- SeekOut recently announced it raised $115 million in Series C funding at a $1.2 billion valuation. These are the details.
SeekOut — an AI-powered Talent 360 platform — recently announced that it has raised a $115 million Series C investment round led by Tiger Global Management. This funding round values SeekOut at over $1.2 billion in just four years, reflecting a 2.6x increase in valuation since its Series B in March 2021. This news comes on the heels of the business increasing ARR by more than 3x in the past year. Plus it includes additional participation from Founders Circle Capital and other major existing investors including Madrona Venture Group and Mayfield.
In the past year, SeekOut has doubled its customer count to more than 1,000 enterprises, including six of the 10 most highly valued U.S. companies that leverage the platform for their talent needs.
SeekOut is known as the leading data-rich AI talent search engine that provides companies with untapped talent pools, diversity strategy and sourcing, data-driven recruiting solutions, and more. These capabilities are helping companies look to the future and address the massive shift in the workforce landscape.
KEY QUOTES:
“Today, most enterprises are flying blind when it comes to building and maintaining their workforces. Data is everywhere in the enterprise except where you need it most, informing the decisions about the people you need and the people you have. With this financing round, we’ll be investing deeply in innovations that extend our leadership position in talent acquisition, and power new solutions for internal mobility, employee retention, career pathing, and learning and development.”
— Anoop Gupta, Co-Founder and CEO at SeekOut
“The Great Resignation remains top of mind for both employees and employers as we enter 2022. The way employees look for work opportunities has fundamentally changed, and employers need to rethink how they find new talent and retain existing talent. SeekOut’s data-driven Talent 360 platform offers organizations an advanced set of capabilities that help ease this transition and redefine enterprise talent optimization moving forward.”
— Matthew Merker, Research Manager, Talent Acquisition and Strategy at IDC
“It’s an exciting time to be in the people technology space as there’s a clear shift in the way companies are thinking about hiring and retaining talent. SeekOut is at the forefront of this change, delivering a best-in-class solution for talent optimization that enables businesses to hire, grow and retain their workforce like never before. We are excited to partner with them as they continue to reshape the industry and provide companies with data, insights, and actions that drive results.”
— John Curtius, Partner at Tiger Global Management
