Amperity Undertakes Layoffs Amid AI-Driven Operational Shift Under New Co-CEOs Shahani and Slager
Seattle-based customer data startup Amperity conducted unspecified layoffs as it shifts its operations toward increased artificial intelligence integration under new co-CEOs Kabir Shahani and Derek Slager. The company, with over 200 employees globally, aims to build a stronger AI-driven future following leadership changes including the CEO transition earlier in 2024.
Amperity Founders Derek Slager and Kabir Shahani Reassume Co-CEO Roles After Tony Owens' Departure in 2024
Amperity founders Derek Slager and Kabir Shahani have resumed co-CEO roles following the planned departure of former CEO Tony Alika Owens, aiming to drive growth amid rising AI demand. CFO Amy Kelleran Pelly also expands her role to president while retaining CFO duties.
Fuse leads $10M Seed in Avante to build AI-powered infrastructure for employer healthcare benefits
Fuse led a $10 million Seed round, joined by HighSage Ventures, in Avante—an infrastructure platform that centralizes benefits data and uses AI to help employers manage employee healthcare more efficiently. Avante, led by CEO Rohan D’Souza and co-founder Carly Eckert, plans to expand its team and hire five roles as it scales its platform to reduce administrative burden and improve benefits outcomes.
Avante Raises $10 Million Seed Round Led by FUSE; Kellan Carter to Join Board
Avante, a stealth Seattle startup led by former OliveAI executives Rohan D’Souza and Carly Eckert, raised $10 million in seed funding led by Bellevue-based FUSE with participation from Ascend Venture Capital, Highsage and angel investors. The funding will accelerate product development, expand engineering and data science teams, and FUSE’s Kellan Carter will join Avante’s board as the company scales after beginning development in fall 2023.
Seattle Startup Avante Raises $10M Seed Round Led by Fuse Venture Partners with Ex-Olive AI and Amperity Leaders
Seattle startup Avante, led by former Olive AI and Amperity executives, raised $10 million in a seed round led by Fuse Venture Partners to build an employee intelligence platform focused on healthier workforces. The company remains in stealth mode without detailed public disclosures about its plans.
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.
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.
Madrona and Goldman Sachs Publish Inaugural IA40 of Top 40 Private AI Business-App Startups; Four Seattle Firms Included
Madrona Venture Group and Goldman Sachs released the inaugural Intelligent Applications Top 40 (IA40) list of private companies building business AI applications, based on votes from 40 venture firms plus Amazon and Microsoft and narrowed by 50 judges from over 220 nominees. Four Seattle-area companies — Amperity, OctoML, SeekOut, and one unnamed here — made the list; Amperity recently raised $100 million to reach unicorn status and OctoML raised $85 million.
Amperity raises $100M Series D, becomes Seattle’s newest unicorn with $187M total funding
Seattle-based marketing startup Amperity raised $100 million in a Series D round, valuing it above $1 billion and bringing its total funding to $187 million. The company’s customer data platform helps brands like Alaska Airlines, Kroger and Starbucks unify fragmented first-party customer data to improve targeted marketing amid cookie restrictions and rising digital adoption.
