What is Yext?
Founded in 2006 and headquartered in New York, Yext (NYSE: YEXT) operates as a specialized AI search company dedicated to transforming how enterprises interact with their own data. Unlike traditional keyword-based search engines that merely return lists of hyperlinks, Yext utilizes an advanced AI-powered Answers Platform. This technology is designed to comprehend natural language, enabling businesses to provide accurate, direct responses to user queries. By bridging the gap between consumer-grade search expectations and enterprise-level data management, Yext addresses a fundamental inefficiency in corporate information systems, positioning itself as a vital tool for digital transformation and customer experience optimization.
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 Grape Arbor VC and Sutter Hill Ventures
Series B (2008): $3.5M led by Sutter Hill Ventures and Grape Arbor VC
Series C (2009): $25M supported by Institutional Venture Partners and Sutter Hill Ventures
Series D (2011): $10M featuring SV Angel, Sutter Hill Ventures, WGI Group, Michael Walrath, and IVP
Series E (2012): $27M backed by CrunchFund, WGI Group, Sutter Hill Ventures, Marker LLC, and IVP
Series F (2014): $50M with participation from Marker LLC, Insight Venture Partners, IVP, and Sutter Hill Ventures
Stock Issuance/Offering (2017): $133M led by Insight Venture Partners, Sutter Hill Ventures, IVP, and Marker Finiancial Advisors
Debt (2025): $200M supported by BlackRock
Key Investors in Yext
Sutter Hill Ventures
Sutter Hill Ventures is a Palo Alto-based firm specializing in financing technology-based start-ups and assisting entrepreneurs in building market-leading companies through strategic guidance and operational expertise.
IVP
IVP is a Menlo Park-based later-stage venture capital firm that raises large growth funds and invests in high-growth technology companies across consumer, enterprise, and fintech sectors.
BlackRock
BlackRock is a global investment management firm providing comprehensive investment, risk management, and advisory services to institutional and individual clients worldwide.
What's next for Yext?
With the successful procurement of this latest financing, Yext is well-positioned to accelerate its product roadmap and deepen its penetration into the enterprise market. The strategic focus will likely center on enhancing the cognitive capabilities of its AI platform, ensuring that it remains at the forefront of natural language processing and semantic search innovation. As the demand for intelligent, automated information retrieval continues to surge across global industries, Yext is poised to leverage its robust capital base to scale operations, expand its technical infrastructure, and maintain its competitive edge against legacy search providers. The company remains focused on its mission to replace outdated keyword search with sophisticated, intent-driven AI solutions.
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