Eightfold AI Strengths, Domain Expertise, and Key Differentiators
​Eightfold AI is a talent intelligence platform that leverages deep-learning artificial intelligence to help organizations recruit, retain, and develop their workforce. By analyzing over a billion career trajectories and more than a million skills, Eightfold AI provides insights into candidates' potential, enabling skills-based hiring and personalized career development. Its platform supports various functions, including talent acquisition, management, workforce exchange, and resource management, aiming to transform talent into a competitive advantage for enterprises worldwide. ​
Eightfold AI Recent Developments
In 2024, Eightfold AI introduced several product updates to enhance its AI-driven talent intelligence platform. These updates include AI-powered job postings, skills-based job descriptions, and real-time compensation insights under its Talent Tracking feature to improve hiring efficiency. The company also introduced Talent Design, a self-learning framework to identify skill gaps and standardize role requirements. Additionally, Eightfold AI launched Eightfold Copilot, an AI tool designed to automate tasks while ensuring compliance with global AI regulations.
Eightfold AI Mergers and acquisitions (M&A) Activities
In 2024, Eightfold AI introduced several product updates to enhance its AI-driven talent intelligence platform. These updates include AI-powered job postings, skills-based job descriptions, and real-time compensation insights under its Talent Tracking feature to improve hiring efficiency. The company also introduced Talent Design, a self-learning framework to identify skill gaps and standardize role requirements. Additionally, Eightfold AI launched Eightfold Copilot, an AI tool designed to automate tasks while ensuring compliance with global AI regulations.
Eightfold AI Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Eightfold AI applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Eightfold AI and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Eightfold Talent Intelligence Platform customers.
Eightfold AI Overview
Ownership: - x
Number of Employees: 1000
Functional Market: Workforce Analytics, Sourcing, Recruiting, Candidate Relationship Management $M, Succession Planning,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction and Real Estate, CPG, Distribution, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Oil Gas Chemicals, Professional Services, Retail, Transportation, Utility,
Eightfold AI Key Cloud and HCM Applications
Eightfold Talent Intelligence Platform
Eightfold AI HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Eightfold AI Revenue Breakdown by Type:
Eightfold AI HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2024 HCM Revenues, By HR Segment, $M | |
Eightfold AI HCM Applications Revenues By Verticals, $M:
Eightfold AI Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Eightfold AI Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Eightfold AI Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Eightfold AI Customers
No. of Eightfold AI Customers: 1073
No. of Eightfold AI HCM Applications Customers: 1073
No. of Eightfold AI Cloud HCM Customers: 1073
No. of Eightfold AI Cloud HCM Subscribers: x
​Eightfold AI serves a diverse global customer base, including large enterprises across various industries such as information technology, financial services, manufacturing, and retail. Prominent clients include Vodafone, Coca-Cola Europacific Partners, EY, Amdocs, and Forvia, all of which have leveraged Eightfold's platform to enhance their talent acquisition and workforce development strategies . The platform is utilized by organizations of varying sizes, from companies with fewer than 50 employees to those with over 10,000, demonstrating its scalability and adaptability . While the majority of Eightfold AI's customers are based in the United States, it also has a significant presence in countries like India and Canada, reflecting its international reach
Eightfold AI Market Opportunities, M&A and Geo Expansions
A potential growth opportunity for Eightfold AI is its expansion into the public sector, particularly in the United States. In 2024, Eightfold AI started working with various U.S. government entities, such as the Department of Defense, the State of New York, Puerto Rico, and Washington D.C. This indicates that Eightfold's platform is capable of handling large-scale operations in the public sector. As governments explore AI for talent management, Eightfold AI's experience in both the public and private sectors could help it expand further in this area.
In a significant milestone, Eightfold AI has successfully secured $220 million in its latest funding round, led by SoftBank Vision Fund 2. With this injection of capital, the seven-year-old company's valuation has soared to an impressive $2.1 billion, underscoring investor confidence in its potential for growth. This latest round, participated in by existing backers including General Catalyst, Capital One Ventures, Foundation Capital, IVP, and Lightspeed Venture Partners brings Eightfold AI's total funding to over $410 million, paving the way for the company to accelerate its expansion and further revolutionize the realm of talent management.
Eightfold AI Risks and Challenges
A risk for Eightfold AI is dependence on large enterprise customers. While Eightfold AI serves a diverse range of organizations, it may be heavily reliant on a few large clients for a significant portion of its revenue. If any of these key customers decide to switch to competing solutions or reduce their reliance on Eightfold AI, the company could face substantial revenue loss and operational challenges. This concentration risk makes the company vulnerable to changes in client preferences, market trends, or economic downturns that may affect the budgets and hiring needs of these large organizations.
Eightfold AI Ecosystem, Partners, Resellers and SI
Eightfold AI developed a partner ecosystem that includes technology partners like SAP, channel partners such as RansiTech, and strategic alliances with firms like Deloitte. These partnerships enable Eightfold AI to integrate its platform with major HR systems, assist with deployment and integration, and promote skills-based talent management approaches, helping the company deliver scalable and customized solutions to its clients.
In May 2022, Eightfold AI and Deloitte unveiled an alliance aimed at empowering organizations to proactively tackle their essential workforce challenges and prepare for the future. This strategic partnership signifies a pivotal step towards fostering a dynamic and adaptable global workforce, laying the groundwork for businesses to navigate the complexities of the modern landscape with confidence and innovation.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
