Tech company Multiverse acquired Searchlight, a talent intelligence and skills assessment platform that uses AI to help companies close their skills gaps. The company announced the acquisition on April 8, 2024. However, it did not announce the amount of the acquisition
Purpose of the acquisition by Multiverse
The application of generative AI and machine learning at Multiverse will accelerate because to the combination of Searchlight’s technology and talent. Through programs that are directly matched to the business goals of customers, Multiverse will be better able to discover, assess, and fix skills gaps within businesses thanks to Searchlight’s custom-built and bias-free AI engine. After purchasing another Y Combinator business, Eduflow, in May 2023, the company made its second acquisition, Searchlight.
The Searchlight team will work with Multiverse to drive AI ambitions and lead the company’s talent intelligence technology integration into Multiverse’s platform. Kerry Wang, CEO of Searchlight, will take on the role of Director of Product. Anna Wang, CTO of Searchlight, will take over as Head of AI.
What the Searchlight official has to add
Co-Founder and CEO of Searchlight, Kerry Wang, said, “We founded Searchlight to help companies build winning teams equitably and help individuals land meaningful work. From the moment I met the Multiverse team, it was clear that we share complementary goals and have been solving similar problems. By joining forces, we can apply Searchlight’s tech and expertise to some of the world’s largest companies, effectively becoming the workforce development platform of the future.”
Co-Founder and CTO of Searchlight, Anna Wang, said, “Over the past six years, Searchlight has built custom data pipelines and proprietary, ethical AI models that understand talent holistically and predict the skills necessary for business success. Merging Searchlight’s existing AI and skills expertise with Multiverse’s rich data offers an unparalleled opportunity: together, we will become the leader in leveraging AI for skills development.”
What the Multiverse official has to comment
Founder and CEO of Multiverse, Euan Blair, said, “After meeting Anna and Kerry and digging into the Searchlight product, I was excited at how they were using AI to spot patterns and identify skilling solutions both within and outside of the workforce. Most companies are on a journey of tech transformation and they want to do it in a way that is both equitable and effective. What often holds them back is the gap between the transformation they want to see and the skills that will unlock it. Searchlight’s AI, platform, and exceptional talent will allow us to better diagnose the skills needed within companies and deliver impactful solutions. Combining our scale and world-class learning with Searchlight’s technology and team will ensure even more companies and individuals benefit.”
About Multiverse
Multiverse is a brand-new, tech-first organization that blends employment and education to provide fair access to economic opportunities for all. By utilizing the greatest aspects of human-centred coaching, artificial intelligence, and technology, Multiverse bridges the essential skill gaps by providing a new type of apprenticeship that is measurable, applied, directed, and fair.
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