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
Britt Provost leaves Accolade to become Siteimprove’s first CHRO; Membrion adds Joe Zuback to advisory board
Seattle HR executive Britt Provost left Accolade to become Siteimprove's first chief human resources officer, remaining based in Seattle; Membrion added Joe Zuback to its advisory board and Seattle search firm Herd Freed Hartz promoted three partners.
Brian Goldfarb named Tenable CMO; Elizabeth Hamren becomes Discord COO; Kurt DelBene confirmed as VA CIO; Madrona adds three strategic directors
Several tech industry hires and appointments: Brian Goldfarb is CMO at Tenable; Elizabeth Hamren is COO at Discord; Kurt DelBene confirmed as VA CIO; Madrona Venture Group added three strategic directors; Christina Mautz joined Panopto.
Madrona Venture Group raises $120M Fund VII Extension to support 10–12 portfolio companies from its 2018 $300M fund
Madrona Venture Group has raised a $120 million Fund VII Extension Fund from prior investors to provide follow-on capital for 10–12 companies from its 2018 $300 million Fund VII, responding to larger, faster rounds in today’s frothy venture market.
Flexe hires Amazon biometrics lead Lara Rogers as SVP/GM; Magnify names ex‑Amazon Sajo Jacob CTO; Schuster joins Open Systems board
Several Seattle-area tech companies announced senior hires and board moves: Flexe hired former Amazon biometrics leader Lara Rogers as SVP and GM; Magnify named Sajo Jacob as CTO and co‑founder after a $6M launch; Open Systems added ex‑Microsoft exec Gavriella Schuster to its board; Fabric and Scener also announced senior appointments.
Bellevue’s tech boom draws Amazon, Apptio and major firms as city positions itself as Seattle alternative
Bellevue has become a major tech hub attracting companies like Amazon, Apptio, T-Mobile, Smartsheet, OfferUp and Icertis thanks to its downtown, livability, low crime and business-friendly policies, with major expansions including Amazon’s plan to employ 25,000 there.
Convoy appoints John Morrow as general counsel effective Nov. 1; ex-AWS VP Steven Shure joins Neeva as chief business officer
Convoy named John Morrow as general counsel effective Nov. 1, following multiple legal leadership departures in 2021; Morrow previously served at Apptio and Paymentus. Separately, former AWS VP Steven Shure joined ad-free search startup Neeva as chief business officer and will remain based in Seattle.
Relevvo raises $1.5M seed to power personalized B2B sales messaging from Microsoft and LinkedIn veterans
Seattle startup Relevvo, founded by veterans from Microsoft, LinkedIn and other firms, raised a $1.5 million seed round to sell a B2B ‘relevance engine’ that delivers personalized sales messaging at scale to replace ‘spray and pray’ outreach. The seven-person company counts customers like iSpot, Esper, Hiya and CourseKey and was founded by Aashish Dhamdhere and Tushar Shanbhag.
Strike Graph raises $8M Series A to expand AI-driven SOC 2 and privacy compliance services
Seattle startup Strike Graph raised $8 million in a Series A to expand its compliance automation platform that simplifies SOC 2 and other security/privacy certifications using AI; the company says it has 4x customer growth since October 2020 and a 100% clean audit rate among customers.
Microsoft acquires Seattle AI spend-analysis startup Suplari, to integrate with Dynamics 365
Microsoft has acquired Seattle startup Suplari, which uses AI to analyze procurement and spending data and manages over $180 billion in spend; Suplari’s Spend Intelligence Cloud will remain available to existing customers and will be paired with Microsoft Dynamics 365. Terms were not disclosed; Suplari — a 40-person company founded in 2016 that raised $18 million — provides AI-driven cost-savings and risk insights across enterprise systems.
Qualtrics acquires Seattle journey-orchestration startup Usermind to bolster XM Directory
Qualtrics has acquired Seattle-based marketing startup Usermind, a 2013-founded leader in journey orchestration with about 40 employees, to strengthen its Qualtrics XM Directory and customer interaction tracking. Usermind, led by CEO Michel Feaster, raised $14 million in January, weathered pandemic layoffs, and saw increased demand as companies accelerated digital adoption.
Sally Jewell named Edward V. Fritzky chair at UW Foster; Riveter CEO Amy Nelson relocates to Columbus; other exec moves
A roundup of leadership moves: former Interior Secretary Sally Jewell will be the Edward V. Fritzky endowed chair at UW Foster School for 2021–22; Riveter CEO Amy Nelson is relocating to Columbus but will remain with the company; and several other executives (including Jeff Blackburn, Randy Tinseth, and Vinayak Hegde) are taking new roles or joining boards.
