SEO optimization platform Botify lands $55M

Cecilia Nysing

The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Register now!


Botify, provider of search engine optimization tools and apps, today announced that it raised $55 million, bringing its total raised to date to $82 million. CEO Adrien Menard says that the funding — a series C, led by InfraVia Growth with participation from Bpifrance, Eurazeo, and Ventech — will enable the company to grow its platform, develop its partner ecosystem, and expand its global footprint as it focuses on product R&D.

With an increasing number of businesses shifting to online as their primary channel, ensuring high placement in web searches has become a priority. There are 80,000 searches done per second, driving 53% of web traffic today. But it’s a moving target. Google alone made 4,500 algorithm updates and changes last year to Google Search.

New York-based Botify provides a platform to discover and fix problems with the aim of making sites more discoverable by search engines. Working with major search engines and internet infrastructure companies to ensure compliance with guidelines, the company develops and maintains AI-enabled analytics and automation tools that leverage more than 1,000 metrics to understand a website’s content, search engines’ behaviors, and users’ intent.

Botify

Above: Botify’s analytics dashboard.

Image Credit: Botify

Botify was founded by Menard, Thomas Grange, and Stan Chauvin, who previously worked together at a digital marketing agency. As Menard explained, the trio came to the conclusion that companies were focusing too much time optimizing content and keywords without knowing if Google and other search engines were even crawling their webpages.

“Almost half of the pages of large, enterprise websites are not crawled by Google. When a page is not crawled or seen by Google, it will never rank in search engines, and therefore cannot drive traffic or revenue,” Menard told VentureBeat via email. “This is how Botify was born — some of [our] first customers included eBay, BlaBlaCar, and Expedia in France. [We] entered the U.S. market in 2016. Fast-forward to today, and the U.S. now accounts for more than 60% of [our] revenue.”

AI-driven analytics

According to Menard, Botify uses a 2-petabyte dataset containing raw crawl data, server logs, search data, and conversion and revenue data to train its algorithms. The algorithms power tools like RealKeywords, which helps customers understand what keywords visitors are searching for, how they’re arriving at the pages, and where else they might be heading.

“When looking at a site’s query data, understanding intent can be tricky,” Menard said. “For example, if people are clicking through to the site via the keyword ‘pizza,’ is it because they’re looking for a pizza spot near them or looking for information on how to make pizza? By applying natural language processing techniques and unsupervised machine learning algorithms, we augment our [platform] with features to improve visibility into the millions of queries being searched and analyze daily.”

To help manage its data science stack, Botify built a custom architecture for algorithm development, training, and tuning. To date, the company has used it to develop algorithms capable of automatically identifying “strategic” webpages, spotting critical issues, forecasting drops in traffic, and generating missing links, text, and metadata.

“Since organic search can drive up to 30% of traffic and revenue on an enterprise website, companies need a comprehensive solution to optimize performance,” Menard added. “Brands need to equip their teams with the right capabilities to analyze their performance decide actions plans, and implement the solutions to drive incremental revenue. Botify is the perfect answer as our platform enables organic search teams to analyze, decide, and implement optimizations faster.”

Botify

Botify occupies only a slice of the $80 billion search engine optimization (SEO) industry. In 2020, businesses spent $47.5 billion on SEO-related products and services, and the market is projected to grow at a 20% compound annual growth rate by 2025.

But 200-employee Botify reports that annual revenue and valuation tripled since its last funding round in 2019, with annual growth nearing 60% and revenue approaching $100 million. Current customers include Expedia, Macy’s, Marriott, L’Oréal, Crate & Barrel, Conde Nast, Groupon, GitHub, The New York Times, and 500 others across ecommerce, travel, and media and publishing segments.

Botify says that U.S.-based brands account for more than 60% of its revenue; it entered the market in 2016. The company plans to use a portion of the new funding to expand in Asia Pacific, namely by growing operations there  and collaborating with “key brands and partners” in the region.

“First and foremost, if 2020 proved anything, it’s that search is an essential part of our lives,” Menard said. “For enterprises, this means that being found in search is a bigger opportunity than ever to generate brand awareness and online revenue — [even as] marketing teams are being asked to do more with less and focus on the most profitable channels.”

VentureBeat

VentureBeat’s mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact.

Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:

  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more

Become a member

Next Post

What Is Social Media Marketing?

PHOTO: Adobe Social media marketing refers to the process of creating tailored content for social media platforms for the purpose of driving engagement and promoting a brand. Social media marketing is beneficial because it enables brands to strengthen the relationships they have with their customers, on the customer’s preferred channels. […]
Situs judi online Hsobet terpercaya

Link daftar Liga228 agen bola terpercaya paling aman yang selalu menjaga kenyamanan para bettor.

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik. QQCuan https://18.142.63.79/ Slot Gacor Hari Ini

Situs agen slot terpercaya dan resmi

slot hoki gacor

slot terpercaya

slot gacor hari ini

sbobet online

เว็บไซต์เกมสล็อตแตกง่ายที่เชื่อถือ

slot gacor situs game slot online situs judi bola resmi situs slot online terpercaya Situs Slot Online Online Terpercaya judi slot online IDN Poker Online hoki slot rtp slot slot pulsa