Globality

Globality, founded in 2015 by Joel Hyatt and Lior Delgo, is headquartered in Palo Alto, California. The company specializes in AI-powered autonomous sourcing solutions, aiming to revolutionize enterprise procurement by connecting businesses with optimal service providers globally. Its platform leverages advanced artificial intelligence to streamline sourcing processes, enhance decision-making, and drive cost efficiencies.

Globality has attracted significant investment from a diverse group of investors. Notable backers include SoftBank Vision Fund, Sienna Capital, Raine Ventures, and Rollins Capital. As of October 2024, the company has raised a total of $368 million across multiple funding rounds, with the latest Series D-1 and D-2 rounds securing $47 million.

What sets Globality apart is its AI-driven platform, which automates the sourcing journey through a conversational interface known as Glo. Glo guides users through various sourcing scenarios—such as RFPs, RFIs, and sole-source procurements—by utilizing built-in category expertise across over 7,000 offerings. This approach democratizes procurement, enabling business stakeholders to source complex services without extensive training, thereby optimizing outcomes and ensuring transparent, competitive processes.

In the artificial intelligence landscape, Globality operates within the category of AI-driven procurement and sourcing solutions. By integrating AI into enterprise spending workflows, the company enhances accuracy, efficiency, and responsiveness, transforming traditional procurement into a more strategic and value-driven function.

For more information, please visit globality.com.

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