Seismic’s $100 Million Series E Fund Raising


Gunderson Dettmer advised Seismic on the transaction

Seismic, a recognized leader in sales and marketing enablement, today announced that it has closed a $100 million Series E round of funding. The round was led by Lightspeed Venture Partners and funds and accounts advised by T. Rowe Price Associates, Inc. Existing investors General Atlantic, JMI Equity, and Jackson Square Ventures also participated in the round. The round brings the total amount raised by Seismic to date to $179 million.

Seismic today also announced that John W. Thompson, Venture Partner at Lightspeed and Chairman at Microsoft, will join Seismic’s Board of Directors. Thompson brings with him more than 40 years’ executive leadership experience at companies such as IBM, Virtual Instruments, and Symantec, where he served as CEO for ten years and oversaw 10x revenue growth from $600 million to $6 billion. Thompson currently also sits on the boards of cloud data management company Rubrik and gene sequencing company Illumina.

Gunderson Dettmer advised Seismic with a team including Mike Heath (Picture) Cody Peterson, Kelly Trimble and Celaena Powder.

Involved fees earner: Mike Heath – Gunderson Dettmer; Cody Peterson – Gunderson Dettmer; Celaena Powder – Gunderson Dettmer; Kelly Trimble – Gunderson Dettmer;

Law Firms: Gunderson Dettmer;

Clients: Seismic Software, Inc.;

Author: Ambrogio Visconti