Facts
- HQ
- Madrona
- Sectors
- Financial Services
- Founded
- 1995
- Employees
- 135
- Stage
- Seed
- Last fund
- MADRONA VENTURE FUND X, L.P. · $489.6M · 2025 SEC Form D
- Funds raised
- 10 funds SEC Form D filings
- Total capital
- $1.7B SEC Form D filings
OpenAI's $1.1B Statsig Acquisition and Other Billion-Dollar Deals Finalists for 2026 GeekWire Deal of the Year
The 2026 GeekWire Awards feature finalists including billion-dollar deals by OpenAI and others, a rare Seattle-area IPO, and a $5 billion mega-round, all recognized for their significant impact on Northwest tech. Voting for the Deal of the Year, which highlights key transactions in innovation, runs through April 16.
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.
UW Students Pitch AI Startup Ideas to Seattle Venture Capitalists After 10-Week Program at Pioneer Square Labs
University of Washington students from seven teams pitched AI-driven startup ideas to influential Seattle investors at Pioneer Square Labs, concluding a 10-week entrepreneurship program led by venture capitalist Greg Gottesman and UW professor Ed Lazowska. The event featured realistic pitch rounds, attracting prominent tech leaders as guests throughout the course.
Temporal Raises $300M Series D Led by Andreessen Horowitz, Valued at $5B Amid AI Infrastructure Surge
Temporal, led by CEO Samar Abbas, raised $300 million in a Series D round at a $5 billion valuation, driven by surging demand for its durable execution infrastructure supporting AI agents. The company’s revenue grew over 380% year-over-year as it positions itself as a core infrastructure provider for the emerging AI agent platform shift.
The Infrastructure of Intelligence: Inside Crusoe's Massive AI Factory in Texas
In this episode of Founded & Funded, Ben Gilbert, co-host of the Acquired podcast, sits down with Chase Lochmiller, co-founder and CEO of Crusoe-AI, the company building what it calls AI factories, including its massive campus in Abilene, Texas, which are designed to power this new era of intelligence. In this conversation, Ben and Chase explore the physical reality behind today's AI revolution. Why modern AI workloads demand entirely new infrastructure. How energy has become the primary bottleneck to scaling intelligence. What it takes to compress multi-year building timelines into months. And how Crusoe's energy-first philosophy, from capturing flared methane…
Temporal Raises $300M at $5B Valuation to Support Reliable AI Agent Workflows in Production
Temporal raised $300 million in a Series D round led by Andreessen Horowitz, doubling its valuation to $5 billion by supporting reliable execution for AI systems. The Bellevue-based company's software powers long-running workflows for clients like OpenAI, with revenue and usage surging significantly as AI agent deployments grow.
Scala Raises $8.5 Million Seed Round Co‑Led by Madrona Venture Group and FUSE
Scala, an operational intelligence platform for modern contact centers based in Bellevue, Washington, raised $8.5 million in a Seed funding round co-led by Madrona Venture Group and FUSE. The announcement was reported by Ben Murray on February 17, 2026.
Highspot to Merge with Seismic in Major Sales Software Deal Led by Seismic CEO Rob Tarkoff
Seattle-based enterprise software companies Highspot and Seismic have signed a definitive agreement to merge, with the combined company operating under the Seismic name and led by Seismic CEO Rob Tarkoff. The merger unites two major revenue enablement platforms, with Highspot CEO Robert Wahbe joining the board and Permira remaining as controlling shareholder.
Seattle Startup Accelerator Foundations Expands to San Francisco with New 5,000-Sq-Ft Location in Q2 2024
Seattle-based startup accelerator Foundations is opening a new 5,000-square-foot location in San Francisco to support founders who split time between the two tech hubs, responding to shifting market dynamics and growing startup momentum in the Bay Area. The expansion aims to bridge Seattle and San Francisco communities without abandoning Seattle, enabling members to access both spaces starting in Q2 2024.
Former GitHub CEO Thomas Dohmke Raises $60M Seed for Entire, a $300M-Valued AI Developer Platform
Thomas Dohmke, former GitHub CEO, launched Entire, a developer platform aimed at AI coding agents, backed by a historic $60 million seed round valuing the company at $300 million. Entire’s first open-source tool, Checkpoints, helps teams audit AI-generated code, supporting AI agents like Anthropic's Claude Code and Google's Gemini CLI.
Amazon Announces $200 Billion AI Infrastructure Investment Amid Microsoft Market Value Drop and AI Industry Insights from Oren Etzioni
Amazon plans $200 billion in capital expenses this year mainly to expand AI infrastructure, while Microsoft experiences a significant market value drop due to OpenAI reliance. AI expert Oren Etzioni discusses AI agents, deepfakes, and AI industry dynamics in a GeekWire Podcast interview.
