Thursday, August 27, 2015
Cornerstone OnDemand Invests In Four Companies
Santa Monica-based Cornerstone OnDemand, the developer of cloud-based, talent management software, said this morning that it has made investments in four companies, from the Cornerstone Innovation Fund. The investments went to One Month, which offers online entrepreneurship classes; Rallyteam, an employee talent networking platform; Strive, which is developing tools to help source qualified software developers; and Workpop, a developer of software to help match employers and job candidates. Cornerstone OnDemand said the investments are first out of its new, strategic venture arm, which will invest in the next generation of cloud startups. The company said that fund will invest in early to growth stage companies in the areas of talent management, and who have a potential to extend its ecosystem. Size of the investments in each company were not announced.