The story
Semrush was initially released as Seodigger before becoming a Firefox extension. It was later renamed SeoQuake Company in 2007, before adopting the name Semrush (SEM being an acronym for search engine marketing).
In April 2018, the company raised $40 million in a financing round co-led by venture capital firms Greycroft, E.ventures, and Siguler Guff, to support expansion across research platforms, including those associated with Amazon, Microsoft, and Baidu.
In December 2020, the company updated its visual identity and standardized its name from "SEMrush" to "Semrush".
Semrush completed an initial public offering in March 2021 and began trading on the New York Stock Exchange under the ticker symbol NYSE: SEMR. The company's S-1 filing reported $213 million in revenue and more than 82,000 customers.
The company’s founders are Russian and relocated to the United States in 2017. Following Russia's invasion of Ukraine in 2022, Semrush ceased operations in Russia and offered relocation support to affected staff. In 2024, Semrush acquired the assets of Datos and later acquired Ryte, a German SaaS company.
In March 2025, Bill R. Wagner became CEO, succeeding co-founder Oleg Shchegolev, who transitioned to Chief Technology Officer. In November 2025, Adobe Inc. announced an agreement to acquire Semrush for $1.9 billion. In February 2026, shareholders approved the proposed transaction at a virtual special meeting. Adobe completed the acquisition on April 28, 2026.
From Wikipedia’s article on Semrush, shared under CC BY-SA 4.0.4