Meritech Capital provides late-stage venture capital to technology companies. It specializes in the fields of finance, venture capital, and late-stage investment management.  It was founded in 1999 and headquartered in Palo Alto, California.

Meritech Capital Partners

Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. Their portfolio includes pinterest, shopify, twilio, yelp, linkedin, pagerduty, docusign, wix, fiverr, and toast, and has $19 billion of assets under management.

Bessemer Venture Partners

Bay Partners is a venture capital firm based in Menlo Park, California. Founded by John Freidenrich in 1976, it has funded over 200 information technology and healthcare businesses.

Bay Partners

ff Venture Capital (ffVC) is a technology venture capital firm investing in some of the strongest growth areas to date, including cybersecurity, artificial intelligence, machine learning, drones, enterprise cloud software, and crowdfunding. The firm identifies and invests in technology and technology-enabled companies at its inception across geographies and emerging industries.  With three partners and an acceleration team of 20+ investment and operations professionals, ffVC actively participates with founders to develop products, target markets, and accelerate growth. Since 2008, ffVC has invested in over 100 companies and has helped to create companies with an aggregate market value exceeding $6 billion.

ff Venture Capital

Cornerstone OnDemand

Modern tools to train and motivate staff, and bridge emerging skill gaps.

EdTech: Corporate Learning

Talespin is the developer of Runway, a proprietary extended reality (XR) platform which it uses to create virtual reality (VR)-based training solutions for businesses. Immersive learning through the use of technologies such as VR, AR, and XR has been found to be productive among corporates. Talespin’s customers include Accenture, AIA Hong Kong &amp; Macau, Farmers Insurance, Go1, Jobs for the Future, and 10 large employers within the Fortune 500.In April 2021, Talespin expanded its off-the-shelf learning content library and added desktop content streaming support for its platform. The desktop streaming technology allows users to stream learning modules on web browsers. In May 2021, the company launched CoPilot Designer, a no-code authoring tool for corporates to develop their own immersive soft skills learning content. In March 2023, Talespin partnered with Pearson, a learning solutions provider, to launch an XR-learning product called <a href="https://sp-edge.com/updates/16286">"Where'd Everybody Go?, </a>" which is designed as a virtual storyworld, featuring virtual human simulations and an interactive narrative that resembles a role-playing video game (RPG).In March 2024, Talespin was <a href="https://">acquired by Cornerstone OnDemand,</a> a firm specializing in learning and talent experience solutions, to diversify its service offerings. Funding and financialsIn October 2022, the company <a href="https://sp-edge.com/updates/13733">received a strategic investment of undisclosed value </a>from WestRiver Group (WRG). As part of the agreement, Talespin <a href="https://sp-edge.com/updates/13733">acquired the “Pioneer Adaptive Learning” </a>platform from Singularity Group, as well as its team of employees and advisors. It planned to use the funds, its new acquisition, and its relationship with the Singularity Group to build an ecosystem to support immersive learning solutions. The round follows its <a href="https://sp-edge.com/updates/8592?industryIds=46">USD 20 million Series C funding </a>in February 2022, co-led by SEEK Investments and Allomer Capital.

Cleardekho is the Uttar Pradesh based online eyewear marketplace.

Talespin is building the spatial computing platform to power talent development and skills mobility for the future of work. Founded in 2015, the company leverages its proprietary platform to offer enterprise customers, partners, and individuals an end-to-end solution for creating, distributing, and measuring the impact of immersive learning content. Talespin is building a future of work where the distance between learning and execution is collapsed, enabling people to explore unique career paths that meet the needs of both businesses and individuals.

Ubeya is the most flexible workforce management solution for dynamic teams. The platform was created to help solve the challenges associated with hiring, scheduling, and managing dynamic workforces. Leading companies worldwide use Ubeya to streamline their HR processes and operations from finding and onboarding new employees, to communication, time management, analysis, optimization, and more. Ubeya supports a diverse array of workforces, including staffing agencies, hospitality, venues and stadiums, retail, security, cleaning services, healthcare, and manufacturing. Ubeya’s modular and adaptive system was built for businesses and inspired by employees, prompting flexibility without compromising manageability.

Ready, Set, Food! makes it easy for parents reduce their baby's risk of developing peanut, egg, and milk allergies by up to 80% with our gentle, daily system.

Rallyteam is an internal mobility platform that enables companies to better understand and utilize their most valuable assets - their people. Rallyteam helps organizations develop, engage, and retain top talent by offering unlimited growth and experiential learning opportunities, fostering collaboration and continuous feedback, and rewarding top performers with new opportunities and recognition.

