SEATTLE–SeekOut, the AI-powered Talent 360 platform, has just raised a $115 million Series C investment round led by Tiger Global Management. The round values the company at more than $1.2 billion in just four years, reflecting a 2.6x increase in valuation since its Series B in March 2021. The news comes on the heels of the business increasing ARR by more than 3x in the past year.
It includes additional participation from Founders Circle Capital, and other major existing investors including Madrona Venture Group and Mayfield.
Over 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. G2 has recognized the company as the number one Talent Intelligence Software and as the leader for Enterprise Diversity Recruiting software.
SeekOut is 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.
“The Great Resignation remains top of mind for both employees and employers as we enter 2022,” said Matthew Merker, Research Manager, Talent Acquisition and Strategy at IDC. “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.”
Despite the rapidly evolving workforce, companies have had to rely on siloed tools that utilize partial talent information instead of a holistic system that looks at the richest data and provides dynamic insights. By maximizing employee potential – both in candidate pipelines and already within the organization – enterprises can be uniquely positioned to realize unprecedented innovation and growth.
“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,” said Anoop Gupta, Co-Founder and CEO at SeekOut. “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.”
“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,” said John Curtius, Partner at Tiger Global Management. “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.”
SeekOut is currently hiring for sales, marketing, customer success, product, and engineering roles. For more information, visit seekout.com/company/careers/.