About Hearsay Systems
Hearsay Systems is a company based in San Francisco (United States) founded in 2009 was acquired by Yext in June 2024.. Hearsay Systems has raised $81 million across 5 funding rounds from investors including Salesforce, Yext and Sequoia Capital. The company has 168 employees as of December 31, 2022. Hearsay Systems operates in a competitive market with competitors including Earnix, Datamaran, Total Expert, Hi Marley and Carpe Data, among others.
- Headquarter San Francisco, United States
- Employees 168 as on 31 Dec, 2022
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$81 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
Salesforce
& 3 more
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Employee Count
168
as on Dec 31, 2022
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Acquired by
Yext
(Jun 10, 2024)
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Software Development Team
65 people
Leadership Team
52 people
Sales and Marketing
51 people
Senior Team
22 people
Finance and Accounting
19 people
Product Management Team
16 people
Operations Team
14 people
Human Resources and Administration
11 people
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Funding Insights of Hearsay Systems
Hearsay Systems has successfully raised a total of $81M across 5 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 Total Funding
- Total Rounds 5
- Last Round Last Round
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First Round
First Round
(03 Feb 2011)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Series C - Hearsay Systems | Valuation | Salesforce |
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| Sep, 2013 | Amount | Series C - Hearsay Systems | Valuation | Sequoia Capital , New Enterprise Associates |
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| Sep, 2013 | Amount | Series C - Hearsay Systems | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hearsay Systems
Hearsay Systems has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Salesforce, Yext and Sequoia Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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Cloud-based CRM and collaboration solutions are provided for enterprises.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hearsay Systems
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Hearsay Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hearsay Systems Comparisons
Competitors of Hearsay Systems
Hearsay Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Earnix, Datamaran, Total Expert, Hi Marley and Carpe Data, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI based marketing analytics and data monitoring solutions for insurers and banks
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| domain | founded_year | HQ Location |
AI platform used to transform ESG data into actionable insights.
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| domain | founded_year | HQ Location |
Customer engagement platforms for financial institutions are provided.
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| domain | founded_year | HQ Location |
AI and cloud-based platform for insurance conversations is provided.
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| domain | founded_year | HQ Location |
Predictive scoring and data monitoring solutions for insurance are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Hearsay Systems
When was Hearsay Systems founded?
Hearsay Systems was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is Hearsay Systems located?
Hearsay Systems is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Hearsay Systems a funded company?
Hearsay Systems is a funded company, having raised a total of $81M across 5 funding rounds to date. The company's 1st funding round was a Series C of $30M, raised on Feb 03, 2011.
How many employees does Hearsay Systems have?
As of Dec 31, 2022, the latest employee count at Hearsay Systems is 168.
What does Hearsay Systems do?
Hearsay Systems was founded in 2009 in San Francisco, United States. A marketing analytics platform is operated within the financial services sector to support distributed teams in customer interactions. Compliant channels including social media, texting, and local websites are enabled for managing multiple accounts, scheduling content, and engaging clients on platforms such as LinkedIn, Facebook, Instagram, and Twitter. Operations focus on regulatory adherence across these digital avenues.
Who are the top competitors of Hearsay Systems?
Hearsay Systems's top competitors include Total Expert, FMG Suite and Datamaran.
Who are Hearsay Systems's investors?
Hearsay Systems has 4 investors. Key investors include Salesforce, Yext, Sequoia Capital, and NEA.
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