Eightfold.ai, an AI enabled platform for talent management and recruitment has raised $125 million in series D funding round. The company that has so far raised over $180 million across various rounds of funding is now valued at $1 billion.

The current round of investment was led by General Catalyst, and existing investors such as Capital One Ventures, Foundation Capital, IVP and Lightspeed Venture Partners. A company statement said that the fresh round of funds will be utilized to expand and scale Eightfold's leading AI-powered Talent Intelligence Platform.

Eightfold was founded by Ashutosh Garg and Varun Kacholia in 2016. Headquartered in San Francisco and Noida, the startup has designed a

deep learning artificial intelligence platform that functions as a single solution for managing the entire talent lifecycle. The platform enables organizations to retain top performers, upskill and reskill the workforce, recruit top talent efficiently and reach diversity goals.

Ashutosh Garg, Founder & CEO, Eightfold said, "Our mission is to leverage our expertise in AI to provide the right career for everyone in the world," said. "The Eightfold team has spent the last four years developing a single platform servicing all talent lifecycle needs, bypassing single point solutions entirely.

This is the future of our industry, and has already made Eightfold the go-to provider for industry leaders in every sector. We are grateful to our investors, customers and partners for sharing in our vision, especially at a time when the immediate focus is on the well-being of the global workforce."

Speaking about Eightfold, Quentin Clark, Managing Director at General Catalyst said, "Theirs is an industry-agnostic approach that has the potential to rapidly evolve how companies meet and retain their best people”.

According to a company statement Eightfold’s revenue has more than quadrupled since its last round of equity funding in April 2019. The company caters to customers across 110 countries, 17 industries and 13 languages including names such as AirAsia, Bayer, Capital One and Micron.