OctoML
Facts
- HQ
- Seattle, Washington
- Sectors
- Machine Learning, Software, Artificial Intelligence
- Stage
- Startup
- Total raised
- $19.6M SEC Form D filings Total of this company's SEC Form D filings
- Last round
- $15.7M · Mar 2020 SEC Form D
Amazon Grocery SVP Tony Hoggett to Leave November 2024 for COO Role at Marc Lore’s Wonder Chain
Tony Hoggett, Amazon's SVP of worldwide grocery stores since January 2022, will leave on November 1, 2024, to become COO of Marc Lore's restaurant chain Wonder. Wonder operates 27 outlets in the Northeast and plans to pilot locations inside Walmart stores.
Seattle Venture Day 2024 - Highlight Video
Seattle Venture Day is OneSixOne Ventures' flagship Seattle tech event. The 2nd annual event brought together 250+ tech leaders, investors and founders at the Queen Anne Beerhall for networking and some insightful dialogues about build and investing in startups. The event featured a fireside chat with Matt McIlwain, Managing Partner at Madrona (3x Forbes Midas list) in addition to panel discussions featuring other notable speakers such as Geoff Entress (Pioneer Square Labs), Bill McAleer (Voyager Capital), Aviel Ginzburg (Founders Co-op), Kristen Hamilton (Enjoy The Work), Maria Colacurcio (Syndio), Laura Ruderman (Technology Alliance), Kirby Winfield (Ascend VC), Julie Sandler (PSL Ventures)…
#64 Matt McIlwain – MD Madrona Venture Group on all Things Venture Capital
Nataraj interviewed veteran VC Matt McIlwain of Madrona Venture Group on Startup Project podcast. Matt shared his insights into the state of venture capital and the impacts of AI, drawn from his 20+ years of experience. Some key takeaways: 1. Venture is a "tale of two cities" now - later stage startups are struggling, earlier stage companies embracing AI are thriving 2. Seattle has unmatched talent but lacks local capital - still over-reliant on Silicon Valley VCs 3. Incumbents have the edge currently in leveraging AI due to data, customers, ability to integrate via APIs - but long term, AI-native…
Shift AI Podcast: Seattle's place at the center of the AI universe, with Madrona's Matt McIlwain
On this week’s GeekWire Podcast, we're featuring an episode of Shift AI, a podcast hosted by Boaz Ashkenazy, CEO of AI solutions provider Simply Augmented, with guest Matt McIlwain of Seattle-based venture capital firm Madrona Venture Group. A thriving tech hub requires access to ideas, people, and experiments that produce collective lessons sooner and with greater fidelity than anywhere else. This is what made the Seattle area the cloud capital of the world. It also positions the region as one of the world’s top centers of excellence for artificial intelligence. That’s one of the insights from Matt McIlwain, managing director…
Fixie Raises $17M Seed Round to Help Companies Integrate Large Language Models into Software
Fixie, a Seattle-based startup founded by former Google and Apple engineers, raised $17 million in seed funding to develop a cloud platform that helps companies integrate large language models into their software for automation and AI applications.
Investor Spotlight with Matt McIlwain
Get to know Madrona Managing Partner Matt McIlwain. Learn where he gets his spark to work with entrepreneurs, what he looks for in founders, where the opportunities lay for founders when it comes to generative AI, and what he enjoys doing outside the office.
GeekWire returns in person for 2022 Awards at Showbox SoDo, honoring 60+ finalists across 15 categories with 16,000+ votes
GeekWire held its first in-person GeekWire Awards in three years at Showbox SoDo in Seattle, honoring 60+ finalists across 15 categories with over 16,000 community votes and appearances by local tech leaders and entertainers.
GeekWire surveys Seattle-area VCs to name Pacific Northwest startups they predict will become unicorns in 2022
GeekWire surveyed more than a dozen Seattle-area venture capitalists for their picks of Pacific Northwest startups likely to reach unicorn status this year, compiling a list of candidate companies with reasons for each selection. The piece notes rising valuations nationwide and excludes VCs' own portfolio companies to reduce bias.
