The funding has increased SeekOut's valuation to $1.2 billion
Bellevue, Washington-headquartered SeekOut, the AI-powered Talent 360 platform, has secured $115 million in its latest funding round. The Series C was led by Tiger Global Management with participation from Circle Capital, Madrona Venture Group and Mayfield.
The Series C round has propelled SeekOut's valuation to above $1.2 billion. This is a great development for the company that comes as a follow up to the news of its business increasing ARR by more than three times since last year.
“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.”
SeekOut had a trailblazing 2021, where it doubled its customer count to over 1,000 enterprises. Moreover, G2 recognized the company as the number one Talent Intelligence Software and as the leader for Enterprise Diversity Recruiting Software.