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- Venture capital
Nikesh Parekh: VC Has Split — AI Winners Capture Record Capital While Most Founders Struggle; Explore Alternatives
Seattle investor Nikesh Parekh argues venture capital has bifurcated: outsized AI-focused winners capture record funding while most founders face tougher fundraising. He recommends founders consider alternatives — angel rounds, venture debt, revenue-based financing, and bootstrapping — to reach profitability.
Microsoft Acquires Seattle Data Analytics Startup Osmos to Integrate Autonomous Data Engineering into Microsoft Fabric
Microsoft has acquired Seattle-based startup Osmos to integrate its autonomous data engineering technology into Microsoft Fabric, enhancing data ingestion and preparation. Osmos will sunset its standalone products by January 2026 as its team joins Microsoft's Azure Data Analytics efforts.
Pioneer Square Labs' Greg Gottesman Forecasts Generative AI Will Transform Venture Capital Operations by 2033
Greg Gottesman of Pioneer Square Labs predicts venture capital will fundamentally change in the next 5-10 years, increasingly leveraging generative AI to provide startups with more than just funding, including operational and coding support. Sheila Gulati of Tola Capital adds that early-stage investing is becoming more democratized, with a broader investor pool amid the recent AI-driven revival in venture capital.
Bateau raises $4M led by CRV for business-intelligence software serving $69B U.S. senior living market
Seattle startup Bateau raised $4 million in a round led by CRV to expand its business-intelligence software for the $69 billion U.S. senior living market; the nine-person company was founded in June 2019 by CEO Paul Jarvis and co-founder Henry Hutcheson.
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.
Usermind lays off 15 employees (25% of staff) amid COVID-19; CEO Michel Feaster calls it heartbreaking
Seattle marketing-software startup Usermind laid off 15 employees — about 25% of its staff — citing economic impact from the COVID-19 crisis, CEO and co-founder Michel Feaster said. The company, founded in 2013 and backed with over $45 million in funding, will help affected workers find new jobs while focusing on its customer-journey platform.