Madrona Venture Group raises $120M Fund VII Extension to support 10–12 portfolio companies from its 2018 $300M fund
Madrona Venture Group has raised a $120 million Fund VII Extension Fund from prior investors to provide follow-on capital for 10–12 companies from its 2018 $300 million Fund VII, responding to larger, faster rounds in today’s frothy venture market.
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.
OctoML Raises $85M Series C Led by Tiger Global to Expand ML Partnerships and Engineering Team
OctoML, a University of Washington spinout specializing in machine learning optimization, raised $85 million in a Series C funding round, bringing its total to $132 million. The company plans to expand its partnerships with hardware and cloud vendors while nearly tripling its engineering team.
Madrona Venture Group’s Steve Singh Details Six Post-COVID Tech Trends and Reasons for Hope on GeekWire Podcast
Steve Singh, managing director of Madrona Venture Group and former CEO of Docker and Concur, joined GeekWire to discuss reasons for hope and six technology trends to watch as the Pacific Northwest emerges from the pandemic, in a special episode tied to the 2021 virtual GeekWire Awards.
Madrona's Steve Singh on 6 tech trends to watch post-COVID
The 2021 virtual GeekWire Awards were held this week, recognizing the top companies, innovators, entrepreneurs and technologies in the Pacific Northwest, as nominated and chosen by the GeekWire community — along with celebrity cameos. On this special episode of the GeekWire Podcast, we’re featuring highlights from a behind-the-scenes conversation with former Docker and Concur CEO Steve Singh, managing director of Madrona Venture Group, which was hosted for finalists in advance of the awards by GeekWire co-founder John Cook. See omnystudio.com/listener for privacy information.
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.
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.
'Slackforce,' AWS re:Invent, and Seattle's new $9B tech company
This week on the GeekWire Podcast: Salesforce strikes a deal to acquire Slack for $27.7 billion; Amazon Web Services makes some surprising news at its annual re:Invent cloud conference; and a new tech giant arrives in our backyard. Joining us on this episode is Matt McIlwain, managing director at Seattle-based venture capital firm Madrona Venture Group, offering his commentary on the implications of these developments in the world of cloud and enterprise technology. Special bonus: Listen to the end of the show for a new installment of our GeekWire Podcast trivia contest, with a chance to win a GeekWire mask…
Matt McIlwain (Madrona) on lessons from 20 years of VC investing, traits of top entrepreneurs, and building a bigger pie
20 years as a VC at Madrona. Headline IPOs like Accolade, Smartsheet, Apptio, Isilon. Invested in cloud before it was cool. 3x Midas list. 3x CB's top 100 VC list. Matt goes behind the scenes on his lessons (from the highs and lows), Madrona's philosophy, and how the best leaders work.
Adam Schoenfeld’s Seattle Startup Hiring Tracker: 67% of 348 Seattle tech firms have openings, 2,620 roles; 42% grew headcount
A new Seattle Startup Hiring Tracker from entrepreneur Adam Schoenfeld shows 67% of 348 tracked Seattle tech companies have open roles (2,620 total), with 42% growing headcount month-over-month, 35% stable and 23% shrinking despite the pandemic.
Special COVID-19 Episode: Matt McIlwain
Matt McIlwain, one of the Managing Directors at Madrona Venture Group, explains the most important quality he looks for in a CEO before investing, Madrona’s new accelerator fund, how he spends his time as an investor and his passion for public policy on the What Fuels You podcast. On COVID-19, Matt brings up some interesting points about the “natural tension between freedom and boundaries” and how “barriers have been broken down to find sustainable preventions, cures and tests.” Listen to hear what he believes will be the business opportunities that come out of this pandemic. See omnystudio.com/listener for privacy information.
OctoML raises $15M from Amplify and Madrona to scale TVM-based ML deployment tools
Seattle startup OctoML, spun out of the University of Washington and led by Apache TVM creators, raised $15 million from investors including Amplify and Madrona to expand its ML deployment software. The company, which launched a TVM-based SaaS called Octomizer, will use the funding to grow hiring and scale its optimizer for edge and cloud model deployment.
People
-
Luis Ceze Founder, Co-founder, Executive Officer, Director
-
Matt McIlwain Director
