Total amount raised
$70.7 Millions
Latest funding date
4/1/2020
Location
Guru has successfully raised significant funding through multiple rounds, with notable investors such as Emergence Capital and Accel backing the company. The platform offers AI-powered enterprise search, intranet, and wiki solutions designed to centralize and streamline company information.
Keep reading to explore the intricacies of Guru's fundraising journey and the investors supporting this innovative platform.
What Is Guru?
Guru, founded in 2013 by Mitchell Stewart and Rick Nucci, is headquartered in Philadelphia, Pennsylvania. The company specializes in AI-powered enterprise search, intranet, and wiki solutions.
Guru's platform is designed to help teams capture, share, and organize knowledge efficiently, acting as a single source of truth within organizations. It integrates with various systems to provide real-time, context-aware information.
With a team of 101-250 employees, Guru continues to innovate in the knowledge management space, making it easier for companies to access and utilize their information.
How Much Funding Has Guru Raised?
- Series C
- Amount Raised: $30M
- Date: April 2020
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and business reach, driven by the increased need for remote work solutions due to the COVID-19 pandemic.
- Series B
- Amount Raised: $25M
- Date: December 2018
- Lead Investors: Thrive Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enhance product features to meet growing customer demands.
- Series A
- Amount Raised: $9.3M
- Date: September 2017
- Lead Investors: Emergence Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand the customer base.
- Seed Round
- Amount Raised: $1M
- Date: June 2016
- Lead Investors: FirstMark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage product development and initial market entry.
- Seed Round
- Amount Raised: $2.7M
- Date: September 2015
- Lead Investors: FirstMark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and prepare for a broader market launch.
- Venture Round
- Amount Raised: $2.7M
- Date: January 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and begin initial product development.
Guru has raised a total of $70.7M. The current valuation is not publicly disclosed.
Key Investors
- Accel
- Details: Accel is a leading global venture capital firm that partners with exceptional founders from inception through all phases of growth. They have a strong track record of investing in technology companies.
- Investment Focus Areas: Technology, SaaS, AI, productivity apps.
- Notable Investments: Facebook, Dropbox, Slack.
- Emergence Capital
- Details: Emergence Capital is a venture capital firm that focuses on early and growth-stage enterprise cloud companies. They aim to transform the way people work.
- Investment Focus Areas: Enterprise cloud companies, SaaS, technology.
- Notable Investments: Salesforce, Zoom, Veeva Systems.
- Thrive Capital
- Details: Thrive Capital is a venture capital investment firm that focuses on building and investing in internet, software, and technology-enabled companies. They are known for their long-term growth strategy.
- Investment Focus Areas: Internet, software, technology-enabled companies.
- Notable Investments: Instagram, Stripe, GitHub.
- FirstMark Capital
- Details: FirstMark Capital is a venture capital firm that invests in early-stage technology companies. They have a strong focus on supporting innovative startups.
- Investment Focus Areas: Technology, SaaS, consumer internet.
- Notable Investments: Pinterest, Shopify, Riot Games.
- Slack
- Details: Slack is a business communication platform that offers various collaboration features, including chat rooms, private groups, and direct messaging. They have also made strategic investments in companies that complement their platform.
- Investment Focus Areas: Collaboration tools, productivity software.
- Notable Investments: Primarily known as a product company, Slack has invested in companies like Guru to enhance its platform.
What's Next for Guru?
As the demand for remote work solutions continues to rise, Guru is poised to capitalize on this trend by expanding its AI-powered platform to enhance sales, support, and customer success teams. The recent $30 million Series C funding will enable Guru to broaden its market reach and integrate with more productivity apps, addressing the evolving needs of companies transitioning to remote work.
Future fundraising opportunities seem promising, given the successful Series C round and the involvement of high-profile investors like Accel and Slack. However, Guru will need to navigate challenges such as competition from other knowledge management tools and maintaining service quality while scaling operations. The company's growth trajectory and technological advancements could also make it an attractive acquisition target for larger tech firms.
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