AI powered Talent 360 Platform provider SeekOut raises $115 Million in Series C funding

SeekOut, a Seattle based Artificial Intelligence-powered Talent 360 Platform, has now secured $115 million in a Series C funding round.

SeekOut was founded by Anoop Gupta. It is an AI-powered talent 360 platform for enterprise talent optimization that enables companies to quickly hire, grow and retain talent while focusing on diversity, technical expertise, and some other hard-to-find skillsets.

Matthew Merker, Research Manager, Talent Acquisition and Strategy at IDC, said, "The Great Resignation remains top of mind for both employees and employers as we enter 2022. 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."

Anoop Gupta, Co-Founder, and CEO at SeekOut, said, "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. 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."

The round, which valued SeekOut at more than $1.2 billion in four years, was backed by Tiger Global Management with participation from Founders Circle Capital and some other major existing investors, which includes Mayfield and Madrona Venture Group.

The AI startup intends to invest in talent acquisition, and power new solutions for internal mobility, employee retention, career pathing, and learning and development, notes the announcement.