CORNERSTONE ONDEMAND Announces Innovation Fund, First Investments

Santa Monica-based Cornerstone OnDemand today announced the first series of investments made through the Cornerstone Innovation Fund, the company’s strategic venture arm focused on investing in and collaborating with the next generation of cloud startups. The companies in the first series of investments include One Month, Rallyteam, Strive, and Workpop.

“The strategic investments we are making through the Cornerstone Innovation Fund represent our commitment to fostering the development of the next generation of cloud products for the enterprise,” said Adam Miller, founder and CEO of Cornerstone OnDemand. “Working with these promising young companies allows us to extend our ecosystem into new areas, while also giving our internal team exposure to some of the great innovation taking place around us.”

The Cornerstone Innovation Fund invests in early to growth stage companies that have been identified for their transformative ideas in and around talent management and have the potential to extend Cornerstone’s ecosystem. As a strategic partner, Cornerstone provides companies with mentorship, distribution, and resources to support the development of their growing businesses.

“In addition to the Fund, the Cornerstone Accelerator gives our portfolio companies immediate access to Cornerstone’s experienced team, space to work and ongoing mentorship to help them reach the next stage of their lifecycle,” said Jason Corsello, Vice President, Corporate Strategy and Development at Cornerstone OnDemand. “The Los Angeles tech community is growing, and we’re here to foster its success and provide support to entrepreneurs who choose to found their business here.”

One Month, the first-ever online school for entrepreneurship, offers a variety of courses designed to help entrepreneurs quickly learn a new skill or software tool – such as Ruby, Python and Swift – within 30 days.

Rallyteam intelligently matches employees to projects, tasks, ideas and people, enabling teams to quickly self-organize and companies to respond faster to change.

Strive automates the technical hiring process so companies can source qualified software developers, test their coding skills, and hire more effectively.

Workpop connects service economy employers and candidates in a robust community to make the hiring process easier, friendlier and more fun.

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Scott Perry -- LA Tech Digest founder

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