Wednesday, January 23, 2019

Globality Gets $100M

Menlo Park-based Globality, which operates a service which connects multinational, enterprise companies with service providers, has raised $100M in a funding from The SoftBank Vision Fund, the company said on Tuesday. According to Globality, the funding brings its total raised to $172M. Jeffrey Housenbold and Ted Fike of SoftBank Investment Advisers will both join the startup's board of directors. Globality was co-founded by Joel Hyatt and Lior Delgo, and uses artificial intelligence software to help large multinationals source providers for their projects. Globality also counts such investors as former Vice President Al Gore; Dennis Nally, former Global Chairman of PwC; Ken Goldman, former Chief Financial Officer of Yahoo; John R. Joyce, former Chief Financial Officer of IBM, and Mark Vorsatz, CEO of Andersen Tax, according to the company.