Wyze names former Nike exec Francis Lee as first CFO; OutSystems raises $150M at $9.5B valuation as CMO relocates to Seattle
Wyze Labs named longtime Nike executive Francis Lee as its first CFO as the Kirkland smart-home startup expands after a Series A; OutSystems closed a $150M funding round valuing it at $9.5B while moving CMO Robson Grieve to Seattle. Additional regional moves include Lisa Nelson joining Flying Fish Partners as a venture partner and Apptio naming Kevin Meeks chief customer officer.
Apptio acquires Targetprocess to create 'Apptio Targetprocess' uniting IT financial management and agile portfolio planning
Apptio has acquired enterprise agile planning startup Targetprocess to combine IT financial governance with agile portfolio and work management, creating a unified product called Apptio Targetprocess to give clients a single platform for investment visibility and agile transformation.
Shuffl founders Matthew Lee and Chris Watts launch Slack and Teams app to match coworkers; ~1,000 teams installed
Shuffl is a startup launched in 2019 by CEO Matthew Lee and CTO Chris Watts that creates randomized or intentional introductions for coworkers through Slack and Microsoft Teams to encourage workplace connection. The app automatically creates channels, schedules one-on-one or group meetups, provides video links and icebreakers, and has been installed by about 1,000 teams.
Tom Alberg invested in Amazon’s 1995 seed round, joined its board and co-founded Madrona to build Seattle’s tech scene
Tom Alberg invested in Amazon’s 1995 seed round, joined its board, and later co-founded Madrona Investment Group to back Pacific Northwest internet startups, helping shape Seattle’s tech ecosystem. His early bets and leadership influenced regional tech growth and left a legacy noted by Jeff Bezos and others.
Madrona leads $3.9M seed for Strike Graph to automate SOC 2 compliance, promises 45-day certification
Seattle startup Strike Graph, spun out of Madrona Venture Labs, raised $3.9 million in a seed round led by Madrona Venture Group to help B2B companies automate and accelerate SOC 2 compliance. The five-person team, led by CEO Justin Beals and co-founder Brian Bero, says its platform can deliver SOC 2 Type 1 certification in 45 days and save customers roughly $50,000 in consultant fees.
Snowflake raises $3.4B in largest software IPO, opens at $245 and closes at $253.93 valuing company over $60B; Madrona an early investor
Snowflake raised $3.4 billion in the largest-ever software IPO, pricing at $120 and opening at $245 before closing at $253.93 to value the company above $60 billion; early investor Madrona Venture Group, which invested in 2017, benefited though it holds under 5% and did not disclose stake value.
Madrona leads $27M round in Fauna; Bob Muglia named executive chairman, Eric Berg becomes CEO
Madrona Venture Group led a $27 million investment in Fauna, the San Francisco-based database startup founded by two former Twitter engineers, bringing total funding to $57 million and appointing Bob Muglia as executive chairman and Eric Berg as CEO. Fauna focuses on cloud-native, serverless-accessible databases (FaunaDB) and will add Madrona’s S. Somasegar to its board.
Hiya names Hillery Nye GC and John Novak SVP of Marketing; Unity hires Scott Pitasky; Bellevue College appoints Gary Locke interim president
Seattle caller-ID startup Hiya hired Hillery Nye as general counsel and John Novak as SVP of marketing; Unity Technologies named Scott Pitasky chief people officer. Bellevue College appointed former Washington governor Gary Locke as interim president starting June 15.
Madrona Venture Labs spinout StrikeGraph launches to automate SOC 2 compliance, led by Justin Beals and Brian Bero
Madrona Venture Labs has launched StrikeGraph, a Seattle startup led by Justin Beals and Brian Bero that automates and simplifies the SOC 2 cybersecurity compliance process to reduce time and cost for companies seeking certification.
Smartsheet CFO Jennifer Ceran joins Auth0 board; Auth0 hires three execs; Outreach opens NYC office led by David Rubinstein
Smartsheet CFO Jennifer Ceran joined the board of Bellevue identity provider Auth0 as she prepares to retire, and Auth0 added three senior hires: Holly Files (SVP customer success), Cassio Sampaio (VP product) and Ken Oestreich (VP product marketing). Separately, Seattle sales-engagement firm Outreach is opening a New York City office led by David Rubinstein as part of its U.S. and international expansion.
Apptio CEO Sunny Gupta to receive $196 million as Vista Equity closes $1.94B take-private at $38 per share
Apptio CEO and co-founder Sunny Gupta stood to receive about $196 million after Vista Equity Partners completed a $1.94 billion buyout at $38 per share, a 53% premium over Apptio's market price.
