Concur
Facts
- HQ
- Bellevue, WA, US
- Sectors
- Software Development
- Founded
- 1993
- Employees
- 6562
- Stage
- null
Steve Thompson launches StickyHealth on Sept. 1, 2026 to boost GLP-1 patient retention using LTV+ and Miri AI
Steve Thompson launched StickyHealth, a retention-focused support and intervention platform for GLP-1 and wellness companies that combines LTV+ analytics with Miri AI to support patients after prescription and identify churn risk earlier. The platform aims to improve patient retention and lifetime value by capturing behavioral signals and enabling timely interventions during the post-prescription period.
Highspot closes multi‑billion‑dollar merger with Seismic on August 18 after regulatory approval
Highspot completed its multi-billion-dollar merger with Seismic on August 18 after regulatory approval, capping a journey since 2012 that built a leading AI-driven sales enablement platform used by over a million users and 1,000 customers.
Insurtech Faye raises $50M led by Madrona, bringing total funding to $100M as it scales AI and international growth
Faye, a Richmond-based travel insurance app, raised $50 million led by Madrona, bringing its total funding to $100 million since 2022 to scale AI, expand internationally, and improve claims and UX; the company reported millions of customers and $100 million in annualized revenue last year. Co-founder and CEO Elad Schaffer called the raise a shift from startup to scale-up as Faye pursues growth toward a possible future IPO.
Madrona Leads Faye’s Series C; Chris (Madrona) Joins Board as Faye Reimagines Travel Insurance
Madrona is leading Faye’s Series C investment because Faye has built a better, autonomous traveler care platform and improved whole-trip travel insurance that addresses slow, confusing incumbent products. The firm highlights travel’s growing disruptions and says Faye’s product delivers faster, more usable protection and better claims experiences for modern travelers.
Otto The Agent Adds Car Rental Booking, Becoming the Only AI Covering Entire Business Travel
Otto The Agent, an AI travel assistant developed by veterans from Expedia, Egencia, and Concur, now offers car rental booking, making it the only business travel AI that handles the entire trip.
Data Visualization Veterans Ellie Fields and Jeffrey Heer Launch Ridge AI with $2.6M Led by Madrona to Enhance SaaS Analytics
Data visualization experts Ellie Fields and Jeffrey Heer launched Ridge AI with $2.6M in pre-seed funding from Madrona and prominent angels to help SaaS companies embed interactive analytics and AI data agents quickly into their products. Ridge AI aims to fix persistent issues in web-based data presentation by enabling rapid creation of interactive dashboards and data agents sharing the same dataset.
Ramp Acquires 2024-Founded Corporate Travel Startup Juno Backed by Madrona
Ramp acquired Juno, a 2024-founded corporate travel expense startup backed by Madrona and Bungalow Ventures, with Juno’s founders continuing as co-CEOs. The acquisition aims to integrate Juno’s platform for managing non-employee expenses into Ramp’s fintech offerings while preserving Juno’s brand and team.
Otto Launches AI Travel Assistant Led by Ex-Expedia Exec to Personalize Business Travel End-to-End
Seattle-based startup Otto, founded by former Expedia executive Michael Gulmann, has launched Otto the Agent, an AI-powered business travel assistant designed to personalize bookings and manage travel end-to-end. The platform learns individual travel preferences and integrates with calendars to proactively suggest itineraries, aiming to replicate the service level of a top executive assistant.
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.
Seattle AI Startup Vouched Raises $17M Series A to Enhance Identity Verification with Mobile Licenses and AI Agent Security
Seattle-based ID verification startup Vouched raised $17 million in a Series A funding round led by Spring Rock Ventures, advancing AI tools for identity verification including mobile driver’s licenses and AI agent reputation. CEO Peter Horadan emphasized transformative changes in identity verification prompted by emerging technologies and security needs.
Concur Co-Founders Back SCALA.AI to Revolutionize Customer Experience with AI Across Healthcare, Finance, and Retail
Seattle startup SCALA.AI, backed by Concur co-founders Raj Singh and Mike Hilton, is developing AI-driven customer experience solutions for sectors like healthcare, finance, and retail. Led by CEO Ardie Sameti, SCALA.AI aims to offer advanced, vertically tailored AI platforms beyond basic automation.
Former Salesforce Exec Tony Alika Owens Named CEO of $1B-Valued Customer Data Startup Amperity
Tony Alika Owens, a former Salesforce executive, was appointed CEO of Seattle-based customer data platform startup Amperity, which reached a $1 billion valuation in 2021. Owens plans to expand Amperity's AI-driven product offerings and target more technical users and smaller customers.
Flexe Names Pirasenna Thiyagarajan CTO; Talus Bioscience Appoints Gaelle Mercenne Amid $11.2M Funding; Vouched Adds David McGrath as Sales VP
Flexe appointed Pirasenna Thiyagarajan as chief technology and product officer following CTO David Glick's departure. Talus Bioscience hired Gaelle Mercenne as head of biology after securing $11.2 million in funding, while Vouched named David McGrath as vice president of sales amid leadership changes.
