Apptio
Facts
- HQ
- Bellevue, Washington, USA
- Sectors
- Technology, Cloud, Enterprise software, SaaS
- Founded
- 2006
- Stage
- former-startup
- Total raised
- $4.6M SEC Form D filings Total of this company's SEC Form D filings
- Last round
- $4.6M · Feb 2018 SEC Form D
Faye Raises $50M Series C Led by Madrona Venture Group, Reaches $100M Total Funding
Faye, an AI-powered travel insurance platform founded in 2022 and headquartered in Tel Aviv with U.S. operations in Richmond, Va., raised $50 million in a Series C led by Madrona Venture Group, bringing total funding to $100 million. The company plans to use the capital for growth after doubling revenues, opening its U.S. headquarters, and earning a Time Best Invention mention.
Faye Raises $50M Series C on Aug 5, 2026 to Build Autonomous AI Traveler Care Platform, Total Funding Reaches $100M
Faye announced a $50 million Series C on Aug 5, 2026 to build an autonomous AI platform for traveler care, bringing total funding to $100 million and funding AI investments, partnerships, and global expansion.
WTIA launches 2026 Washington Tech Universe Map detailing 625 companies and founder lineages — first update since 2015
The Washington Technology Industry Association (WTIA) released the 2026 Washington Tech Universe Map on July 27, 2026 — the first update since 2015 — visualizing 625 notable Washington tech companies and the founder lineages linking Microsoft, Amazon, the University of Washington, and new hubs. The wall-sized map organizes companies by founder origin to highlight how major organizations act as launchpads for successive generations of local tech founders.
PitchBook and Madrona host live Founded & Funded podcast at Seattle Tech Week on July 23, 2026 to debate AI funding concentration
PitchBook will co-host a live recording of Madrona’s Founded & Funded podcast at Seattle Tech Week on July 23, 2026, featuring PitchBook EVP Nizar Tarhuni and Madrona Partner Sabrina Albert to discuss AI, funding concentration, and private-market trends.
Apptio Co-founders Sunny Gupta and Kurt Shintaffer Launch Thira, Raise $21M Seed Led by Madrona to Build Autonomous IT Support Agents
Apptio co-founders Sunny Gupta and Kurt Shintaffer launched Bellevue-based enterprise AI startup Thira to build autonomous agents for IT support and back-office work, and raised $21 million in seed funding led by Madrona. Thira will integrate with tools like ServiceNow, Jira Service Management and identity/device-management systems, with plans to expand into finance and HR amid competition from companies such as ServiceNow (Moveworks), Aisera, Rezolve.ai, and Serval.
Thira Secures $21 Million Seed Funding to Automate Enterprise Back-Office Workflows with AI
Thira, founded by Apptio co-founders in 2026, has raised $21 million in a seed round led by Madrona to develop an AI-native platform that automates complex enterprise back-office workflows while ensuring security and compliance.
Madrona Ventures Invests in Thira, Reuniting Founders Sunny Gupta and Kurt Shintaffer to Build AI-Native Systems for CIOs
Madrona announced a new investment in Thira, led by founders Sunny Gupta and Kurt Shintaffer, reuniting experienced enterprise builders to tackle CIO-focused AI-native systems. The firm argues Thira’s team and product strategy will help CIOs deploy AI-driven systems of execution and drive measurable returns on technology and AI investments.
Thira Secures $21M Seed Funding Led by Madrona to Develop AI-Driven Self-Running Enterprise Back-Office
Thira, founded by Apptio co-founders Sunny Gupta and Kurt Shintaffer, raised $21 million in a seed round led by Madrona to develop a secure, self-learning AI system aimed at automating enterprise back-office IT processes. The funding round also includes participation from FUSE and prominent advisors, with key industry veterans joining the founding team.
Gradial, founded by ex‑SpaceX Starlink leaders, raises Series C after scaling to tens of millions serving Amazon, T‑Mobile and other Fortune 500s
Gradial, founded by former SpaceX Starlink leaders Doug Tallmadge and Deip Kumar with co‑founders Anup, Anish and Vikas, builds an AI-native system for enterprise marketing execution and has grown to tens of millions in revenue serving Fortune 500 clients. The company expands from website content workflows to multi‑channel campaign orchestration using agentic content infrastructure aimed at delivering scalable ROI for large enterprises.
StitcherAI Launches with $3M Pre-Seed to Embed Real-Time AI Spending Data into Engineering Tools
StitcherAI launched with $3 million in pre-seed funding to provide real-time AI and cloud cost data directly in decision-making tools, aiming to prevent overspending. Founded by Seattle tech veterans Udam Dewaraja and Varun Mittal, the company avoids traditional dashboards by integrating spending context where humans and AI agents operate.
Raj Singh, Concur Co-Founder, Named CEO of Smartsheet to Drive Growth with AI in Enterprise Software
Rajeev 'Raj' Singh, co-founder of Concur and former CEO of Accolade, has been named CEO of Smartsheet as the company looks to leverage its strong foundation and $1 billion revenue base to grow with AI innovations. Singh aims to capitalize on Smartsheet's established enterprise presence and significant opportunity to reshape work management software amid evolving industry dynamics.
Intuit Acquires AI-Powered Sales Technology from Seattle Startup Relevvo to Enhance B2B Buyer Connections
Intuit acquired AI-powered technology from Seattle startup Relevvo, which helps B2B companies better connect with buyers using personalized insights. Founded in 2020, Relevvo's platform aims to improve sales targeting and messaging, and the technology will enhance Intuit's service to mid-market customers.
