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Abstract Template matching has proven to be an effective method for seismic event detection, but is biased toward identifying events similar to previously known events, and thus is ineffective at discovering events with non‐matching waveforms (e.g., those dissimilar to existing catalog events). In principle, this limitation can be overcome by cross‐correlating every segment (possible template) of a seismogram with every other segment to identify all similar event pairs, but doing so has been previously considered computationally infeasible for long time series. Here we describe a method, called the ‘Matrix Profile’ (MP), a “correlate everything with everything” calculation that can be efficiently and scalably computed. The MP returns the maximum value of the correlation coefficient of every sub‐window of continuous data with every other sub‐window, as well as the best‐correlated sub‐window location. Here we show how MP methods can obtain valuable results when applied to months and years of continuous seismic data in both local and global case studies. We find that the MP can identify many new events in Parkfield, California seismicity that are not contained in existing event catalogs and that it can efficiently find clusters of similar earthquakes in global seismic data. Either used by itself, or as a starting point for subsequent template matching calculations, the MP is likely to provide a useful new tool for seismology research.