Total amount raised
$446.5 Millions
Latest funding date
6/1/2024
Location
Seismic has successfully raised significant funding over multiple rounds, establishing itself as a leader in AI-powered enablement solutions. The platform offers a unified AI-powered system that equips customer-facing teams with the tools and insights needed to maximize every buyer interaction.
Keep reading to explore the intricacies of Seismic's fundraising journey and the investors backing this innovative platform.
What Is Seismic?
Seismic, founded in 2010, is headquartered in San Diego, California. The company specializes in AI-powered enablement solutions, providing tools and insights to customer-facing teams.
Founded by Douglas Winter, Ed Calnan, Fred Xie, Marc Romano, and Nasser Barghouti, Seismic has grown significantly since its inception. The platform is designed to maximize buyer interactions and strengthen client relationships.
With a workforce of 1001-5000 employees, Seismic continues to lead the market in sales enablement, offering a comprehensive suite of features to drive business growth.
How Much Funding Has Seismic Raised?
- Series A
- Amount Raised: $4.5M
- Date: August 2013
- Lead Investors: Jackson Square Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and expand the team.
- Series B
- Amount Raised: $20M
- Date: January 2015
- Lead Investors: JMI Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Series C
- Amount Raised: $40M
- Date: May 2016
- Lead Investors: General Atlantic
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate market expansion and product development.
- Series D
- Amount Raised: $20M
- Date: November 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international growth and new product launches.
- Series E
- Amount Raised: $100M
- Date: December 2018
- Lead Investors: Lightspeed Venture Partners, T. Rowe Price
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and enter new markets.
- Series F
- Amount Raised: $92M
- Date: September 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI capabilities and support remote work solutions.
- Series G
- Amount Raised: $170M
- Date: August 2021
- Lead Investors: Permira
- Valuation at Round: $3 billion
- Motivation Behind the Round: To acquire Lessonly and integrate training capabilities.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: June 2024
- Lead Investors: PNC Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational expenses and strategic initiatives.
Total Amount Raised: $446.5M
Current Valuation: $3 billion
Key Investors
- Permira
- Details: Permira is a global investment firm that has been active for over 35 years. They focus on driving growth and transformation in their portfolio companies.
- Investment Focus Areas: Technology, consumer, healthcare, financial services.
- Notable Investments: Genesys, Informatica, Magento.
- JMI Equity
- Details: JMI Equity is a growth equity firm that specializes in investing in leading software companies. They have been in operation for over 25 years.
- Investment Focus Areas: Software, technology-enabled services.
- Notable Investments: ServiceTitan, PointClickCare, Seismic.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a venture capital firm that focuses on early-stage investments. They have a global presence and a strong track record.
- Investment Focus Areas: Enterprise, consumer, health sectors.
- Notable Investments: Snap, Affirm, MuleSoft.
- Jackson Square Ventures
- Details: Jackson Square Ventures is a venture capital firm that invests in early-stage technology companies. They focus on building long-term partnerships with their portfolio companies.
- Investment Focus Areas: SaaS, marketplace businesses.
- Notable Investments: DocuSign, Upwork, Strava.
- T. Rowe Price
- Details: T. Rowe Price is a global investment management firm headquartered in Baltimore, Maryland. They offer a range of investment services to individual and institutional investors.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Tesla, Amazon, Google.
What's Next for Seismic?
Seismic's future looks promising with the integration of Lessonly's training tools, enhancing their platform's capabilities. This move opens up significant opportunities for growth, particularly in remote sales training, a sector that has seen increased demand due to the pandemic. With a valuation of $3 billion and a strong customer base, Seismic is well-positioned to capitalize on these trends.
Future fundraising could include an IPO, as hinted by CEO Doug Winter. However, challenges such as integrating Lessonly's technology and maintaining growth amidst fierce competition remain. Successfully navigating these hurdles will be crucial for Seismic's continued expansion and market leadership.
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