AI search company Yext has expanded its burgeoning public sector team with four new executives
AI search company Yext has expanded its burgeoning public sector team with four new executives:
All four of Yext’s new public sector team members will report to the company’s VP of Public Sector, Laurie "LC" Cook, who joined the company in August 2021.
When Yext onboarded Cook, the company stated that she would build out an arm of Yext's sales organization that will focus on securing contracts with federal, state, and local government agencies in the US.
Yext’s public sector team is looking to build on its Answers AI search technology's success in the COVID-19 info hubs created by the World Health Organization, US Department of State, and the State of New Jersey and the State of Alabama.
"Now more than ever, government agencies are looking for technology that will quickly and easily set them up to serve constituents more effectively online," Cook stated. “Our growing team is so excited to show them the potential they can unlock with Yext's powerful Public Sector AI search solution set, a one-stop shop for all of their CX needs."
Yext’s expansion into the public sector comes alongside the launch of new finance and healthcare tools as the company diversifies its revenue streams to improve its profitability. In the second quarter of its 2022 fiscal year (the three months ended July 31, 2021) the company experienced a net loss of $27.6 million, compared to a net loss of $25.1 million in Q2 2021.
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