model with the Talent Marketplace, as Gloat’s customer base grew 4x, ARR grew 5x, employee count tripled, and Gloat’s user base expanded to more than 120 countries. 

The startup had raised $25 Mn in Series B funding in 2019. Gloat’s new funding comes as businesses are emerging from pandemic lockdowns and having to once again adapt to a new world of work. It will be interesting to see how it fares in the next stage of its growth journey.