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Multiverse acquires US-based Searchlight

10 April 2024

Multiverse, a UK-based company focused on workplace training and recruitment announced it acquired Searchlight, a US-based talent platform.

Financial details were not disclosed.

Searchlight describes itself as a talent intelligence platform that uses AI to help companies close their skills gaps. It was founded in 2018 by twin sisters Anna and Kerry Wang after they both graduated from Stanford University with BS and MS degrees in Computer Science & Artificial Intelligence.

Multiverse said what first drew the group to Searchlight was the proprietary AI technology they had developed to assess both the skills that individuals have, and the skills that companies need.

“The technology that Searchlight brings will enable us to turbo-charge our ability to bring digital transformation to even more companies, of all sizes: giving people the right skills to be successful in their careers, and deliver value to their organisations,” Multiverse stated.

Co-Founder and CEO of Searchlight Kerry Wang, said, “We founded Searchlight to help companies build winning teams equitably and help individuals land meaningful work. From the moment I met the Multiverse team, it was clear that we share complementary goals and have been solving similar problems. By joining forces we can apply Searchlight’s tech and expertise at scale with some of the world’s largest companies, effectively becoming the workforce development platform of the future.”

Anna Wang, Co-Founder and CTO of Searchlight said, “Over the past six years, Searchlight has built custom data pipelines and proprietary, ethical AI models that understand talent holistically and predict the skills necessary for business success. Merging Searchlight’s existing AI and skills expertise with Multiverse’s rich data offers an unparalleled opportunity: together we will become the leader in leveraging AI for skills development.”

Searchlight said operationally, it will continue to service its customers for the duration of their contracts. It has reached out to all its customers to support in this transition.

“Our Searchlight team will be joining Multiverse to integrate our technology and accelerate Multiverse’s roadmap around AI and skills intelligence,” the company stated.

Kerry Wang is joining Multiverse as director of product and Anna Wang is joining as head of AI.

Founder and CEO of Multiverse, Euan Blair, said, “After meeting Anna and Kerry and digging into the Searchlight product, I was really excited at how they were using AI to spot patterns and identify skilling solutions both within and outside of the workforce. Most companies are on a journey of tech transformation and they want to do it in a way that is both equitable and effective. What often holds them back is the gap between the transformation they want to see, and the skills that will unlock it.”

Blair added, “Searchlight’s AI, platform, and exceptional talent will allow us to better diagnose the skills needed within companies and deliver impactful solutions. Combining our scale and world-class learning with Searchlight’s technology and team will ensure even more companies and individuals benefit.”

Multiverse, headquartered in London, said it works with more than 1,000 businesses including Microsoft, Citi and KPMG, “to close their critical skill gaps through a new kind of apprenticeship, harnessing the best of human-centered coaching, AI and tech to deliver an approach to learning that’s measured, applied, guided and equitable.”