Yext is a

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

technology company operating in the area of online brand management. It offers brand updates using its cloud-based network of apps, search engines and other facilities. The company was founded in 2006 by Howard Lerman, Brian Distelburger, and Brent Metz. Recent figures showed a market capitalization in 2019 of more than $2.0 billion and a revenue of $354.7 million for the 2021 fiscal year.

History

Yext was founded in 2006 as a local advertising business. By 2009, it was generating $20 million in revenue after switching its business model to generate leads for its customers through a pay-per-call model. In August 2012, the company sold its pay-per-call business to IAC's CityGrid Media in order to focus on listings. By that time, Yext had raised $65.8 million in funding and handled 950,000 updates for 50,000 businesses. Investors included

Sutter Hill Ventures Sutter Hill Ventures is an American private equity firm focused on venture capital investments in technology-based start-up companies. Founded in 1964, Sutter Hill is one of the oldest venture capital firms still in operation. Based in Palo Alto ...

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, and WGI investments. By 2016, the company had $89 million in revenue and had expanded its offices at One Madison Avenue to 95,000 square feet. In 2016, the company was ranked #60 on the Deloitte Fast 500 North America list. In 2017, Yext debuted on the New York Stock Exchange. According to Forbes, the company's market capitalization is $2 billion. For the fiscal year 2021, Yext reported a revenue of $354.7 million. Users of Yext's search tool include the U.S. State Department and the World Health Organization. In 2021, Yext had agreements with companies such as

Verizon Verizon Communications Inc., commonly known as Verizon, is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. The company is headquartered at 1095 Avenue of the Americas ...

Marriott Marriott may refer to: People *Marriott (surname) Corporations * Marriott Corporation, founded as Hot Shoppes, Inc. in 1927; split into Marriott International and Host Marriott Corporation in 1993 * Marriott International, international hot ...

, and

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. In September 2021, the company launched an artificial intelligence tool for health care organizations. "Find-a-Doc" helps patients identify healthcare professionals by using

natural language processing Natural language processing (NLP) is an interdisciplinary subfield of linguistics, computer science, and artificial intelligence concerned with the interactions between computers and human language, in particular how to program computers to proc ...

(NLP).

References

{{Authority control Digital marketing companies of the United States Marketing companies established in 2006 2017 initial public offerings Companies listed on the New York Stock Exchange 2006 establishments in New York City Software companies established in 2006