Local software startup Seismic just raised $92 million in a fresh wave of growth capital, making it one of the fastest-growing and most valuable young tech companies in San Diego.

Investors pegged the company’s value at $1.6 billion, up from its $1 billion valuation not two years earlier. The money will be put toward international growth, mergers and acquisitions, and incubating new ideas around the company’s products.

This new infusion of cash is the latest in a string of expansion efforts at Seismic. Founded in 2010 by five guys in Solana Beach (working out of a basement), the company has aggressively raised venture capital, grown its local headcount, acquired other fast-growing tech companies, and opened 14 offices around the globe.

Seismic makes a suite of software tools for large sales teams, allowing companies to create and send digital materials that help salespeople win deals. The platform also helps big sales teams (often comprised of workers spread out around the globe) to stay on one page with training and other communication.

The COVID-19 pandemic — and the rapid adoption of remote work — has driven Seismic’s growth even further, said Doug Winter, Seismic’s CEO.

“The pandemic has driven an unprecedented remote working environment,” Winter wrote in an email. “Many enterprises have turned to us to help transition field sellers into inside sales … Since salespeople can’t leverage in-person meetings and networking opportunities, they must make sure they’re delivering a tailored experience via digital means.”

The company has seen a 148 percent increase in its active users during the first six months of 2020, according to a Seismic press release. Among its 600 enterprise customers are massive companies such as IBM, Cisco, American Express and Wayfair.

Permira, a European private equity fund, led Seismic’s latest round of funding, with participation from Ameriprise Financial and EDBI. Existing investors Jackson Square Ventures, Lightspeed Venture Partners and T. Rowe Price also participated.

In total, Seismic has now raised $270 million, ballooning its staff from roughly 500 in late 2018 to about 900 today after acquiring the Savo Group and New York-based Percolate. At its San Diego headquarters, Seismic employs 214.