Vendor Analysis
published on May 21, 2021
Report Overview:
This NelsonHall vendor assessment analyzes Globality's offerings and capabilities in Procurement Transformation.
Who is this Report for:
NelsonHall’s procurement transformation profile on Globality is a comprehensive assessment of Globality’s offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of procurement transformation services and identifying vendor suitability for procurement services RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the F&A and Supply Chain services sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Globality’s procurement offerings and capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, weaknesses, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base, including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Analysis of the company’s delivery organization, including the location of delivery locations.
Key Findings & Highlights:
Globality is a Silicon Valley-headquartered sourcing and procurement PaaS company founded in March 2015 by Joel Hyatt and Lior Delgo. As of April 2021, Globality has raised a total of $310m in funding from 23 investors over five rounds:
- Series D, in January 2019, was for $110m, raised from the SoftBank Vision Fund
- Series E, closed in January 2021, brought in $138m, raised from Sienna Capital, a wholly owned subsidiary of Groupe Bruxelles Lambert (GBL), and the SoftBank Vision Fund.
In its first few years, Globality's main focus was training AI models for procurement of an extensive range of services categories. Globality's sourcing platform, which leverages AI, ML, and NLP, supports strategic sourcing of services for high-value spend including professional services, marketing, IT, HR, and legal services.