Aircall Opens Ninth Global Office in Bellevue to Expand AI Innovation, Plans 50 Employees by 2025
Aircall, a cloud-based business communications company led by CEO Scott Chancellor, has opened its ninth global office in Bellevue, Washington to expand AI innovation and plans to employ about 50 people there by the end of 2025. The profitable company serves over 20,000 customers, expects $200 million in annual recurring revenue this year, and recently launched an AI Voice Agent to automate customer service calls.
Madrona Raises $770M for Two New Funds to Back Early and Late-Stage Tech Startups Amid VC Slowdown
Madrona, the largest venture capital firm in the Pacific Northwest, raised $770 million for two new funds focusing on early-stage and more mature tech startups despite a challenging VC fundraising environment in 2024. The firm plans to invest in about 30 companies at early stages and 12 at later stages, maintaining its strong position amid a slowdown in the broader venture capital sector.
Tech Startups Shift to Profitability and Sustainable Growth Amid Tight 2023-2024 Venture Capital Market
Tech startups are shifting from growth-at-all-costs to focusing on profitability and efficient growth without relying on new investor funding amid tighter venture capital conditions and challenging market factors. This new approach, termed 'default alive,' emphasizes sustainable business models and cautious investment amid a decline in funding and more down rounds.
Apptio Co-Founder Sunny Gupta Reflects on Building a $4.6 Billion Tech Business Following Key CIO Insight
Sunny Gupta, co-founder of Apptio, shared how a pivotal question from a CIO about managing technology costs inspired him to found the company, which pioneered Technology Business Management. Apptio went public in 2016, was acquired by Vista Equity Partners for nearly $2 billion in 2019, and then bought by IBM in a $4.6 billion deal in 2023.
Sunny Gupta Steps Down as Apptio CEO to Become Chairman Emeritus and IBM Strategic Advisor
Sunny Gupta announced his resignation as CEO of Apptio after 17+ years, transitioning to Chairman Emeritus and Strategic Advisor to IBM. He highlighted Apptio's journey from founding to acquisition by IBM in 2023 and expressed confidence in the company's future under new leadership.
Seattle Startup MotherDuck Hires Former Google Leaders Frances Perry and Margaret Lawrence Rosas; Humanly Adds VP of Growth Pallavi Sinha
Seattle startup MotherDuck hired Frances Perry, a former Google engineering director, as engineering manager, and Margaret Lawrence Rosas, former Looker and Google executive, as head of customer success. Additionally, Pallavi Sinha joined Seattle startup Humanly as vice president of growth.
Ex-Tableau Execs Damon Fletcher and Michael Arvold Launch Seattle Startup Millworks Analytics to Manage Rising AI-Driven Cloud Costs
Former Tableau CFO Damon Fletcher and ex-Tableau senior director Michael Arvold launched Seattle-based Millworks Analytics to help tech companies manage rising cloud costs fueled by AI. Their flagship platform Caliper enables finance leaders to analyze and reduce cloud spending, initially supporting AWS.
IBM Acquires Apptio for $4.6B After 16-Year Journey Including 2016 IPO and $1.94B Vista Buyout
Apptio's 16-year journey from a challenging IPO in 2016 to a $4.6 billion acquisition by IBM in 2023 exemplifies perseverance and long-term vision in enterprise tech. Originally valued at over $500 million at IPO, the company rebounded after setbacks, was acquired by Vista Equity Partners for $1.94 billion, and then sold to IBM, highlighting its growing impact in tech spending management.
IBM to Acquire Apptio for $4.6 Billion, Expanding its Cloud and IT Management Capabilities
IBM agreed to acquire Seattle-area cloud and IT management company Apptio for $4.6 billion, marking a significant milestone after Apptio's prior IPO and private equity acquisition. Apptio's SaaS technology helps companies manage tech spending and has grown to over $400 million annual revenue and 1,500 corporate customers, including half the Fortune 100.
Apptio Acquires Austin-Based Cloud Spend Optimization Startup Cloudwiry
Apptio, an IT spend management company based in Bellevue, Washington, acquired Cloudwiry, an Austin-based cloud cost management startup founded in 2016. The acquisition adds to Apptio's existing cloud cost management offerings, though financial terms were not disclosed.
Madrona Venture Group Opens Silicon Valley Office to Expand Investments Beyond Pacific Northwest
Seattle-based Madrona Venture Group is expanding beyond the Pacific Northwest by opening its first Silicon Valley office to increase investments outside its home region. Since 2019, the firm has raised over $261 million for an acceleration fund targeting more mature companies across North America, with about 15% of its portfolio now outside the Pacific Northwest.
Humu Names Former Apptio CTO Scott Chancellor as CEO After $60M Series C Funding
Silicon Valley HR startup Humu appointed former Apptio CTO Scott Chancellor as CEO, following its $60 million Series C funding. Meanwhile, several Pacific Northwest tech firms announced executive hires including Madrona Venture Group, Mappedin, Skilljar, and Spaceflight.
Flying Fish Launches Alberta Office with Tiffany Linke-Boyko, Secures $7.5M from Alberta Enterprise; Panopto Names Tobias Hartmann CEO
Flying Fish appointed Tiffany Linke-Boyko as principal to lead its new Alberta office, its first outside Seattle, backed by a $7.5 million investment from Alberta Enterprise Corporation within a $70 million fund. Additionally, Panopto hired Tobias Hartmann as CEO to lead its enterprise video platform company based in Seattle.
