Globality uses its AI technology to connect huge multinational companies with the best service providers. Efficient matching of companies to the appropriate service providers made possible by AI could deliver savings of up to 50%. Softbank’s Vision Fund recently announced they were investing $100 million in Globality to bring the company’s total funding to $172 million.
Globality said that it would use the new funds to hire more people and further develop its AI techniques. Larger marketing and sales teams are also eyed to drive new business.
Here is an excerpt from a report published in Silicon Valley Daily
Through a dynamic exchange between the client and the Platform, Globality’s AI bot – Glo- uses natural language processing technology to both create and analyze the client’s Smart Brief to deliver on the exact needs of any project.
Glo sifts through a database of more than 17,000 potential providers in 100 countries spanning more than 600,000 professionals – analyzing millions of data points from a provider’s location, culture and work history, right down to the expertise of its individual staff members – to find the best service provider at the right price for every project.
Globality’s user-friendly Platform allows clients to easily compare the best matches recommended by Glo. Once companies have selected a provider, Glo is able to learn from client feedback how well the provider is performing.Using an AI platform instead of the RFP process saves clients significant time and money through competitive pricing pressure from providers of all sizes anywhere in the world – including the client company’s existing suppliers. In one recent project for a Fortune 100 financial institution, the cost was reduced by over 50% as a result of sourcing on the Globality platform.