Comparably provides the most accurate and comprehensive compensation and culture data, to understand employees' true value and needs to make work better.

Portfolium partners with colleges and universities to help students connect learning with opportunity. The ePortfolio network helps connect 3.75M+ students from over 190 partner institutions with 50,000+ employers based on their proven skills and competencies. Portfolium's cloud-based platform empowers students with lifelong opportunities to capture, curate, and convert skills into job offers while giving learning institutions and employers the tools they need to assess competencies and recruit talent. The platform is used by over 3600 institutions to help assess the effectiveness of their programs and courses, certify students’ competencies, and empower students to showcase their achievements and skills with evidence. It was founded in 2014 by Aerospace Engineer, Adam Markowitz and is based in San Diego, California.

Qualified is the most effective platform for evaluating and training world-class engineers. Utilizing real-world assessment methodology we enable companies to identify high-performing hires.

Workpop is the world's first Applicant Hiring System that doesn't just track applicants, but delivers the best candidate experience required to win in today's competitive talent market.   While other hiring software focuses on tools that help you screen candidates, we know that top candidates are evaluating YOU on your application and hiring process. Through modern design that showcases your brand and intuitive software that encourages candidate interaction rather than hindering it, Workpop helps you attract and hire the best.  Our technology automates sourcing, removes friction and engages candidates from the moment they see your job post. Our user-friendly screening tools empower managers and collaborators to meaningfully communicate with applicants and to make thoughtful decisions faster.  And our paperless onboarding system drastically reduces costs while allowing new hires to contribute immediately on day one of the job.  With Workpop, you don’t track applicants; you engage and hire them.

At One Month, we teach beginners how to code HTML, CSS, JavaScript, and Python. We know the two most difficult things about learning to code are starting and motivation, so we’ve designed our courses for true beginners. From day one of all our courses, you will build something awesome!  Over 60,000 students have used One Month’s computer programming courses to launch their side hustles, level up their careers, and build things they couldn’t even imagine before. Our courses combine video tutorials, human support, and the opportunity to build real-world projects from day one. One Month students have gone on to work at top companies including Google, Bloomberg L.P., Facebook, and Salesforce. Our coding curriculum is used and trusted by Stripe, Columbia University, and Y Combinator.  Are you a non-technical founder? Head of sales? Marketing team member? HR professional? We have a course called Programming for Non-Programmers that is just for you!  Jump into any of our upcoming online coding bootcamps, and this time next month you’ll have the confidence to say “I know how to code.”

Codewars helps you to improve your development abilities by practicing with your peers on code katas that challenge and push your coding practice. Codewars is a user-generated project. They write kata to teach various skills, solve kata with solutions that enlighten others, and comment with constructive comments.

Cornerstone OnDemand is a leading global provider of a comprehensive learning and talent management solution delivered as Software-as-a-Service (SaaS).  The company enables organizations to meet the challenges they face in empowering their people and maximizing the productivity of their human capital.  Cornerstone currently empowers over 19.1 million users across 191 countries and in 42 languages. Their integrated cloud-based software offering consists of Cornerstone Onboarding, Cornerstone Recruiting, Cornerstone Performance, Cornerstone Learning, Cornerstone Connect, Cornerstone Succession, Cornerstone Compensation and Cornerstone Extended Enterprise. Their clients use their solution to develop employees throughout their careers, engage all employees effectively, improve business execution, cultivate future leaders, and integrate with their external networks of customers, vendors and distributors. The company has more than 2,100 clients, including multi-national corporations, large domestic enterprises, mid-market companies, state and local public sector organizations, higher education institutions and non-profit entities.  Clients include BJC HealthCare, Flextronics, Kelly Services, Pearson, Starwood Hotels & Resorts Worldwide, Teach for America and Virgin Media Limited, among many others.  Cornerstone supports multiple client deployments of more than 150,000 users, including one client with more than 700,000 users.     Cornerstone is headquartered in Santa Monica, California, with offices in Auckland, Hong Kong, London, Mumbai, Munich, Madrid, Paris, Rome, Sydney and Tel Aviv.

