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Cornerstone OnDemand Clears $32 Million Funding

Tuesday, September 18, 2007 5:00:00 AM PDT | VentureDeal Staff
SANTA MONICA, CA -- IT company Cornerstone OnDemand, Inc. said that it has successfully raised $32 million in series D venture capital.

Cornerstone has built a talent management platform for employee learning and development, performance management and compliance & compensation management.

Investors in the round were Bessemer Venture Partners and Bay Partner who co-led the round.  The funding proceeds will be used to expand sales and marketing and continue product development efforts.

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