Summary –
- UK-based Multiverse has acquired Searchlight, a leading AI talent software company, to address skills gaps in the modern workforce. The strategic merger aims to integrate AI technology and talent intelligence solutions, fostering equitable workforce development and meaningful employment opportunities.
- Kerry Wang, CEO of Searchlight, will assume Director of Products at Multiverse, while Anna Wang will lead AI initiatives. The acquisition marks Multiverse’s second strategic acquisition since Eduflow.
Introduction : Multiverse Acquires AI Talent Software Company Searchlight to Bridge Skills Gaps
In a significant move within the tech industry, UK-based Multiverse has announced its acquisition of Searchlight, a leading AI talent software company. This strategic merger aims to address the pressing issue of skills gaps in businesses by leveraging innovative technology and expertise.
Multiverse is renowned for its unique approach to combining work and learning, aimed at providing equal access to economic opportunities. The company’s vision involves closing critical skill gaps through a distinctive apprenticeship model that integrates human-centered coaching, AI, and technology, ensuring learning is measured, applied, guided, and equitable.
Having established partnerships with over 1,000 organizations, Multiverse specializes in delivering training programs focused on data analytics and software engineering. Notably, the company made headlines in June 2022 with a substantial $220 million Series D funding round, propelling its post-money valuation to $1.7 billion and solidifying its position as the UK’s premier edtech unicorn.
Searchlight, headquartered in California and founded in 2018, is recognized for its talent intelligence platform powered by ethical AI. The platform is designed to facilitate the formation of high-performing teams by utilizing bias-free algorithms to identify top applicants, assess candidates, and validate hiring decisions. Moreover, Searchlight’s innovative learning loop leverages employee outcome data to continually enhance the quality of hires, making each successive recruitment more aligned with organizational goals.
With this acquisition, Multiverse aims to expedite the integration of Searchlight’s cutting-edge technology into its platform, thereby accelerating the adoption of generative AI and machine learning solutions. Kerry Wang, CEO of Searchlight, is set to assume the role of Director of Products at Multiverse, while Anna Wang, Searchlight’s CTO, will lead Multiverse’s AI initiatives as the Head of AI.
Expressing enthusiasm about the merger, Kerry Wang emphasized the shared goals between Searchlight and Multiverse, highlighting their mutual commitment to fostering equitable workforce development and facilitating meaningful employment opportunities.
Euan Blair, Founder and CEO of Multiverse, echoed this sentiment, praising Searchlight’s AI capabilities in identifying skill patterns and offering tailored solutions to address workforce challenges. Blair emphasized the importance of closing the gap between technological transformation aspirations and the requisite skills, citing Searchlight’s technology and talent as instrumental in bridging this divide.
The financial details of the acquisition have not been disclosed, marking Searchlight as Multiverse’s second strategic acquisition following its purchase of Eduflow in May 2023.
For more such content, follow: Analytics Jobs
Conclusion
Multiverse’s acquisition of Searchlight represents a significant step towards addressing skills gaps in the modern workforce. By integrating cutting-edge AI technology and talent intelligence solutions, Multiverse aims to empower organizations with the tools needed to thrive in an increasingly competitive landscape.