<div> Founded in 1999 as CyberU, Cornerstone OnDemand provides software solutions for the entire employee lifecycle including recruiting, learning, performance management, and employee data management and insights. Besides corporations, the company supports government agencies, hospitals, non-profit organizations, and schools. The company's Unified Talent Management suite includes Cornerstone Onboarding, Cornerstone Recruiting, Cornerstone Performance, Cornerstone Learning, Cornerstone Connect, Cornerstone Succession, Cornerstone Compensation, and Cornerstone Extended Enterprise. In November 2021, the company released &ldquo;Cornerstone Xplor&rdquo;, a &ldquo;holistic growth experience&rdquo; powered by deep learning, auto-curated content delivery, and self-learning AI to deliver integrated and personalized learning, skill development, growth, and career mobility. It also introduced a new learning series&mdash;&quot;A Seat at the Table&quot;&mdash;besides other new content offerings. </div>

Corporate Training Software Market (YoY) Growth Analysis | Skillsoft, Cornerstone OnDemand, CGS - Motions Online

Learning content | Career development includes providers of content libraries and customized courses focusing on learning and developing skills directly related to job roles and careers (including hard skills, soft skills, and skills in demand). Delivery styles are varied and include in-person or virtual classrooms, mobile learning, and micro-learning. A variety of technologies may be employed such as video-based learning, artificial intelligence-based (AI-based) and adaptive learning, augmented reality (AR), and virtual reality (VR).

Massive open online course (MOOC) platforms allow large numbers of users to sign up for various courses from multiple sources, offering a flexible and affordable means of upskilling and reskilling.

Coaching, tutoring, and mentoring platforms connect employees with experts and specialists who provide personalized training and development support.

Technology platforms such as learning management systems (LMS), learning experience platforms (LXP), and learning content management systems (LCMS) host in-house or third-party content, track progress, and generate analytics. Content development tools comprise authoring and course-building tools for instructional designers, corporate trainers, and educators. Content development tools comprise authoring and course-building tools for instructional designers, corporate trainers, and educators.

Learning and engagement tools include platforms that offer adaptive learning, gamification, immersive learning, and microlearning solutions that can be used by enterprises for the delivery of learning content.

Service providers include those offering digital credentialing and identity authentication solutions, among others.

Learning content | Supplementary skills includes providers of content libraries and customized courses focusing on learning and developing supplementary skills. Delivery styles are varied and include in-person or virtual classrooms, mobile learning, and micro-learning. A variety of technologies may be employed such as video-based learning, artificial intelligence-based (AI-based) and adaptive learning, augmented reality (AR), and virtual reality (VR).

Technologies bringing about a new reality

Extended Reality

Companies developing XR headsets and relevant sub-components (displays, sensors, and processors). Also includes complementary XR hardware (tracking devices, haptic vests, and gloves)

Companies offering engines that enable the development of AR/VR content, also includes companies offering capabilities to capture and create 3D images for immersive environments

Companies offering AR/VR solutions or toolkits for specific industry applications, including VR game developers

Companies offering location-based AR/VR experiences

Simplifying healthcare resourcing with technology

Healthcare Resourcing Platforms

Platforms that connect healthcare organizations with healthcare professionals, such as doctors, nurses, and other clinicians, to fill vacant spots for immediate shifts or temporary assignments

Companies that offer digital platforms automating the procurement process and inventory management of healthcare organizations, including hospitals, clinics, and skilled nursing facilities

Companies that offer integrated workflow solutions for healthcare providers (especially independent practitioners), including online booking, medical billing, and patient management

Companies that offer pharmacy management platforms catering to pharmacies (especially independent pharmacies) to efficiently manage their daily operations. The platforms leverage technologies like AI/ML and are cloud-based

Companies that offer a B2B service to healthcare organizations to train and educate healthcare professionals in specific roles by using various digital means

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

<div>
 Learning and talent experience firm, Cornerstone OnDemand has bought XR training platform Talespin. The companies have not revealed the acquisition price. With this purchase, Cornerstone can broaden its content subscription, curation, and creation inventory. Presently, Talespin’s educational content is accessible through Cornerstone’s Content Subscriptions platform, and can be incorporated into clients' learning solutions.
</div> Analyst QuickTake: 
 The XR sector has recorded three additional acquisitions in the quarter so far, including 1) <a href="https: 
//sp-edge.com/updates/26912"> VoxelSensors </a> ' acquisition of EyeWay’s IP portfolio to bolster eye-tracking capabilities, 2) the <a href="https: 
//sp-edge.com/updates/26695"> National Board of Medical Examiner </a> ’s acquisition of MedVR education to advance medical skills, and 3) <a href="https: 
//sp-edge.com/updates/26152"> CREEK &amp; River </a> ’s acquisition of Shiftall to gain exposure to the XR hardware market.

Cornerstone OnDemand acquires enterprise XR training platform Talespin to diversify service offerings

XR and MEP (Q1 2024): An Apple-backed XR spatial computing surge; Disney’s USD 1.5 billion fuels Fortnite expansion

Talespin offers XR-based training modules for enterprises in an end-to-end solution to create, distribute, and measure the impact of immersive learning

Cornerstone OnDemand

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