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Fifty-two percent of organizations plan to increase or maintain their IT spending this year, according to Enterprise Strategy Group. This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%).
From left to right: SeekOut CEO Anoop Gupta; SeekOut CTO Aravind Bala; Madrona Venture Group Managing Director and SeekOut board member S. The Series B round, led by Tiger Global with participation from Madrona Venture Group and Mayfield, values the company at close to $500 million. SeekOut Photo).
But the tech downturn that began later in 2022 caused companies to curb hiring and trim workforces — possibly reducing demand for a company like SeekOut. Jobs site Indeed laid off 8% of its workforce last week and did another round of layoffs last year, citing a “global slowdown in hiring.”
SeekOut is still hiring and plans to reach 225 employees by year-end. Its investors include Tiger Global Management, Madrona Venture Group, Mayfield, and others. SeekOut CEO Anoop Gupta is a former technical assistant to Bill Gates who previously led Microsoft’s UnifiedCommunicationsGroup.
” The people: Gupta is a former technical assistant to Bill Gates who previously led Microsoft’s UnifiedCommunicationsGroup. Other investors include Madrona Venture Group and Mayfield. “Building that culture from the very beginning, from every hire that you have, is really important,” Gupta said.
Before we learn more about the current crop of Seattle area unicorns, a few interesting facts about this group of 15: None of the Seattle area unicorns boast a female or Black CEO, a disappointing statistic that signals how the venture and startup community has a long way to go to diversify. Industry : Hiring and recruiting .
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