Leading technology platform Gloo officially went public and began trading the morning of Wednesday, Nov. 19. Gloo CEO and cofounder Scott Beck joined ChurchLeaders for an interview to discuss how going public will empower Gloo in its mission to “release the collective might of the faith ecosystem.”
Before diving into the interview, Beck gave ChurchLeaders an overview of what is on Gloo’s horizon at present. What is exciting about the company’s mission “is that it is a very big market,” he said. “A lot of people just think of it as churches, but it’s much broader than churches.” The market includes churches, ministries, and “all sorts of other not-for-profits and for-profit organizations that are serving what is over a $250 billion-a-year ecosystem.”
“If you look at just the faith-based donated capital alone, when you look at the broader ecosystem, there’s over $1 trillion of economic activity,” he added.
“Us becoming a public company allows us to access capital,” said Beck. “Just like we say we can use advanced tech as a force for good, now we also have the ability to have capital as a force for good…those are both major multipliers, one to the other.”
To meet the needs of this “giant market,” Gloo has created a platform that is “purpose-built with products and services that really provide those frontline organizations unique engagement tools and capabilities.” The end goal is to help churches and other ministry organizations in their service to others, Beck said, pointing out the work that church leaders do to help people in a variety of areas, including addiction recovery, finances, relationships, vocations, and spiritual life.
“We’ve advanced [the platform] a lot from an AI standpoint,” said Beck. “Gloo is really optimized for growth and impact. We’re really creating a self-reinforcing loop with very viable, strong economic models.”
“And the more ministries that we serve,” he said, “the better the capabilities are, the lower the costs,” all of which “gives us the ability to serve more.”
“Part of what we’re doing is really harnessing the power of AI for this ecosystem as well,” he explained. “We’ve got over 700 publishers now that we’re working with on aggregating their content, helping them with enhancing their content with AI, increasing their distribution.”
“But also,” said Beck, “[we want] to get a good core corpus of content so that we can make sure that the AI that we’re working with and we’re delivering to the ecosystem is values-based.”
Developing technology within a biblical framework has been a key focus of Gloo’s. For the past three years, the company has hosted an AI hackathon in Boulder, Colorado, where participants are encouraged to use AI to create solutions that honor God and promote human flourishing.
RELATED: ‘Hacking for Human Flourishing’—Nearly 700 Attend Gloo’s 3rd AI Hackathon
Gloo CEO Scott Beck joined ChurchLeaders for an interview to discuss how going public will empower the company in its mission. Click to Post
