PitchBook
Facts
- HQ
- United States
- Sectors
- Venture Capital and Private Equity Principals
- Founded
- 2007
- Type
- Corporation Seattle business license
- Employees
- 1569
- Registered name
- PitchBook Data Inc Seattle business license
- Stage
- Public
- Founders
- John Gabbert
DexCare acquires Seattle AI agent startup Mila Health to add automated patient calls and texts to platform serving 57 million
Seattle health‑tech company DexCare has acquired local AI agent developer Mila Health to integrate Mila’s patient-calling and texting tools into DexCare’s patient-access platform, which serves 57 million patients nationwide; financial terms were not disclosed. The combined offering aims to automate appointment scheduling and streamline provider workflows with rapidly deployable, auditable AI communications.
PitchBook: Megadeals ($100M+) Captured 87.5% of US VC Funding in H1 2026; 2021-Vintage Firms Trade at 59.1% Discount
PitchBook's Q2 US VC Valuations report (published 10 August 2026) finds that megadeals ($100m+ rounds) accounted for 87.5% of US venture dollars in H1 2026, and companies last funded in 2021 trade at a 59.1% secondary discount.
PitchBook: AI Megadeals Took 87.5% of U.S. VC Dollars in H1 2026, Series D+ AI Valuations Jump 6.6x
PitchBook's Q2 2026 U.S. VC valuations show that AI megadeals captured 87.5% of venture dollars in H1, driving much larger valuation step-ups (median 2.2x for AI vs 1.6x non-AI and 6.6x at Series D+). Liquidity is limited—IPOs are sparse and acquisitions are mixed—while top AI firms like Anthropic are inflating return expectations and skewing the market.
Venture capital surges in 2026 ($412.7B H1; $1.8T Q2 exits) but gains concentrate in few startups, says PitchBook-NVCA
Venture capital totals in 2026 look dramatically larger—$412.7B in H1 and $1.8T in Q2 exits—but the gains are concentrated in a small group of startups while most of the market sees a different picture; AI-driven layoffs, firm expansions to advise on AI and regulation, and rising quantum investments with workforce challenges are also highlighted.
Seattle Tech Week 2026 Draws ~250 Events Over Five Days, Showcasing City’s Tech Talent and Innovation
Seattle Tech Week 2026 ran five days with roughly 250 events across diverse venues, celebrating Seattle’s dense tech talent and community connections while highlighting themes from founders, investors, and academics. Organizers view the event as a community-led showcase that reinforced Seattle’s historic and ongoing contributions to cloud, AI, and other innovations.
VC Funding Hits $412.7B in H1 but Mega-Rounds and SpaceX’s Deals Concentrate Gains
Venture capital surged to $412.7 billion in H1, driven overwhelmingly by mega-deals and rounds of $100 million or more, while most startups saw little benefit. Exit totals were dominated by SpaceX’s $250 billion acquisition of X.AI and its $1.7 trillion IPO, concentrating gains in a handful of companies.
GeekWire reports: Seattle Tech Week 2026 — AI dominates 250+ events as investors and job-seekers flock to Seattle
GeekWire's Todd Bishop reports from Seattle Tech Week 2026, where AI dominated conversations across more than 250 events and drew significant Bay Area investor interest and job-seeking attendees. Panels and speakers from OpenAI, Mistral AI, Ascend, Oumi and others highlighted debates about foundation models, enterprise data access, and the rush to build on third-party AI.
WTIA’s 2026 ‘Tech Universe Map’ shows Microsoft (161) and UW (143) produced most founders of 625 mapped Washington tech firms
The Washington Technology Industry Association's 2026 "Tech Universe Map" visualizes founder lineage for 625 Washington tech companies and finds Microsoft (161 companies) and the University of Washington (143) are the largest founder hubs, followed by Amazon (58) and Google (20). WTIA says the map highlights regional connectivity, is broader than the 2015 Seattle-focused version, and signals emerging hubs are often out-of-state companies with local engineering centers.
Madrona Leads $5.7M Investment in Polar to Build Browser-Based AI Agents for End-to-End Knowledge Work
Madrona invested in Polar because its team is building a browser-based AI agent that can complete complex, multi-step knowledge work across apps — the firm believes every sector will have its own transformative “Claude Code” moment and Polar aims to deliver that for knowledge workers.
WTIA launches 2026 Washington Tech Universe Map detailing 625 companies and founder lineages — first update since 2015
The Washington Technology Industry Association (WTIA) released the 2026 Washington Tech Universe Map on July 27, 2026 — the first update since 2015 — visualizing 625 notable Washington tech companies and the founder lineages linking Microsoft, Amazon, the University of Washington, and new hubs. The wall-sized map organizes companies by founder origin to highlight how major organizations act as launchpads for successive generations of local tech founders.
PitchBook and Madrona host live Founded & Funded podcast at Seattle Tech Week on July 23, 2026 to debate AI funding concentration
PitchBook will co-host a live recording of Madrona’s Founded & Funded podcast at Seattle Tech Week on July 23, 2026, featuring PitchBook EVP Nizar Tarhuni and Madrona Partner Sabrina Albert to discuss AI, funding concentration, and private-market trends.
Helion’s $465M Series G Values Everett Fusion Firm Above $15B, Tops Seattle-Area 2Q VC Deals
Everett fusion-energy company Helion led greater Seattle-area 2Q venture capital deals with a $465 million Series G that valued it above $15 billion, making up nearly one-third of the region’s $1.5 billion in 2Q funding amid a year-over-year decline from $2.3 billion in 2Q 2025.
