Microsoft
Facts
- HQ
- NASDAQ:MSFT
- Sectors
- Technology, Workplace tools, Cloud
- Founded
- 1975
- Employees
- 221000
- Stage
- Public
GeekWire opens voting for 2021 Startup CEO of the Year with five finalists including OctoML, Syndio and WhyLabs
GeekWire is running community voting for its 13th annual GeekWire Awards, featuring five finalists for Startup CEO of the Year: Luis Ceze (OctoML), Maria Colacurcio (Syndio), Mike McSherry (Xealth), Ray Meiring (Qorus Software) and Alessya Visnjic (WhyLabs); voting closes April 30 and winners are announced May 20 at a virtual event.
Venture Out launches $1,499 Moonlighter Lab to help full-time workers validate startups while keeping day jobs
Seattle nonprofit Venture Out launched Moonlighter Lab, an 8-week program that charges $1,499 to help full-time workers validate startup ideas while keeping their day jobs; some participants from the January cohort later quit to pursue startups. Venture Out, co-founded by Sean Sternbach and Ken Horenstein, previously ran a 12-week Venture Lab exchanging 4% equity and raised $700,000 last year led by M12.
Teal Communications raises $9.1M to scale eSIM platform connecting IoT devices to 2,000+ networks in 195 countries
Seattle-area IoT startup Teal Communications raised $9.1 million to expand its eSIM platform that connects devices to over 2,000 networks in 195 countries and plans to grow headcount from 15 to 45 this year.
Coinbase IPO Soars to $85 Billion, Nets Windfalls for Early Backers Including Version One Ventures
Coinbase’s IPO pushed its valuation to $85 billion and delivered major returns to early investors like Version One Ventures, which made a highly profitable bet years ago. The article examines how Seattle and Pacific Northwest investors view crypto and blockchain as the region seeks to grow its fintech presence amid emerging local startups and initiatives.
Rad Power Bikes co-founder Ty Collins steps down to advisory role; WRF CEO Ron Howell to retire end of April
Rad Power Bikes co-founder and former CMO Ty Collins has stepped down and moved into an advisory role while remaining involved; the company is profitable and raised $150 million earlier this year. Washington Research Foundation CEO Ron Howell will retire at the end of April after 29 years, with CFO Jeff Eby serving as acting CEO.
Dendron raises $2M seed to scale IDE-style open-source note tool, founded by ex-AWS engineers Kevin Lin and Kiran Pathakota
Seattle-based open-source note-taking startup Dendron raised $2 million in seed funding to scale a tool that applies IDE-style structure to managing large personal and institutional information, founded by ex-AWS engineer Kevin Lin and former Amazon TPM Kiran Pathakota.
Spot, founded by former Outreach executives Gordon Hempton and Wes Hather, raises $1.7M to build ‘Sims for the enterprise’ virtual offices
Spot, a year-old Seattle startup founded by former Outreach co-founders Gordon Hempton and Wes Hather, has raised $1.7 million to build virtual office software described as “The Sims for the Enterprise.” The seven-person company, currently in closed beta, has created hundreds of virtual worlds for events and HQs and competes with platforms like Gather, Teamflow, Virbela and Branch amid continued remote and hybrid work tailwinds.
Former Facebook Seattle Chief Vijaye Raji launches Statsig to bring feature-testing tools to developers
Vijaye Raji, a former Facebook engineering leader, founded Seattle-area startup Statsig to provide feature-testing and analytics tools (like feature gates and metric maps) to developers, with usage-based pricing and a free tier. The company hopes to democratize internal tools Facebook used, has competitors, disclosed no funding but attracted endorsement from investor S. 'Soma' Somasegar.
Ad Lightning CEO Scott Moore says he pulled company from downtown Seattle over safety, homelessness and transit, won’t return
Ad Lightning CEO Scott Moore says he pulled his company out of downtown Seattle because employees don’t feel safe amid crime and homelessness and poor transit, and he doesn’t plan to return until durable solutions are in place; he warns Seattle is losing competitiveness to Eastside cities like Bellevue and Redmond.
Bill Gates’ Breakthrough Energy Ventures invests $24.3M in ZeroAvia, lifting private funding past $53M
Bill Gates’ Breakthrough Energy Ventures led a follow-up $24.3 million investment in ZeroAvia’s hybrid hydrogen-electric aircraft powertrains, joining prior investors and bringing the company’s total private funding to more than $53 million and nearly $74 million including grants. ZeroAvia plans a 19-seat hydrogen-electric demonstration by 2023, commercialization of a 600 kW powertrain in 2024, and a 2 MW program targeting 50+ seat aircraft by 2026.
Common Room exits stealth with $52M in funding to monetize community engagement for enterprises
Seattle startup Common Room exited stealth after one year, announcing $52 million in total funding and enterprise customers testing its community-management software. The company integrates signals from platforms like Slack, Twitter and Discord to help companies grow user engagement and advocacy.
Advocat Technologies wins $200,000 top prize at San Diego Angel Conference for AI legal-drafting platform
Seattle-area legal tech startup Advocat Technologies won the $200,000 top prize at the San Diego Angel Conference for its AI system that automates intake and drafting for enterprise legal departments, saving in-house attorneys significant time. The Bellevue company, led by CEO Pradnya Desh, was previously bootstrapped, has raised an additional $800,000, and participated in several accelerator programs.
