Gloat raises $25 million to provide employees with professional development
Summary
) Gloat CEO Reuveni says the proceeds will be used to expand the firm’s New York and Tel Aviv offices with an “ambitious” hiring plan, and to further enhance its existing and in-development technology and service offerings. “As the first in our field, we are proud to be leading the way in helping enterprises evaluate their workforce, as individuals with unique skill sets and ambitions pave the way to maximize output while also increasing employee engagement. The momentum we’ve achieved in the last year and the increasing demand we’re getting from the market proves that our solution is at the forefront of the future of work.” Gloat’s free-to-use flagship product is InnerMobility, which performs the aforementioned employee-to-opportunity matching by comparing individual resumes to a database of millions. As for human resources teams, they’re able to glean insights about the hiring process, in part from easy-to-read metrics about available jobs, recent assignments, and the number of days off employees have collectively taken. On the employee side of the equation, InnerMobility recommends skills potentially in need of refinement or development (e.g., “marketing analytics,” “sales operations,” and “research”), while at the same time suggesting connections with company leaders possessing applicable knowledge.