Igneous

Igneous is a Seattle-area startup that is listed as part of WestRiver Group's portfolio.

Facts

HQ
Seattle
Sectors
Data management, Storage, Unstructured data
Stage
startup

WestRiver Group Sells Debt Investment Business to SVB Financial Group; Erik Anderson Named Executive Chairman of New SVB Capital Credit Platform

Seattle-based WestRiver Group agreed to sell its debt investment business to SVB Financial Group to form the SVB Capital Credit Platform, with WestRiver CEO Erik Anderson joining SVB as executive chairman; terms were not disclosed. WestRiver manages about $2 billion AUM and holds investments including Singularity University and several Seattle startups.

Pandemic Accelerates Adoption of Enterprise Software in Seattle, Boosting Cloud and Cybersecurity Startups

The COVID-19 pandemic is accelerating adoption of enterprise software in the Seattle and Pacific Northwest tech scene, highlighting startups in cloud computing and cybersecurity that dominate the GeekWire 200. Analysts say enterprise cloud firms appear relatively resilient to recessionary pressures compared with consumer-facing startups, though risks remain if businesses cut spending.

Igneous lays off staff amid ‘difficult economic environment’; CEO role held by Dean Darwin

Seattle-based unstructured data management startup Igneous has conducted a reduction in force amid a difficult economic environment; the company declined to disclose the number of layoffs and lists 69 employees on LinkedIn. Founded in 2013, Igneous raised $25 million in a 2019 Series C (bringing total funding to $70M) and recently replaced co-founder Kiran Bhageshpur with Dean Darwin as CEO.