AI – Talent search engine SeekOut reports: Customer base doubled

AI – Talent search engine SeekOut reports: Customer base doubled

San Francisco, 1/29/2022

AI talent search engine SeekOut is now a unicorn after a $115 million investment round led by Tiger Global Management. The Bellevue-based recruiting firm is now valued at more than $1.2 billion, a 2.6-fold increase since its $65 million Series B round in March.

Founded in 2016 by former Microsoft executives and engineers, SeekOut uses machine learning and natural language to crawl the Internet and build profiles of potential employees based on publicly available data.

Its database contains more than 700 million profiles of candidates whose information comes from GitHub, research papers, patents, Kaggle, LinkedIn and other sources.

According to the Washington-based company, revenue has grown 300%, its customer base has doubled, and its gross revenue return (ARR) has tripled in the last year to between $25 million and $50 million.

Globally, the recruitment market is expected to exceed $770 billion in 2022.