SEATTLE — SeekOut has raised Series A funding of $6 million led by Madrona Venture Group, with participation from existing investor Mayfield.
As the world becomes increasingly digital, companies in every industry have an urgent need to find tech talent to thrive. SeekOut offers companies a competitive edge in hiring tech talent and to support their diversity goals. Launched in early 2018, the company has quickly gained ground with more than 75 enterprise customers spanning multiple industries, including technology, defense, finance, pharma, consumer packaged goods, food & beverage.
Tech talent is hard to find because developers, engineers, and scientists don’t bother to keep an updated profile on sites like LinkedIn. Even worse, these sites provide a very narrow view of a candidate’s skills and abilities. Recruiters who limit themselves to traditional talent pools miss out on millions of quality, untapped candidates. SeekOut significantly expands the talent pool available by scouring public data and using natural-language (NLP) and machine-learning (ML) technologies to understand the expertise of each candidate and build a complete 360-degree view of each potential employee.
SeekOut’s AI-powered search engine gives recruiters the tools to find the best fit matches in the talent pool. By automating the candidate search and understanding past hiring patterns, SeekOut makes every recruiter a search expert and simplifies the task of zeroing in on the right candidate.
“As a VC, every day I see the challenges teams face in hiring the best talent to realize their vision. Among the numerous investments being made in HR Tech, the SeekOut solution stood out for us as serving a critical need faced by every company, across industries,” said S. Somasegar, managing director, Madrona Venture Group. “As every company goes through the digital transformation, the need for technical talent is growing leaps and bounds. The SeekOut team deeply understands these challenges and has the expertise and drive to address them. I’ve been following the company for several years and am so impressed with their customer focus, innovative technology, and growth.” As part of the funding, S. Somasegar will join the SeekOut board.