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Money + Investments

SeekOut Finds its Unicorn, Lands $115m C Round

RNN News Update

January 12, 2022

Money + Investments

SeekOut Finds its Unicorn, Lands $115m C Round

RNN News Update

January 12, 2022

SeekOut, a Bellevue, Washington based AI sourcing and engagement suite, has announced a $115 million Series C-Round.

The company was founded by a group of Microsoft alum: co-founder Anoop Gupta who served as technical assistant to Bill Gates, CTO Aravind Bala, a former MSFT partner engineering manager who worked on products including Bing and Office, and Vikas Manocha, and John Tippett. According to Gupta, SeekOut now has about 120 employees and plans to hit 250 to 300 in a year. The company had around 50 employees at the time of its $65 million Series B round in March. Considering the difficulties in staffing the U.S. is seeing, the company will need to make solid use of its own technology to maintain that hiring pace.

Tiger Global Management led the Series C round. It also led the Series B round. Other investors include Madrona Venture Group, and Mayfield.

In a statement, Gupta said: “We feel that too many enterprises are flying blind when it comes to building and maintaining their workforces. They don’t have the tools and resources to understand who they have, what employees did in the past, what they can do now, what their potential is to succeed — a lot of the data is siloed and just captured in systems of record.”

In his analysis of the deal on WorkTech, George LaRocque noted: "As we look at the slate of candidate sourcing and engagement platforms, it seems most are on a path to ultimately compete with the talent, ATS, and CRM platforms they rely on as partners today. It will be interesting to see if that’s ultimately SeekOut’s trajectory."

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Funding round positions company to develop broader offerings and potentially to compete with the ATS and CRM market
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