Globality, a Palo Alto, CA-based provider of AI-driven sourcing and procurement solutions, has raised $47 million in Series D-1 and D-2 preferred stock offerings.
Investors
The funding round, backed by existing shareholders and new investors like Rollins Capital, brings the total capital raised by the company to $356 million.
Globality Use of Funds
The company will use the funding to accelerate the growth of its AI-powered autonomous sourcing software.
About Globality
Founded in 2015 by Joel Hyatt and Lior Delgo, Globality specializes in AI-driven sourcing and procurement solutions for large enterprises. Its platform uses advanced artificial intelligence, including proprietary domain-specific data and adaptive machine learning models, to automate and optimize procurement. Globality’s clients include major Fortune 500 companies such as Fidelity, Hewlett Packard, Santander, British Telecom, and Dropbox.
Funding Details
Company: Globality, Inc.
Raised: $47.0M
Round: Series D-1, D-2
Funding Date: October 2024
Investor: Rollins Capital
Company Website: https://www.globality.com/
Software Category: AI Sourcing and Procurement Solutions
Source: https://www.businesswire.com/news/home/20241022916716/en/