• Enterprise Search Provider Coveo Adds $8.2 Million In Funding

    Tuesday, December 8th, 2009

    Robin Wauters is the European Editor of tech blog The Next Web and lead editor of Virtualization.com. He was a senior staff writer at TechCrunch until his departure in February 2012. Aside from his professional blogging activities, he’s an entrepreneur, event organizer, occasional board adviser and angel investor but most importantly an all-round startup champion. Wauters lives and works in... → Learn More

    Coveo, a Chicago-based enterprise search solution provider, has raised $8.2 million in Series B funding in a round led by BDC Venture Capital, with most existing investors participating, among them Propulsion Ventures SEC, The Solidarity Fund QFL, and the startup’s Chairman Louis Têtu.

    The company plans to use the extra capital to expand aggressively: it intends to hire an additional 60 employees over the next two years, nearly doubling its current workforce (80+ people around the world).

    Coveo markets enterprise search technology and information access solutions for hundreds of companies across the globe, including Deloitte, ESPN, Lockheed Martin, P&G, PricewaterhouseCoopers, Rabobank and the U.S. Navy.

    Coveo, founded in 2005, is managed by a bunch of former Taleo and Copernic executives. Counting this second round, the startup has raised $10.7 million to date.

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