What is Yext?
Yext operates at the forefront of enterprise AI search, aiming to revolutionize how businesses manage and deliver information online. Established in 2006 and headquartered in New York, NY, the company addresses the limitations of traditional keyword-based enterprise search by offering an AI-powered Answers Platform. This platform understands natural language, providing direct answers rather than mere links, a critical innovation in an era of information overload. The company's mission is to bridge the gap between user queries and accurate, immediate information within an enterprise context.
How much funding has Yext raised?
Yext has raised a total of $452M across 8 funding rounds:
Series A
$3.5M
Series B
$3.5M
Series C
$25M
Series D
$10M
Series E
$27M
Series F
$50M
Stock Offering
$133M
Debt
$200M
Series A (2008): $3.5M with participation from Sutter Hill Ventures and Grape Arbor VC
Series B (2008): $3.5M led by Grape Arbor VC and Sutter Hill Ventures
Series C (2009): $25M supported by Sutter Hill Ventures and Institutional Venture Partners
Series D (2011): $10M featuring WGI Group, Michael Walrath, IVP, SV Angel, and Sutter Hill Ventures
Series E (2012): $27M backed by WGI Group, IVP, CrunchFund, Marker LLC, and Sutter Hill Ventures
Series F (2014): $50M with participation from Marker LLC, Sutter Hill Ventures, Insight Venture Partners, and IVP
Stock Issuance/Offering (2017): $133M led by IVP, Marker Finiancial Advisors, Sutter Hill Ventures, and Insight Venture Partners
Debt (2025): $200M supported by BlackRock
Key Investors in Yext
WGI Group
WGI Group is an investment entity formed by experienced entrepreneurs, focusing on funding other entrepreneurs and notable for its past investment in Right Media, which was acquired by Yahoo!.
IVP
IVP (Institutional Venture Partners) is a later-stage venture capital firm that invests in high-growth technology companies, primarily from Series B onwards, supporting them through scaling and exit.
Sutter Hill Ventures
Sutter Hill Ventures is a venture capital firm that finances technology start-ups, assisting entrepreneurs in building market-leading companies with its extensive operating and venture capital experience.
What's next for Yext?
The consistent and substantial capital injections Yext has received, including its recent major strategic investment, signal a strong trajectory for growth and innovation. This funding is likely to accelerate the development and deployment of its AI search solutions, further solidifying its market position. The company's focus on enhancing enterprise search capabilities positions it to capitalize on the increasing demand for intelligent information retrieval systems, potentially leading to further market expansion and technological advancements in the AI-driven search landscape.
See full Yext company page
