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Guidepost Growth led the investment in SearchStax.

Synopsis

Guidepost Growth, a private equity firm, led the investment in SearchStax, a cloud-native search platform. Financial terms were not disclosed. "Search technology is perceived as generally mature, which has resulted in a massive gap in the market for many organizations who aren't yet taking advantage of modern search. That means there's a pressing need for major transformation in the market. Guidepost recognizes this need and shares our strategic vision of modernizing search and making it easy for companies. This partnership will enable us to accelerate our go-to-market efforts, bring more product innovations to market faster, and service more of our addressable market in a scalable manner," Sameer Maggon, SearchStax Founder and CEO.

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