Seekout? More like Cash in!
Seekout has announced a new round of funding, this time to the tune of $65 million in Series B funding led by Tiger Global Management, with participation from existing investors Madrona Venture Group and Mayfield. This raise brings the Redmond, WA-based startup total funding since it launched in 2017 to $73 million.
This funding round values SeekOut at close to half a billion dollars. (Unicorn alert!) Now billing itself as an AI-powered Talent 360 platform, Seekout says 6 out of the 10 most highly valued companies in the US use their services. Said Seekout CEO and founder, Anoop Gupta, who’s also a former disciple of Bill Gates when he worked at Microsoft, “Our intuitive and powerful AI talent search engine with deep talent analytics and engagement capabilities empowers recruiting and sourcing experts to hire the best fit candidates fast.”
The company says it will continue to innovate and build its team to deliver more value to customers, as well as expand its Talent 360 platform to encompass internal and external talent – helping companies better retain employees, enable development and growth through internal mobility, and improve diversity and inclusion efforts. SeekOut will also invest in sales, marketing, and customer success to reach new customers.
Diversity recruiting is a somewhat of a new theme for Seekout, making it a focal point in the news release. Said Mario Linares, Head of TA at Aviatrix, ““Right now, the realization of bringing together diverse global top talent is critical to the success of every software company and the competition for diverse talent is fiercer than ever,” then added, “SeekOut enables Aviatrix to efficiently and intelligently recruit and hire a world-class diverse team, helping us maintain our focus on hiring quality over quantity.”