Cornerstone OnDemand
1601 Cloverfield Blvd, Suite 600 South, Santa Monica, CA, 90404, United States
Overview
Cornerstone OnDemand is a leading global provider of a comprehensive learning and talent management solution delivered as Software-as-a-Service (SaaS). The company enables organizations to meet the challenges they face in empowering their people and maximizing the productivity of their human capital. Cornerstone currently empowers over 19.1 million users across 191 countries and in 42 languages. Their integrated cloud-based software offering consists of Cornerstone Onboarding, Cornerstone Recruiting, Cornerstone Performance, Cornerstone Learning, Cornerstone Connect, Cornerstone Succession, Cornerstone Compensation and Cornerstone Extended Enterprise. Their clients use their solution to develop employees throughout their careers, engage all employees effectively, improve business execution, cultivate future leaders, and integrate with their external networks of customers, vendors and distributors. The company has more than 2,100 clients, including multi-national corporations, large domestic enterprises, mid-market companies, state and local public sector organizations, higher education institutions and non-profit entities. Clients include BJC HealthCare, Flextronics, Kelly Services, Pearson, Starwood Hotels & Resorts Worldwide, Teach for America and Virgin Media Limited, among many others. Cornerstone supports multiple client deployments of more than 150,000 users, including one client with more than 700,000 users. Cornerstone is headquartered in Santa Monica, California, with offices in Auckland, Hong Kong, London, Mumbai, Munich, Madrid, Paris, Rome, Sydney and Tel Aviv.
- Total investments
- 3
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 8
Sector focus
- E-Learning
- Employment
- Enterprise Software
- Human Resources
- SaaS
- Training
Investment portfolio
- Talespin
Led · Series B · Mar 2020
Talespin builds a spatial computing platform to power talent development and skills mobility for the future of work. Founded in 2015 and led by co-founder and CEO Kyle Jackson, the company leverages a proprietary platform to offer enterprise customers, partners, and individuals an end-to-end solution for creating, distributing, and measuring immersive learning content. Its technology uses 3D virtual humans and environments to help people practice conversational skills and simulate jobs with real-time feedback and skills analytics. Talespin supports an ecosystem of learning content creators, leading learning platforms, XR hardware partners, and enterprise customers. The platform is used by organizations including Accenture, Farmers Insurance®, AIA Hong Kong & Macau, JFF, and ten of the largest employers in the Fortune 500, and is reported to deliver accelerated learning, higher employee engagement, and impactful upskilling and reskilling programs. Talespin develops immersive virtual and augmented reality training tools aimed at enterprise talent management, hiring and skills development. Its platform uses game-engine animation assets rather than 360-degree video so content can be reused across modules. Customers include corporate insurance teams where Talespin has helped claims assessors and investigators train on real-world scenarios. The company plans to expand product offerings and develop HR training tools through a new partnership with Cornerstone OnDemand. Financially, Talespin has raised a $15 million Series B and had previously raised $5 million, providing capital to scale its enterprise-focused business. The company emphasizes solving reskilling challenges by creating continuous learning and better skills data for employers.
- Rallyteam
Participated · Series A · Nov 2017
Rallyteam builds software that uses public data to create profiles of internal employees and match them to job opportunities and special projects. The platform acts as an internal talent market, contacting candidates about secondments or new challenges within their employer. Rallyteam works with large enterprises, including eBay, and targets companies with at least 5,000 employees. The company says the product helps retain talented millennials who are leaving due to lack of career development or challenging roles. Rallyteam raised $8.6 million to fulfill its mission of keeping employees at companies. The startup is based in San Francisco and has offices in Vancouver and Boulder, Colorado. Rallyteam is a San Francisco-based talent networking platform that intelligently matches employees to projects, tasks, ideas and people. The platform enables teams to self-organize and helps companies respond faster to change. Rallyteam was launched at TechCrunch Disrupt 2014 and has participated in the Seattle-based Microsoft Ventures Accelerator. The company is led by Daniel Ellis, Huan Ho, and David Somers. In August 2015 it received an investment from the Cornerstone Innovation Fund; the amount was not disclosed. Cornerstone's fund is the strategic venture arm of Cornerstone OnDemand and offers mentorship, distribution and resources to its portfolio companies.
- One Month | Learn to Code in 30 Days
Participated · Seed · Jun 2015
One Month offers bite-sized, course-based instruction (originally One Month Rails) across coding and non-coding topics, with a webbed structure that focuses on building specific projects. Its catalog includes Swift, HTML, Python, growth hacking, payment processing, web security, programming basics and content marketing, with JavaScript, UX design and MVP building listed as upcoming. The company has moved from per-class pricing to a subscription model ($49/month for one course or $100/month for multiple courses) and offers a One Month for Teams option for organizations. Founder Mattan Griffel says a free tier will be introduced soon, and free resources already exist in the One Month Learning Library. The site reports over 25,000 students and completion rates 2x–3x higher than other MOOCs. To date the company has raised $2.6M in outside funding. One Month offers accelerated programming instruction that condenses learning Ruby on Rails into a one-month program. The company has expanded enrollment since its August 2013 launch, recording 150,000 lessons completed and over 14,500 students in its Rails course. It reports class completion rates between 20–25%, roughly three times the average for most MOOCs. One Month says it will tackle other languages and toolkits, from Swift to web security, and is considering longer-form online education in the future. The company is led by founder and CEO Mattan Griffel and is backed by Y Combinator and other investors.