Cornerstone OnDemand

About

Cornerstone OnDemand offers talent management software that helps organizations in recruiting, training, and managing their people.

Santa Monica,California,United States
1001 - 5000
http://www.cornerstoneondemand.com

Highlights

Details

Last Funding Type: Post-IPO Equity
Last Funding Money Raised: $300M
Industries: E-Learning,Employment,Enterprise Software,Human Resources,SaaS,Training
Founded date: Jan 1, 1999
Number Of Employee: 1001 - 5000
Operating Status: Active
Stock Symbol: nasdaq:CSOD
Legal Name: Cornerstone OnDemand Inc.
Also Known As: Cornerstone

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.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

5

$481.20M

Cornerstone OnDemand has raised a total of $481.20M in funding over 2 rounds. Their latest funding was raised on Nov 8, 2017 from a Post-IPO Equity round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Nov 8, 2017	Post-IPO Equity	$300M	2	Silver Lake	—	Detail
Mar 23, 2011	Post-IPO Equity	—	1	—	—	Detail
Mar 17, 2011	IPO	$136.50M	—	—	—	Detail
Mar 13, 2009	Series E	$12.70M	4	Meritech Capital Partners	—	Detail
Sep 17, 2007	Series D	$32M	2	Bay Partners Bessemer Venture Partners	—	Detail

Investments

Number of Investments

Number of Lead Investments

15

1

Cornerstone OnDemand has made 15 investments. Their most recent investment was on Oct 12, 2022, when Cleardekho raised $5M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Oct 12, 2022 Cleardekho	Series A	$5M	Eyewear	—
Mar 3, 2020 Talespin	Series B	$15M	Artificial Intelligence	Yes
Jan 23, 2020 Ubeya	Series A	$3.50M	Apps	—
Jul 19, 2019 Ready, Set, Food!	Pre-seed	$2.20M	E-Commerce	—
Nov 2, 2017 Rallyteam	Series A	$8.60M	Crowdsourcing	—

Investors

Number of Lead Investors

Number of Investors

4

6

Cornerstone OnDemand is funded by 6 investors. Silver Lake and Meritech Capital Partners are the most recent investors.

Investor Name	Lead Investor	Funding Round
Silver Lake	Yes	Post-IPO Equity
Meritech Capital Partners	Yes	Series E
LinkedIn	—	Post-IPO Equity
ff Venture Capital	—	Post-IPO Equity
Bay Partners	—	Series E
Bessemer Venture Partners	—	Series E

Employee Profiles

Number of Employee Profiles

32

Cornerstone OnDemand has 32 current employee profiles, including Board member Robert Cavanaugh

Board member

Employee

Executive

Executive

Employee

Exits

Cornerstone OnDemand has had 4 exits. Cornerstone OnDemand most notable exits include Comparably , Portfolium

Date	Company Name	Exit Type	Industry
May 2, 2022	Comparably	M&A	Internet	Detail
Feb 19, 2019	Portfolium	M&A	College Recruiting	Detail
Sep 12, 2018	Workpop	M&A	Internet	Detail
Jun 8, 2018	Rallyteam	M&A	Crowdsourcing	Detail

Acquisition

Cornerstone OnDemand has acquired 8 organizations. Their most recent acquisition was Sonar6 on Mar 8, 2012. They acquired Sonar6 for 0.

Date Company Name	Industry	Acquisition Type	Price
Mar 8, 2012 Sonar6	Career Planning	—	—	Detail
Oct 7, 2014 Evolv	Analytics	acquisition	$ 44.50M	Detail
Sep 12, 2018 Workpop	Internet	acquisition	—	Detail
Nov 7, 2018 Grovo	EdTech	acquisition	—	Detail
Jan 16, 2020 Clustree	Artificial Intelligence	acquisition	—	Detail