SeekOut, the AI-powered Talent 360 platform, today announced $65 million in Series B funding led by Tiger Global Management, with participation from existing investors Madrona Venture Group and Mayfield. This capital raise brings SeekOut’s total funding to $73 million and reflects 10X growth in the 21 months since the company’s Series A round, while still being profitable. This funding round values SeekOut at close to half a billion dollars.
SeekOut’s hyper-growth has been driven by the critical role it plays in empowering talent acquisition teams to recruit hard-to-find and diverse talent. SeekOut has consistently received high scores and strong reviews in analyst and customer assessments. SeekOut is rated #1 in diversity recruiting software by G2. This recognition comes as top companies across key industries from technology to pharmaceutical to aerospace and banking – have adopted SeekOut. 6 out of the 10 most highly valued companies in the US rely on SeekOut for their talent needs.
“Talent acquisition professionals and hiring managers are looking to go beyond the outdated resume when they do a candidate search. They are seeking a deeper and broader view of skills, experiences, and diversity,” says Lisa Rowan, VP HR, talent, and learning research for IDC. “SeekOut’s Talent 360 solution offers a compelling set of capabilities that is supporting hiring organizations with a fresh, modern approach to candidate search.”
“Companies must continuously optimize their recruiting processes and strategies to compete in today’s hyper-competitive market. SeekOut provides talent acquisition professionals with a comprehensive 360-degree view of candidates based on numerous data sources and inferred properties. 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. Our customers and partners are our inspiration, through the insights, challenges, and opportunities they provide us every day,” said Anoop Gupta, Co-founder and CEO at SeekOut.
With this Series B funding, SeekOut will continue to innovate and build the team to deliver more value to our customers. SeekOut will expand its Talent 360 platform to encompass internal and external talent – helping companies better retain employees, enable development & growth through internal mobility, and improve diversity and inclusion efforts. SeekOut will also invest in sales, marketing, and customer success to reach new customers.
“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. From day one, SeekOut’s innovative AI-powered search, global power filters, diversity filters, and talent pool insights have been critical components of Aviatrix’s global growth plan. 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,” said Mario Linares, Head of Talent Acquisition at Aviatrix.
“People are the most important asset for any company. SeekOut’s Talent 360 platform fundamentally transforms how companies get a deeper 360-degree understanding of talent to achieve success in this era of digital transformation. Just as Customer 360 is transforming the world of Marketing and Sales, we believe the Talent 360 approach will transform the world of HR,” said John Curtius, Partner at Tiger Global. “We are impressed by the customer love and traction SeekOut is experiencing, and we are delighted to be partnering with them on this exciting journey.”
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