Eightfold AI raises $220 million at $2.1 billion valuation

Talent management platform Eightfold AI on Thursday said that it has raised $220 million as a part of its Series E funding round, led by SoftBank’s Vision Fund 2, at a valuation of $2.1 billion.

Existing investors including General Catalyst, Capital One Ventures, Foundation Capital, IVP and Lightspeed Venture Partners also participated as a part of this fund raise.

According to the company, it will use the funds to expand its India operations, hiring data scientists and engineers in the region. The company plans to exit the current year with 500 employees. It will also use the funds to expand into Europe and will continue growing its partner ecosystem.