The Marin County job market got a boost Monday when Glassdoor revealed it has secured $50 million in financing from investors. The cash infusion will allow the company to expand its reach to more global markets, but will also lead to new hires as the firm brings on staff to handle an expanded workload. Based in Sausalito, Glassdoor operates a website that gives workers a forum to evaluate employers. The new round of capital lends credence to the company’s business model, considering the company had only raised a total of $42 million in investments since opening up shop in 2008.
Glassdoor CEO Robert Hohman noted in a press conference that the website is working very well in the US, so the focus for new capital will be to expand Glassdoor’s presence in Asia and Europe. But while the company may be shifting focus to overseas markets, there are currently no plans to open offices outside of Sausalito, and the company is looking to add about 100 new positions to its existing workforce of 200. Among the positions the company will need to fill in the coming months are software engineer, sales and marketing positions.