California Attracts $335 Billion in Venture Capital in 2026, Outpacing New York by Over Tenfold
California attracted over $335 billion in venture capital this year, ten times more than its closest competitor, New York, driven by its deep talent pool and tech infrastructure. Despite concerns about costs and regulations, the state remains the leading hub for AI investment and tech growth.
California Leads U.S. States with $335 Billion Venture Capital in 2024, Driven by AI and Tech Innovation
California has attracted over $335 billion in venture capital funding this year, outpacing other states by a wide margin due to its deep talent pool and strong tech infrastructure, particularly in artificial intelligence. Despite high costs and regulatory challenges, the state's economy grew 5% to $4.25 trillion, making it one of the largest economies globally.
Pulse Space Wins $40 Million Space Force Award to Develop Laser Power-Beaming and Orbital Tracking Systems
Bellevue startup Pulse Space won a $40 million U.S. Space Force award to develop laser-based power beaming and orbital tracking technologies, building on prior Air Force work and plans for a satellite constellation that can transmit nearly 29.7 kW to targets at 1,000 km.
Arizona Startups Secure $434.7M in Q2 2026 Venture Funding Amid SpaceX's Record $75B IPO Boost
Arizona startups raised $434.7 million in venture funding during Q2 2026, driven by renewed IPO market optimism after SpaceX's $75 billion IPO, signaling increased investor interest in AI, space, and medical startups.
F5 Acquires SurePath AI to Boost Enterprise AI Security and Visibility
F5 has acquired Denver startup SurePath AI, which detects and monitors AI tools used on corporate networks, and will fold it into F5’s new AI security platform to discover, test and apply guardrails to enterprise AI deployments.
StepStone and PitchBook Launch SPI Deal Benchmarking for Detailed Private Markets Performance Data
StepStone Group and PitchBook have launched SPI Deal Benchmarking, a deal-level benchmarking solution now integrated into PitchBook workflows, providing granular private equity and infrastructure performance data. This tool enables fund managers and investors to analyze detailed deal metrics and enhance decision-making with institutional-grade insights.
Twelve AI Labs Valued at Nearly $130 Billion Raise $29 Billion Without Commercial Products
Twelve AI startups dubbed 'Virgin Unicorns' have raised over $29 billion with a combined valuation nearing $130 billion despite having no commercial products. These companies, backed by top investors, reflect a high-stakes bet on AI's future commercialization potential.
XBOW Raises $35M from NVIDIA, Samsung, and SentinelOne, Totaling $155M in Series C for Autonomous Cybersecurity Platform
XBOW, a cybersecurity startup founded by GitHub Copilot creator Oege de Moor, raised an additional $35 million in its Series C round, bringing the total to $155 million with investors like NVIDIA, Samsung, and SentinelOne. Although headquartered in Seattle by address—a mailbox at a coworking space—the company operates remotely with employees worldwide and its founder based in Malta.
Seattle Startups Raised $1.5B in Q1 2026 with Lowest Deal Count Since 2020, Ranking 7th in VC Capital Invested
Seattle-area startups raised $1.5 billion across 69 deals in Q1 2026, marking the lowest deal count since mid-2020 amid a trend of larger funding rounds concentrated in fewer companies, particularly in AI. The Seattle region ranked seventh nationally by capital invested but tenth by deal count, reflecting a national pattern of venture capital focusing on a small number of high-profile startups.
Bryson DeChambeau Leads Eight-Figure Acquisition of Seattle’s Sportsbox AI and Launches Google Cloud-Powered Swing Coach
Golf star Bryson DeChambeau is leading a group of investors to acquire Bellevue-based Sportsbox AI, a startup using AI and 3D motion capture to analyze golf swings from smartphone video. The acquisition, reportedly worth eight figures, also includes launching a new AI coaching assistant powered by Google Cloud, with DeChambeau featuring the Google Cloud logo at upcoming major tournaments.
Seattle Startup Edo Develops Virtual Power Plant Tech to Turn Commercial Buildings into Grid Assets Amid Rising Demand
Seattle startup Edo has developed technology over five years to transform commercial buildings into virtual power plants, helping utilities manage peak electricity demand amid rising pressures from data centers and extreme weather. Their solution enables buildings to reduce electricity use during high demand and adapt to dynamic pricing, attracting growing interest from utilities and building operators.
Former CrowdStrike and Bloomberg Engineers Raise $2M for Seattle Fintech OpenCFO to Automate Mid-Sized Company Finance
Seattle fintech startup OpenCFO, led by former CrowdStrike and Bloomberg engineers, has raised $2 million to automate financial functions for mid-sized companies by unifying accounts payable, receivable, and treasury. The company launched in December, now employs 15 people, and integrates agentic AI with treasury infrastructure for enhanced financial operations visibility and control.
Sana Biotechnology Appoints Brian Piper as CFO; Aptevo CEO Marvin White to Step Down in April; Violett Names Scott Kushino CEO
Brian Piper was appointed CFO and executive vice president at Sana Biotechnology, while Marvin White will step down as Aptevo CEO in April, succeeded by COO Jeff Lamothe. Additionally, Scott Kushino became CEO of Seattle startup Violett, and several other leadership changes occurred across Seattle and New York tech companies.
