Saykara
Facts
- HQ
- Seattle
- Sectors
- Healthcare, Artificial Intelligence, Conversational AI, Healthtech
- Founded
- 2016 Seattle business license
- Type
- Corporation Seattle business license
- Registered name
- Saykara Inc Seattle business license
- Stage
- former-startup
- Total raised
- $4.8M SEC Form D filings Total of this company's SEC Form D filings
- Last round
- $2.2M · Jun 2018 SEC Form D
Madrona at 30 Years Interview Spotlight: Tim Porter
Madrona Managing Director Tim Porter talks with GeekWire’s John Cook about his 18 years of experience at Madrona, from investing in first-time founders in Seattle and Portland to witnessing the rise of cloud and now AI. He shares what defines a “Madrona founder,” the importance of trust-based relationships, and why lifelong learning is at the heart of venture. Tim also looks ahead to the future of the Pacific Northwest tech ecosystem and Madrona’s enduring commitment to community and innovation.
2024 Annual Investment Outlook
Send us Fan Mail Listen to our 2024 Annual Investment Outlook Panel with four top VCs based in Seattle and the Bay area. Get their perspective on the investment climate in 2024 and their plans to invest specifically in AI/ML based startups. Tim Porter, Managing Director, Madrona Ventures Tim joined Madrona in 2006 and invests in B2B software companies in the Pacific Northwest. He is currently interested in intelligent applications and SaaS, cloud-native software infrastructure, the modern data stack, machine learning, DevOps, and cybersecurity. He is also a board member of numerous Madrona portfolio companies. Sudip Chakrabarti, Partner, Decibel VC…
Investor Spotlight: A Conversation with Madrona's Tim Porter
Hear from Madrona Managing Director Tim Porter as he discusses his path to venture capital by way of mechanical engineering and Microsoft. He shares invaluable insights about what he looks for in a founder, the importance of customer focus, and the high priority he places on integrity. Tim also shares Madrona's core principles, his favorite books for entrepreneurs, and his personal interests outside of work, including his passion for outdoor sports and the nonprofit Global Partnerships. This chat is a must-watch for aspiring entrepreneurs looking for insights into the venture capital world or strategies to capture an investor's eye. (00:00)…
Outbound AI raises $16M seed to expand AI virtual agents for healthcare revenue-cycle administration
Seattle-based Outbound AI raised $16 million in seed funding to expand its AI-powered virtual agents that handle healthcare revenue-cycle administrative tasks like eligibility verification, claims status, and prior authorization.
Outbound AI Raises $16 Million to Expand GPT-Powered Healthcare Billing Automation Amid Rising Patient Demand
Outbound AI, a Seattle-based startup specializing in AI tools for healthcare billing automation, raised $16 million to advance its GPT-powered solutions that streamline insurance claims processes. The company aims to reduce administrative burdens on healthcare workers amid rising patient volumes by offering faster, cost-effective, and HIPAA-compliant AI services.
Seattle Startup Outbound AI Launches PayerVA Console to Automate Medical Insurance Claims Processing
Outbound AI, a Seattle startup spun out of Madrona Venture Labs with $7 million in seed funding, launched PayerVA Console, a software product that automates and expedites medical insurance claims processing by reducing time spent on payer communications. The tool transcribes calls, extracts key information, and assists human workers to alleviate burdensome tasks in the healthcare payment system.
Amarjit Kaur Sandhu joins Ozette as VP of Engineering; AWS marketing chief Rachel Thornton to depart after 10 years
Amarjit Kaur Sandhu joined Ozette Technologies as vice president of engineering, bringing experience from Nuance Communications and Saykara. Additionally, AWS executive Rachel Thornton is leaving, and various leadership moves across Pacific Northwest tech firms have been announced.
Wild times for tech startups
What the heck is going on in the economy, and how will the current market gyrations and geopolitical uncertainty impact startups and venture capital? To help answer these questions we invited Tim Porter to join us this week on the GeekWire Podcast. He's a Madrona Venture Group managing director who has invested in early-stage technology startups at the Seattle-based venture capital firm for the past 15 years, in areas including cloud, AI and enterprise software companies. Follow along with our extended notes from the discussion. With GeekWire co-founder John Cook. Edited by Curt Milton; Theme Music by Daniel L.K. Caldwell…
AI2 Spinout BirchAI Raises $3.1M Seed to Automate Healthcare Customer-Support Call Summaries
BirchAI, an AI2 spinout founded in June 2020, raised $3.1 million in seed funding for software that transcribes, summarizes and analyzes healthcare customer-support calls to reduce post-call documentation time and improve employee and patient satisfaction. CEO Kevin Terrell says the Seattle startup targets medical device, pharmaceutical and insurance companies and lets employees edit AI-generated summaries.
Nuance acquires Seattle voice-assistant startup Saykara to bolster AI healthcare products; terms undisclosed
Nuance Communications has acquired Seattle startup Saykara, whose voice assistant Kara automatically documents doctor-patient conversations, to strengthen Nuance’s AI healthcare products; Saykara’s team including CEO Harjinder Sandhu will join Nuance R&D. Terms were not disclosed; Saykara had raised $10 million, employs about 30 people, and Sandhu previously sold a startup to Nuance and worked there.
Symbl raises $4.7M led by Crosscut Ventures with Amazon Alexa Fund to expand conversational AI for enterprise
Seattle startup Symbl raised $4.7 million in a round led by Crosscut Ventures with participation from Amazon’s Alexa Fund and several other investors to expand its conversational AI API that transcribes real-time conversations and extracts insights for meetings, customer care, and sales. Founded in 2018 by Surbhi Rathore and Toshish Jawale, the 30-person company says pandemic-driven digital communication growth has increased demand for its services.
Madrona hires ex-AWS product manager Anu Sharma as principal; Saykara and DomainTools add senior marketing and leadership hires
Madrona Venture Group hired Anu Sharma as a principal from AWS; Seattle startups and tech companies also announced hires and promotions, including Saykara naming Joy Efron VP of marketing and DomainTools adding four executives (CTO James Reynolds, CCO Jeff Day, VP of product Jackie Abrams, and VP of people Jill Boon).
Tim Porter
Tim Porter, Managing Director at Madrona Venture Group, discusses how the venture capital firm operates, what a day in the life of a VC looks like, what he looks for in a founder, and funding female founders. Prior to joining Madrona in 2006, Tim attended MIT and Stanford Business School and worked at Teledesic and Microsoft. His passion about very early stage companies makes him a perfect fit for his current role, where he focuses on investing in B2B software companies in the Pacific Northwest. Some of Tim’s companies include Heptio, Highspot, Algorithmia and Lattice Data. Beyond talking about his…
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