Simplata
Facts
- HQ
- Seattle
- Sectors
- Cybersecurity, Cloud
- Stage
- Seed
Madrona Venture Labs raises $8M and turns investors like Spencer Rascoff into co‑founders of spinouts
Madrona Venture Labs has raised $8 million for its fourth fund and introduced a model that makes investors — including Spencer Rascoff, Julie Larson-Green and Elena Donio — co-founders, board members, and advisors of its spinouts to attract talent and accelerate startup formation. Founded in 2014, the Seattle-based studio has spun out more than a dozen companies, including recent spinouts Zeitworks, Simplata, and Stratify.
Madrona leads $3.9M seed for Strike Graph to automate SOC 2 compliance, promises 45-day certification
Seattle startup Strike Graph, spun out of Madrona Venture Labs, raised $3.9 million in a seed round led by Madrona Venture Group to help B2B companies automate and accelerate SOC 2 compliance. The five-person team, led by CEO Justin Beals and co-founder Brian Bero, says its platform can deliver SOC 2 Type 1 certification in 45 days and save customers roughly $50,000 in consultant fees.
Hiya names Hillery Nye GC and John Novak SVP of Marketing; Unity hires Scott Pitasky; Bellevue College appoints Gary Locke interim president
Seattle caller-ID startup Hiya hired Hillery Nye as general counsel and John Novak as SVP of marketing; Unity Technologies named Scott Pitasky chief people officer. Bellevue College appointed former Washington governor Gary Locke as interim president starting June 15.
Madrona Venture Labs spinout StrikeGraph launches to automate SOC 2 compliance, led by Justin Beals and Brian Bero
Madrona Venture Labs has launched StrikeGraph, a Seattle startup led by Justin Beals and Brian Bero that automates and simplifies the SOC 2 cybersecurity compliance process to reduce time and cost for companies seeking certification.
Ex-Docker CFO Brian Camposano launches stealth Seattle fintech Stratify; Concur founder Steve Singh named chairman
Former Docker CFO Brian Camposano launched a stealth Seattle fintech called Stratify after spinning out from Madrona Venture Labs, with Concur co-founder Steve Singh serving as chairman. The early-stage company — currently one employee and no public website — aims to use machine learning and AI to modernize corporate finance and deliver real-time insights for CFOs and finance teams.
Madrona Venture Labs spinout Simplata launches targeted encryption for sensitive cloud app data, plans seed raise
Madrona Venture Labs spinout Simplata, led by CEO Steve Banfield and CTO Bruce Roberts, is building a targeted encryption solution to protect sensitive data in cloud applications and plans to hire and raise a seed round later this year.
