In a significant move, Multiverse, a prominent UK tech firm, has acquired Searchlight, an AI talent software company, aiming to address skill gaps in businesses.
Multiverse’s innovative approach blends work and learning to democratize economic opportunities, tackling skill shortages through pioneering apprenticeships that leverage human-centered coaching, AI, and technology.
With over 1,000 organizational partnerships, Multiverse specializes in providing data analytics and software engineering training, solidifying its position as a leader in the industry.
Backed by a substantial $220 million Series D funding round in June 2022, Multiverse earned the prestigious title of the UK’s inaugural edtech unicorn.
Searchlight, headquartered in California and established in 2018, boasts a reputation for its talent intelligence platform, which harnesses ethical AI to assemble high-performing teams. Its unbiased AI technology streamlines candidate selection processes, ensuring optimal matches for organizations.
The integration of Searchlight’s technology and talent into Multiverse’s ecosystem is poised to expedite the adoption of generative AI and machine learning strategies.
Kerry Wang, Searchlight’s CEO, expressed enthusiasm about the merger, envisioning expanded opportunities to revolutionize workforce development on a global scale.
Euan Blair, Founder and CEO of Multiverse, emphasized the synergy between the two companies, highlighting the potential to bridge the gap between technological aspirations and practical skill sets.
The acquisition, marking Multiverse’s second strategic purchase following the acquisition of Eduflow, underscores the company’s commitment to innovation and growth in the edtech landscape. Financial details of the transaction remain undisclosed.