Seattle Tech Vet Peter Horadan Named CEO of Vouched to Lead AI-Driven Identity Verification Amid Rising Deepfake Concerns
Peter Horadan, an experienced Seattle tech executive formerly with Avalara and Lockstep, has become CEO of identity verification startup Vouched. He aims to leverage AI to address rising challenges in online identity verification amidst deepfakes, while co-founder John Baird transitions to chief strategy officer.
Otto Startup, Led by Expedia Veteran and Madrona Chairman, Raises $6M to Develop AI Assistant for Business Travel Booking
Seattle-based startup Otto, led by Expedia veteran Michael Gulmann and chaired by Steve Singh of Madrona Ventures, is developing an AI virtual assistant using GPT-4 to simplify business travel booking. The company raised $6 million in a seed round led by Madrona and aims to offer its product for free while earning revenue through booking facilitation.
Concur Founder Steve Singh Leads Acquisition of Direct Travel to Enhance Corporate Travel Experience
Steve Singh, former CEO of Concur, led a group of investors in acquiring Direct Travel, a corporate travel management firm with over $300 million in revenue, aiming to create a seamless travel experience. Christal Bemont has been appointed as the new CEO of Direct Travel, with Singh serving as executive chairman.
Center Raises $30M Series C to Expand Corporate Expense Software with API and Bank Partnerships
Center, a Seattle-area startup offering a corporate credit card and real-time expense analytics platform used by over 1,000 companies, raised $30 million in Series C funding to expand via APIs and potential bank partnerships. The company has seen 64% customer growth and doubled revenue, aiming to innovate with AI and industry-specific integrations.
Sustainable Chicken Sandwich Startup Mt. Joy Raises $1.5M and Opens First Seattle Restaurant
Entrepreneur Robbie Cape launched Mt. Joy, a sustainable chicken sandwich startup, opening a Seattle brick-and-mortar location after a food truck debut and raising $1.5 million from notable investors. The restaurant emphasizes sustainable farming and locally sourced ingredients to promote regenerative agriculture.
Madrona Venture Labs Raises $11M for Fifth Fund to Accelerate AI Startups, Including Generative AI
Madrona Venture Labs raised $11 million for its fifth fund to support AI startups, planning to back 12 new companies with a focus on intelligent applications and generative AI. Since its 2014 founding, the Seattle-based studio has raised $40 million, backed 32 companies, and offers funding and advisory services to early-stage startups.
Amperity cuts 13 roles (3% of staff) amid reorganization while planning continued hires and investments
Seattle customer-intelligence startup Amperity laid off 13 employees (about 3% of its 375-person workforce), primarily from its talent acquisition team, while saying it will continue hiring and invest in growth. CEO Barry Padgett attributed the cuts to organizational alignment with strategic growth plans; the company became a unicorn in July 2021 after a $100 million raise and values at $1 billion.
Spotnana Secures $75M Series B Led by Durable Capital to Build 'AWS for Travel Industry'
New York City startup Spotnana raised $75 million in a Series B funding led by Durable Capital Partners LP to develop an open platform for business travel technology, with investments from Madrona Venture Group and others. The company aims to rebuild travel industry infrastructure and anticipates a strong post-pandemic recovery in business travel.
Seattle Startup Lockstep, Backed by American Express, Launches Free Shared Accounting Inbox Amid Rapid Growth
Seattle startup Lockstep, backed by American Express and led by CEO Peter Horadan, is growing rapidly with 20,000 customers and a rising demand for its accounting automation software. The company just launched Lockstep Inbox, a free shared accounting inbox, aiming to become the 'LinkedIn of accounting' by automating manual financial workflows.
Former Amperity CEO Kabir Shahani Resigned From CEO Role and Board Last Week, Says He Left Voluntarily
Kabir Shahani unexpectedly resigned as CEO of Seattle marketing tech startup Amperity last week and has also left the company’s board; he told GeekWire he left voluntarily for personal reasons while Amperity executives have not publicly commented.
Amperity CEO and co-founder Kabir Shahani steps down; Barry Padgett named CEO as company scales after $100M round
Amperity CEO and co-founder Kabir Shahani has relinquished the CEO title seven months after the company raised $100 million and reached unicorn status; president and COO Barry Padgett becomes CEO and Monica Pool Knox is named chief people officer. The company called 2021 a record year, offered no explanation for Shahani's departure, and said it will focus on scaling its customer-data software business.
SAP makes undisclosed investment in Icertis amid expanded partnership after SoftBank valued startup at $5 billion
Icertis, a Bellevue-based contract management startup, received an undisclosed investment from SAP as part of an expanded partnership; the move follows an October SoftBank investment that valued Icertis at $5 billion. The company previously raised $80 million in March and was valued at $2.8 billion then; total funding and exact SAP stake were not disclosed.
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Mike Hilton Co-founder, Concur
