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Cornerstone OnDemand Raises $300M From Silver Lake

socalTECH

Santa Monica-based enterprise software developer Cornerstone OnDemand has raised $300M in a strategic investment from private equity investor Silver Lake, according to the company. In conjunction with the investment, publicly held Cornerstone OnDemand said it will launch a $100M share repurchase program. READ MORE>>.

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Cornerstone OnDemand Backs Rallyteam, Founded By Former VP

socalTECH

Los Angeles-based Cornerstone OnDemand is one of the investors in a new startup, Rallyteam , whic is developing software to help match their employees to skills, experiences, and interests. Rallyteam's CEO is David Somers, who previously was VP of Global Alliances and Strategic Initiatives at Cornerstone OnDemand.

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Midas List: Cornerstone OnDemand, Green Dot Help VCs

socalTECH

However, two, Southern California firms drove the inclusion of two other, venture capital investors on the list--Miachel Moritz of Sequoia Capital (for his investment in Monrovia-based Green Dot ), and Byron Deeter of Bessemer Venture Partners (for his investment in Los Angeles-based Cornerstone OnDemand ).

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Cornerstone OnDemand Invests In Four Companies

socalTECH

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.

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Cornerstone OnDemand Launches Incubator & Innovation Fund

Tech Zulu Event

Los Angeles-based cloud-based talent management software solutions firm with over 13 million users, Cornerstone OnDemand has launched Cornerstone Innovation Fund , to invest in disruptive LA-based cloud startups building cutting-edge solutions for organizations. Applications to the fund are now open and available online here.

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Understanding What’s Going on in #LATech

Both Sides of the Table

Upfront Ventures was created 20 years ago as one of the original VC funds in Los Angeles. 10 years ago we found ourselves trying to persuade LPs and VCs that it was worth spending more time getting to know the LA market and now the most common refrain that I hear from them is “there really is something going on in LA.”

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Clovers Connects With $15M For Recruiting Software

socalTECH

The company's founders include serial entrepreneurs Adam Miller, founder & former CEO of Cornerstone OnDemand, and Jason Nazar, Co-Founder & CEO of Comparably, along with Doug Leonard and Cihan Ucar. The company is being led by CEO Doug Leonard.