Amazon's big bet, a 'MySpace for bots', and a conversation with AI veteran Oren Etzioni
Upcoming GeekWire Podcast Live Event: Join us from 4 p.m. to 6 p.m. Thursday, Feb 12 at Fremont Brewing for a live recording of the GeekWire Podcast with Todd Bishop and John Cook. Free for Fremont Chamber members, $15 otherwise. Register here. This week on the show: Andy Jassy tells Wall Street that Amazon is planning $200 billion in capital expenses this year, mostly to build out AI infrastructure, and investors give it a thumbs down. Microsoft's financial results beat expectations but the company loses $357 billion in market value in a single day after investors learn the extent of…
Icertis Co-founder and Former CEO Samir Bodas Dies at 61 After Battling Cancer
Samir Bodas, co-founder and former CEO of Icertis, passed away at 61 after battling cancer, leaving behind a legacy of leadership that emphasized team success over individual accolades. His close friendships, including with Microsoft CEO Satya Nadella, reflected his entrepreneurial spirit and commitment to fostering company culture rooted in personal values.
Amazon Leo VP Steve Rabuchin Retires; Madrona Partner Jon Turow Joins Anthropic; Meta's Hrvoje Benko Exits Amid Layoffs
Steve Rabuchin retired after over 20 years at Amazon, including leading Project Kuiper, while Jon Turow left Madrona to join Anthropic's technical team. Additionally, Hrvoje Benko departed Meta Reality Labs amid layoffs affecting 331 employees in Washington state.
Former Madrona VC Investor Joins Anthropic, Retains Venture Partner Role at Madrona
After four years as a venture capital investor at Madrona, the author is transitioning to a new role at Anthropic while maintaining a Venture Partner relationship with Madrona.
Former Madrona VC Investor Joins Anthropic, Maintains Role as Madrona Venture Partner
After four years as a venture capital investor at Madrona, the author is transitioning to a new role at Anthropic while maintaining a Venture Partner position at Madrona.
Lassen Peak Raises $10M to Commercialize Handheld Radar Scanner for Safe Concealed Weapon Detection
Lassen Peak, a Bellevue startup, is commercializing a handheld radar scanning device that detects concealed weapons from several feet away, aiming to reduce dangerous police pat-downs. The device uses a custom semiconductor chip operating at ultra-high frequencies to create detailed images through clothing, potentially improving officer safety and public trust.
Seattle Data Governance Startup Codified Winds Down as CEO Yatharth Gupta Joins Google
Seattle data governance startup Codified is winding down as its founder and former CEO, Yatharth Gupta, takes a new role as director of product management at Google. The company, which raised $4 million in seed funding in February 2024 and developed AI-driven data access controls, provided no further details on the shutdown.
Seattle Recycling Startup Ridwell Grows to 130,000 Customers and Raises $15M for New Mail-In Service
Ridwell, a Seattle-based recycling startup, has expanded its services to include a mail-in option that has attracted around 20,000 users, growing its customer base to 130,000 nationwide. The company recently raised $15 million to support its growth and continues to promote its services through community meetups across the U.S.
Seattle AI Startup Yoodli Raises $40M, Valuation Hits $300M, Shifts to Enterprise Experiential Learning
Seattle startup Yoodli, which offers AI-powered conversation coaching software, has tripled its valuation to about $300 million following a $40 million funding round announced just eight months after a $13.7 million raise. The company is shifting focus from consumer public speaking to enterprise experiential learning, partnering with firms like SAP and Google to improve employee communication skills.
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.
Seattle Startup Gradial Raises $35M Series B to Expand AI Platform Automating Enterprise Marketing Workflows
Seattle startup Gradial raised $35 million in a Series B round led by VMG Partners to expand its AI platform that automates enterprise marketing workflows. The company's total funding is $55 million, valuing it at $350 million, with clients including AWS, Prudential, and T-Mobile.
Seattle AI Startup Yoodli Raises $40M Series B Led by WestBridge Capital Amid 900% Revenue Growth
Seattle AI startup Yoodli raised $40 million in a Series B round led by WestBridge Capital, after reporting 900% revenue growth and tripling its staff to over 40. The company offers AI-powered conversational practice software used by major clients like SAP and Google, and plans to expand into experiential learning.
The Analyst Mindset in Venture: Madrona Investor Rasik Parikh's story
In this episode of Founded & Funded, Madrona Digital Editor Coral Garnick Ducken sits down with Investor Rasik Parikh to unpack his journey from public markets to venture capital and what makes a founder stand out. Rasik shares how working across institutional investing, M&A, and now enterprise AI at Madrona has shaped his analytical mindset and founder-first approach. They dive into how to build information asymmetry as an early-stage investor, why storytelling matters more than metrics in early fundraising, and what Rasik looks for in founders. Founders building in security, agentic software, or enterprise AI — this one's for you…
Seattle's Founders' Co-op Raises $50M Sixth Fund to Back Early-Stage Pacific Northwest Tech Startups
Seattle venture firm Founders' Co-op has raised a $50 million sixth fund, focusing on early-stage Pacific Northwest tech startups with initial investments of $1 million to $1.5 million. Founded in 2008, the firm has backed billion-dollar companies like Remitly, Outreach, and Auth0 and aims to invest in about 30 new companies without targeting specific verticals.
Fund History
People
See all 16-
Bill Ruckelshaus Founder, Founder and Strategic Director
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Paul Goodrich Founder
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Steve Singh Founder, Co-founder of Concur and Managing Director
