About 7Summits
7Summits is a Technology company based in Milwaukee (United States) founded in 2009, and was acquired by IBM in January 2021. Online community solutions for enterprises are provided to enhance engagement. 7Summits has raised $1.6 million across 4 funding rounds from investors including IBM, Sverica Capital and Salesforce Ventures. The company was acqui-hired. Its focus areas include Enterprise Applications, HRTech, Employee Engagement and Employee Communication. Its competitors include Simpplr, Moveworks and Jive Software; 3 of its 3 listed competitors have raised funding.
Company details
7Summits provide online community solution provider for enterprises to drive engagement and achieve organization goals. It has a partnership with Salesforce and Jive software. The products offered are CoreConnect for salesforce (offers enhanced brand experience for customers, social platform for employees, strong relationships with partners), Community optimizer for Jive (content management system) peak framework for Jive (process automation migration). It serves consumer packaged goods retail, financial services, healthcare, manufacturing, higher education, high tech software and professional services industry. Awarded Salesforce innovator of the year award in 2015.
- Headquarters Milwaukee, United States
- Stage Acquired
- SectorsTechnology
- Website 7summitsinc.com
- Social LinkedIn X Facebook
- Acquired by IBM (Jan 2021)
Funding Insights of 7Summits
7Summits has successfully raised a total of $1.6M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.6M
- Total Rounds 4
- First Round $600,000
(Sep 2010)
- Investors Count 3
All 4 funding rounds of 7Summits with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2017 | Series B | – | Sverica Capital, Salesforce Ventures | – | |
| Dec 2013 | Private Equity Round | – | – | ||
| Nov 2011 | $1M | Angel Round | – | – | |
| Sep 2010 | $600,000 | Seed | – | – | – |
4 investors in total: 4 institutional.
Investors in 7Summits
7Summits has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include IBM, Sverica Capital and Salesforce Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by this private equity fund. | sverica.com | Boston, United States | ||
Venture capital investments are directed toward companies in multiple sectors. | salesforce.com/company/ventures/ | San Francisco, United States | ||
Hybrid cloud and DevOps automation are delivered to enterprises. | 1911 | ibm.com | United States | |
| holtonconsulting.com |
Investor details for 7Summits
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of 7Summits
753 people are tracked at 7Summits (268 in leadership, 13 in board & advisors, 472 in team).
| Name | Role | Group |
|---|---|---|
john keogh | Director Of Engineering | Leadership |
Oliver Wu | Managing Consultant, Strategy & Transformation, IBM Consulting | Leadership |
Yeonjoo Kim | Vp/senior Partner, Strategy, Global Offerings & Growth, IBM Consulting | Leadership |
Rob Thomas | Senior Vice President, Software And Chief Commercial Officer | Leadership |
Bonnie Pierson-Murphy | Vice President And Assistant General Counsel | Leadership |
Simone Somma | Associate Partner - Consumer Industry | Leadership |
Ian Bird | Executive Partner, Talent & Transformation | Leadership |
Divya Rajagopal | Partner & Executive Director - Hybrid Cloud | Leadership |
Kelly Carney | Partner & Client Executive – Energy Industry | IBM Consulting | Leadership |
Shreyas Vidwans | Brand Partner Specialist | Leadership |
Tejaswini Rajwade | Chief Financial Officer, India/south Asia | Leadership |
Jean-Paul Gomes | Corporate VP & Chief Customer Officer | Leadership |
Armon Dadgar | Hashicorp CTO | Leadership |
Jeevak Malhotra | Associate Partner, Americas | Leadership |
Utpal Mangla | General Manager; Distributed, Edge, Sovereign Cloud & Ecosystem Partnerships; IBM Cloud Platform | Leadership |
Joerg Ludwig | Director | Leadership |
Kevin Reick | Chief Engineer Of Post Silicon Validation, Power8 | Leadership |
Ashley Poole | Business Analytics - UKI Partner Development Manager | Leadership |
Matt McLaughlin | Global Talent Partner For Sales | Leadership |
Raghavendra Pai | Chief Financial Officer Asean Consulting | Leadership |
733 more people are available in the full profile.
Complete people profiles for 7Summits
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Competitors of 7Summits
7Summits has 3 listed competitors in our database, 3 of them funded. They include Simpplr, Moveworks and Jive Software.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| simpplr.com | 2014 | Milpitas, United States | $118M | An AI platform is utilized for connecting employees across organizations. | ||
| moveworks.com | 2016 | Mountain View, United States | $315M | Cloud based platform for employee communication | ||
| jivesoftware.com | 2001 | Palo Alto, United States | $57.57M | 178 | Communication and collaboration solutions are provided to enterprises. |
Detailed competitors of 7Summits
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Top companies in HR & Workforce Technology
3 companies that operate in the same segment as 7Summits (HR & Workforce Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | 1,695 | ||
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M |
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Related news about 7Summits
Complete news archive for 7Summits
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Frequently Asked Questions about 7Summits
7Summits was founded in 2009 and raised its 1st funding round 1 year after it was founded.
7Summits is headquartered in Milwaukee, United States. It is registered at Milwaukee, Wisconsin, United States.
7Summits is a funded company, having raised a total of $1.6M across 4 funding rounds to date. The company's 1st funding round was a Seed of $600K, raised on Sep 2010.
7Summits provide online community solution provider for enterprises to drive engagement and achieve organization goals. It has a partnership with Salesforce and Jive software. The products offered are CoreConnect for salesforce (offers enhanced brand experience for customers, social platform for employees, strong relationships with partners), Community optimizer for Jive (content management system) peak framework for Jive (process automation migration). It serves consumer packaged goods retail, financial services, healthcare, manufacturing, higher education, high tech software and professional services industry. Awarded Salesforce innovator of the year award in 2015.
7Summits's top competitors include Moveworks, Simpplr and Jive Software.
7Summits has 4 investors. Key investors include IBM, Sverica Capital, Salesforce Ventures, and holtonconsulting.com.
Yes. 7Summits was acquired by IBM in January 2021.