New York-based Gloat, an AI-powered internal jobs board, raised a $90M Series D led by Generation Investment Management, bringing its total funding to $192M
Context & Ripple Effects
Gloat has been climbing the enterprise AI funding ladder for three years: a $25M Series B in 2019 as an Israel-based career development platform for customers like Unilever, Oracle, Cisco, and PayPal, then a $57M Series C led by Accel in 2021. The new $90M round led by Generation Investment Management takes it to $192M total and moves the company to New York.
The raise lands in a busy 2022 window for AI tools sold into the enterprise back office: Glean's $100M Series C for unified workplace search in May, and later in the year Knoetic's $36M Series B for HR analytics and Vic.ai's $52M Series C for accounting automation. Investors are treating internal-facing enterprise AI as a distinct funding lane, and Gloat is one of its better-capitalized players.
First-order effects
- Gloat now has the balance sheet to expand its AI internal jobs board beyond the large-enterprise customer base (Unilever, Oracle, Cisco, PayPal) it built through the Series B and C years, with Generation Investment Management — a sustainability-focused investor — as its new lead backer.
Second-order effects
- Gloat's war chest pressures adjacent HR-tech startups like Knoetic, which raised a smaller Series B months later, to either scale sales aggressively or differentiate away from Gloat's talent-mobility turf; enterprise buyers gain a funded incumbent in internal mobility just as Glean validates demand for AI that sits across company apps.
Third-order effects
- If the 2022 pattern holds, internal workforce AI — mobility, search, analytics, automation — consolidates into a category of nine-figure-funded platforms competing for the same large-enterprise HR budgets, raising the bar for later entrants to reach Series C scale.
The trend: Enterprise AI is moving from external products into internal workforce infrastructure, with 2022's growth rounds (Gloat, Glean, Knoetic, Vic.ai) marking the moment investors began funding the company's inside as a software market.