Seismic Raises $4.5 Million in Series A Funding Led by Sigma West
Investment Drives Growth in Sales & Marketing; Paves Way for Deeper Expansion Into Financial Services and Insurance Markets and Continued Product Development
ENCINITAS, CA -- (Marketwired) -- 08/15/13 -- Seismic, the creator of the LiveDoc platform for brand-approved, real-time enterprise content management, announced today the closure of a $4.5 million series A funding round led by venture capital firm Sigma West, with additional funding coming from private investors. After doubling its revenue already in 2013, and on track to double it again before the end of the year, Seismic plans to fortify its team as it expands its content solutions for the financial services and insurance markets.
"There is tremendous demand among enterprises today for powerful, easy-to-use tools for managing targeted marketing and sales content to reach the right customers. That demand will only increase as the market expands, and with it the volume of audience data," said Sigma West Managing Director Peter Solvik. "We have seen how Seismic's technology has satisfied that demand for their customers, and from our years of experience in the market, we believe they have the leadership experience to tackle the challenges of the future. Seismic's team has a terrific track record for developing great businesses, and we believe their prior experience will help drive the company to great success in this dynamic and evolving market."
Seismic's customers use its cloud-based platform to access an extensive library of their branded, data-rich materials such as graphics, proposals, sales decks and reports. From sales and marketing to HR and finance, business professionals can tap into their company's approved brand collateral and business assets, quickly creating customized materials with the most up-to-date content and real-time data. By bringing together cloud architecture, advanced and automated data services, powerful analytics, and a user-friendly customer interface, Seismic is transforming how businesses access, create and manage content. The entire branding effort becomes more effective, fully compliant and more efficient as a result.
"Seismic's mission is to evolve the way sales and marketing teams communicate and work," said Seismic CEO Douglas Winter. "Our technology enables professionals to easily create and deliver branded, marketing-approved, yet personally customized materials that integrate live data into approved content in real-time and across any device. We are honored that a leading VC firm like Sigma West invested in Seismic and will help guide us into our next phase of growth."
Seismic's success with enterprise companies in the financial services and insurance industries inspires its current plans to drive even more deeply into those markets by providing vertical-specific workflow and feature enhancements. In addition, the company is hiring new talent in the areas of sales, marketing and client services in order to meet the needs of a thriving customer base.
Members of the company's leadership team previously founded and sold the software services company Objectiva Software Solutions. They also led the turnaround of NASDAQ customer communications management platform Document Sciences, which was acquired by EMC.
Headquartered in Encinitas, CA, Seismic was founded in 2010. It is privately held by its three-time serial entrepreneur executive team and leading venture capital firm SigmaWest.
About Sigma West
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