Startup Haven launches Startup Haven Ventures, adds Westerdal, Yu and Mbemba; PSL promotes three; Adam Selipsky named AWS CEO
Startup Haven, founded by Bob Crimmins, launched Startup Haven Ventures and expanded its team to include Jay Westerdal, Arry Yu and Claudius Mbemba; the fund targets pre-seed, capital-efficient companies with a Pacific Northwest focus and made its first investment in Verdi. Seattle’s Pioneer Square Labs promoted Palvi Mehta, David Zager and Ben Gilbert; separately, Tableau CEO Adam Selipsky will become AWS CEO, replacing Andy Jassy.
Rec Room raises $100M, becomes $1.25B Seattle unicorn after pandemic-fueled 566% revenue surge
Seattle-based social gaming startup Rec Room raised $100 million at a $1.25 billion valuation after explosive growth during the COVID-19 pandemic, driven by 15 million lifetime users and a 566% year-over-year revenue increase. The five-year-old company offers cross-platform tools for creating virtual rooms and games, has over 2 million creators, isn’t yet profitable, and plans an Android launch later this year.
Kymeta and Kepler demonstrate u8 flat-panel antenna achieving 100 Mbps and 2+ GB per pass in Arctic test
Kymeta and Kepler demonstrated that Kymeta's u8 flat-panel antenna can connect with Kepler’s LEO Global Data Service in Inuvik, Canada, achieving average uplink and downlink speeds of 100 Mbps and transferring over 2 GB per satellite pass in extreme cold.
Clearbrief raises $1.2M from Sequoia, Madrona and Avvo founder to commercialize AI legal-writing tool
Seattle startup Clearbrief raised $1.2 million from investors including Sequoia Capital, Madrona Venture Group and Avvo founder Mark Britton to commercialize AI-powered legal writing software that checks sentences against supporting evidence and integrates with Microsoft Word and the cloud.
5G Open Innovation Lab Names 15 Startups in Spring 2021 Cohort Backed by T-Mobile, Microsoft and NASA
The 5G Open Innovation Lab in Bellevue, Wash. selected 15 startups for its Spring 2021 cohort to help entrepreneurs leverage 5G, backed by partners including T-Mobile, Microsoft and NASA. The companies span markets such as automation, cybersecurity, fleet management, autonomous farming, logistics and healthcare.
Shelf Engine raises $41M to expand forecasting and scan-based ordering for Kroger, Walmart; serves 2,000 stores
Shelf Engine raised $41 million to expand its order-forecasting and automation platform used by grocers like Kroger and Walmart to reduce waste and trim costs; the company now serves about 2,000 stores and reported 15x revenue growth last year.
OctoML raises $28M Series B to speed ML deployment across phones, cars and cloud; backed by Apache TVM creators
Seattle startup OctoML, a University of Washington spinout led by CEO Luis Ceze, raised $28 million in Series B funding to help companies deploy and optimize machine-learning models across diverse hardware. The team — creators of Apache TVM — counts partners like Qualcomm, Microsoft and AMD, has ~1,000 early Octomizer sign-ups, 45 employees and plans >50% headcount growth this year.
Seattle VCs Report 28% Women in Senior Roles, Nearly Double U.S. Average of 14.2%
Seattle-area venture capital firms have nearly double the national share of women in senior roles (28% vs. 14.2%), with 25 women among 88 partners across 21 Washington firms, though overall parity remains distant and 61% of U.S. VC firms still have no women in key decision-making roles.
JetClosing raises $11M Series B, names former Amazon and Bulletproof exec Anna Collins as CEO
Seattle digital home-closing startup JetClosing raised an $11 million Series B led by funds advised by T. Rowe Price, Pioneer Square Labs and Trilogy Equity, bringing total funding to $44 million. The company also named former Amazon and Bulletproof executive Anna Collins as its new CEO, replacing founder Daniel Greenshields.
Icertis raises $80M Series F led by B Capital, valuation jumps to $2.8B; total funding $280M
Seattle-area contract-management software company Icertis raised an $80 million Series F, boosting its valuation to $2.8 billion and bringing total funding to $280 million as it reports revenue north of $100 million and 1,400 employees worldwide.
Former Microsoft Azure distinguished engineer Kushagra Vaid joins Eclipse Ventures as partner; Mary Shea named Outreach’s first evangelist
Multiple Pacific Northwest tech moves: former Microsoft Azure distinguished engineer Kushagra Vaid joined Eclipse Ventures as a partner and is advising Cyemptive Technologies; Athira Pharma appointed Barbara Kosacz to its board; Outreach hired former Forrester analyst Mary Shea as its first evangelist; and Microsoft Vancouver GM Edoardo De Martin left to become CTO at CubicFarm Systems.
SeekOut raises $65M Series B led by Tiger Global at nearly $500M valuation after 10x ARR growth
Seattle recruiting startup SeekOut raised $65 million in a Series B led by Tiger Global at a near-$500M valuation to expand its Talent 360 recruiting software, after growing ARR 10x in 21 months and remaining profitable.
Madrona hires John Torrey as first partner outside Pacific Northwest, expands Acceleration Fund investing to Texas and Utah
Seattle-based Madrona Venture Group hired John Torrey, its first investment partner based outside the Pacific Northwest, to help source and support Acceleration Fund investments from Texas and Utah as the firm expands geographically. Madrona also raised $161 million for its Acceleration Fund II and hired Katie Chiupka as manager of business development and partnerships.
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Ali Farhadi Executive, Former Allen Institute for AI CEO
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Bill Gates Executive, Former CEO, Co-founder
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Gaurav Sareen Executive, Chief Technology Officer - CAP
