Rallyteam
An internal mobility platform that enables companies to better understand and utilize their most valuable assets - their people.
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| Total Funding | 000k | ||
Rallyteam operated as a talent mobility platform, providing solutions for organizations to manage their on-demand and contingent workforce. The company was established in 2013 by co-founders Dan Clay Ellis, David Somers, and Huan Ho. Another source indicates a 2014 founding year. The firm's stated mission was to assist companies in developing, engaging, and retaining employees by matching their skills and interests with internal projects, jobs, and other opportunities.
The platform functioned as an internal talent marketplace, utilizing machine learning to connect employees with relevant projects, tasks, and even colleagues based on their skills, interests, and connections. This was designed to facilitate experiential learning and career growth within an organization. Key features included candidate sourcing and screening, applicant tracking, digital onboarding, performance feedback mechanisms, and invoice processing for freelance and temporary workers. For employees, the system could import skills from platforms like LinkedIn to intelligently match them with internal opportunities. The business model was primarily subscription-based, targeting medium to large-sized companies with a monthly per-user fee.
Based in San Francisco, Rallyteam participated in the Microsoft Ventures Accelerator program. The company secured a total of $8.6 million in funding over two rounds. A seed round took place in August 2015, followed by a Series A round in November 2017 that raised $8.6 million, co-led by Norwest Venture Partners and Storm Ventures, with participation from investors like Cornerstone OnDemand. In June 2018, Workday announced its acquisition of Rallyteam, including its technology and team, for an undisclosed amount. The acquisition was part of Workday's strategy to enhance its machine learning capabilities and integrate Rallyteam's talent marketplace functionalities into its human capital management products.
Keywords: internal mobility, talent mobility, contingent workforce management, employee engagement, talent marketplace, skills matching, experiential learning, employee retention, workforce optimization, HR technology, talent management software, machine learning, internal recruiting, employee development, project-based work, gig economy, human capital management, career development, professional growth, workforce agility