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§ Private Profile · 275 Battery Street, Suite 1000 San Francisco, CA 94111, US
Spigit is a company.
Spigit has raised $38.2M across 3 funding rounds.
Key people at Spigit.
Spigit has raised $38.2M in total across 3 funding rounds.
Spigit provides innovation management software, enabling large organizations to harness collective intelligence from employees and external networks. Its platform offers structured processes for idea generation, evaluation, and implementation, ensuring a continuous flow of solutions. The core technology leverages crowdsourcing principles to identify, refine, and prioritize insights, converting them into tangible business outcomes.
Co-founded by James Gardner and Paul Pluschkell around 2006, Spigit was built on the insight that significant innovation often remains untapped within an organization’s talent pool. Their objective was to create a systematic method for enterprises to capture, develop, and act upon these dispersed ideas, enhancing traditional innovation strategies.
Spigit’s solutions serve diverse enterprise clients focused on strategic development and continuous improvement. The company envisions innovation as a pervasive, seamlessly integrated component of daily operations. This empowers organizations to adapt and prosper amid evolving market dynamics, positioning its platform as an essential enabler of business transformation.
Key people at Spigit.
Spigit has raised $38.2M in total across 3 funding rounds.
Spigit's investors include Noah Walley, Vishnu Menon, Patrick Severson.
Spigit has raised $38.2M across 3 funding rounds. Most recently, it raised $13.0M Other Equity in October 2015.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 27, 2015 | $13M Venture Round | Noah Walley | — | Announced |
| Mar 21, 2012 | $15.2M Series E | Vishnu Menon | — | Announced |
| Jan 23, 2010 | $10M Venture Round | Patrick Severson | — | Announced |
Spigit was an enterprise-class crowdsourcing and innovation management software platform that enabled organizations to generate, manage, and execute ideas for business strategies, product development, and operational efficiencies.[1][2][3] It served large enterprises across industries like financial services, insurance, pharmaceuticals, healthcare, technology, manufacturing, consumer products, and energy, with over six million users in 170 countries at the time of its acquisition.[2][3] The platform solved the challenge of harnessing collective intelligence from employees, customers, and partners to accelerate innovation, drive employee engagement, and deliver analytics-driven insights, ultimately reducing time-to-market and boosting revenue.[1][3]
Founded in 2009 and raising $54.95M before being acquired by Planview in 2018 (and rebranded as Planview IdeaPlace), Spigit demonstrated strong growth momentum, including record revenue and customer renewals pre-acquisition, complemented by advancements like machine learning for idea analysis.[1][2][4]
Spigit was founded in 2009 as a pioneer in crowdsourced innovation management, quickly establishing itself as a leader with patented "crowd science" technology to prioritize ideas through high employee engagement.[1][3] Key details on founders are not specified in available records, but under President and CEO Scott Raskin, the company grew to serve innovative enterprises worldwide, powering programs that fostered cultural transformation.[3]
A pivotal moment came in an earlier merger with Mindjet (developer of MindManager mind mapping software), which combined visual collaboration tools with Spigit's ideation platform to manage innovation from idea creation to project completion, enhancing differentiation in a commoditizing market.[5] This set the stage for its 2018 acquisition by Planview, a work and resource management leader, integrating Spigit (now IdeaPlace) as a core solution for the full innovation lifecycle alongside portfolio and agile delivery tools.[2][4]
Spigit rode the wave of digital transformation and enterprise innovation management, where organizations increasingly turned to crowdsourcing to tap internal wisdom amid rapid market changes.[3] Its timing was ideal in the mid-2010s, as companies faced pressure for faster product differentiation and process improvements—trends amplified by agile methodologies and data-driven decision-making.[2][3]
Market forces like employee engagement demands, unstructured data proliferation, and the need for innovation beyond siloed R&D favored Spigit, positioning it ahead of competitors like IdeaScale, HYPE Innovation, and Miro by emphasizing end-to-end execution over pure ideation.[1] Post-acquisition, it influenced the ecosystem by embedding innovation into broader work management platforms, enabling Planview customers to link ideas directly to portfolios, reducing silos, and accelerating outcomes in a landscape shifting toward integrated tech stacks.[2][4]
As Planview IdeaPlace, Spigit's legacy endures in enterprise innovation, with potential for AI enhancements to further automate idea-to-impact workflows amid rising demands for generative AI in ideation.[3] Trends like hybrid work, sustainability-driven innovation, and real-time collaboration will shape its path, likely expanding integrations with tools like Miro for visual strategy.[1][2]
Its influence may evolve from standalone crowdsourcer to indispensable WRM component, empowering more organizations to operationalize ideas at scale—echoing its origins as a pipeline-builder for tomorrow's strategies.[4]