SeekOut, a provider of AI-powered platform for recruiting hard-to-find talent, has raised a $115 million Series C funding round led by Tiger Global Management. The latest round values the six-year-old startup at more than $1.2 billion in just four years, almost tripling its valuation since its Series B in March 2021.
In a blog post, SeekOut CEO and Co-Founder Anoop Gupta said: ” I’m pleased to announce SeekOut raised $115 million in Series C funding, which brings our valuation to $1.2 billion in four years. Tiger Global Management led this round, along with additional participation from Founders Circle Capital, 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.
Founded in 2016 by CEO Anoop Gupta, Aravind Bala, John Tippett, and Vikas Manocha, the Seattle, Washington-based SeekOut is the next generation AI sourcing solution, enabling TA teams to recruit hard-to-find and diverse talent faster. SeekOut is also 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.”