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Smartsheet

Smartsheet is an enterprise software company (SaaS, application software) based in Bellevue, Washington; it recently announced a plan to...

Facts

HQ
Bellevue, Wash.-based
Sectors
Enterprise software, Collaboration, Work management
Founded
2005
Type
Corporation Seattle business license
Registered name
Smartsheet Inc Seattle business license
Stage
Public

Remitly co-founder Matt Oppenheimer inducted into Dartmouth Entrepreneur Hall of Fame after stepping down as CEO

Remitly co-founder and chairman Matt Oppenheimer was inducted into Dartmouth College’s Entrepreneur Hall of Fame after stepping down as CEO seven months earlier, honored for making lasting positive impacts through his ventures. He credited Dartmouth’s social psychology teachings for shaping his people-focused approach to business and thanked admissions officers who gave him a chance despite “OK grades.”

Apptio Co-founders Sunny Gupta and Kurt Shintaffer Launch Thira, Raise $21M Seed Led by Madrona to Build Autonomous IT Support Agents

Apptio co-founders Sunny Gupta and Kurt Shintaffer launched Bellevue-based enterprise AI startup Thira to build autonomous agents for IT support and back-office work, and raised $21 million in seed funding led by Madrona. Thira will integrate with tools like ServiceNow, Jira Service Management and identity/device-management systems, with plans to expand into finance and HR amid competition from companies such as ServiceNow (Moveworks), Aisera, Rezolve.ai, and Serval.

Raj Singh, Concur Co-Founder, Named CEO of Smartsheet to Drive Growth with AI in Enterprise Software

Rajeev 'Raj' Singh, co-founder of Concur and former CEO of Accolade, has been named CEO of Smartsheet as the company looks to leverage its strong foundation and $1 billion revenue base to grow with AI innovations. Singh aims to capitalize on Smartsheet's established enterprise presence and significant opportunity to reshape work management software amid evolving industry dynamics.

Seattle Startups Yoodli and A-Alpha Bio Appoint New C-Suite Execs, TiE Seattle Names Siddhartha Srinivasa as President

Seattle startups Yoodli, A-Alpha Bio, and MoxiWorks have added senior executives, including Andy Larson as Yoodli's CFO and Troy Lionberger as A-Alpha Bio's chief business officer, while TiE Seattle appointed Siddhartha Srinivasa as president. These moves highlight growth and leadership shifts in the Seattle tech sector, with companies focusing on AI, biotech, and robotics.

Madrona Raises $770M for Two New Funds to Back Early and Late-Stage Tech Startups Amid VC Slowdown

Madrona, the largest venture capital firm in the Pacific Northwest, raised $770 million for two new funds focusing on early-stage and more mature tech startups despite a challenging VC fundraising environment in 2024. The firm plans to invest in about 30 companies at early stages and 12 at later stages, maintaining its strong position amid a slowdown in the broader venture capital sector.

Seattle Startup Read AI Raises $50M Series B to Accelerate Growth of AI-Powered Enterprise Productivity Tools

Seattle startup Read AI, selling generative AI-powered enterprise productivity tools, has raised $50 million in a Series B round to accelerate growth, boasting 75% of the Fortune 500 as users and adding 100,000 new accounts weekly without marketing spend. The company aims to expand its 'copilot everywhere' vision by integrating AI across communication platforms like email, messaging, and video calls, with plans to add predictive analytics and automation.

Former Amazon Exec Dave Clark Launches $100M Startup Auger; UW’s David Baker Wins Nobel, Microsoft Rebrands 343 Industries to Halo Studios

The week of Oct. 6, 2024, featured top stories including former Amazon exec Dave Clark launching a $100M supply-chain startup Auger, AWS VP of AI Matt Wood departing after 15 years, and University of Washington’s David Baker winning a Nobel Prize for protein design. Microsoft also announced rebranding of 343 Industries to Halo Studios with a new direction for the Halo franchise.

TerraClear Raises $15M to Expand End-to-End Rock-Mapping and Picking Solutions for Farmers

TerraClear raised $15 million to expand its rock-mapping and picking technology, offering an end-to-end solution for farmers to efficiently remove rocks from fields using AI-driven hardware and software. The company plans to grow its sales team and partner with equipment manufacturers, providing services like drone field mapping and rock picking through service providers.

Madrona Venture Group Opens Silicon Valley Office to Expand Investments Beyond Pacific Northwest

Seattle-based Madrona Venture Group is expanding beyond the Pacific Northwest by opening its first Silicon Valley office to increase investments outside its home region. Since 2019, the firm has raised over $261 million for an acceleration fund targeting more mature companies across North America, with about 15% of its portfolio now outside the Pacific Northwest.

Rajeev Singh

Rajeev Singh is CEO of Accolade, the Seattle-based company providing millions of people and their families with an exceptional healthcare experience that is personal, data driven and value-based, so that they can live their healthiest lives. Last month was Rajeev’s sixth anniversary at Accolade – congratulations! Prior to joining Accolade, he co-founded Concur, the global leader in travel and expense management, in 1993. Concur went public (Nasdaq: CNQR) in 1998, and grew to more than $800mm in revenue, over 4,000 employees, and more than 25,000 customers before being acquired by SAP AG for $8.3 billion in 2014. Rajeev’s desire to…

Sarah Bird departs Moz after 14 years and seven-plus years as CEO following June acquisition by iContact (J2 Global)

Sarah Bird is leaving Moz after 14 years at the Seattle SEO software startup, including more than seven years as CEO; Moz was acquired by iContact (a J2 Global subsidiary) this past June and Bird transitioned to EVP and chief revenue officer of the Moz Group before announcing her departure. She plans to take the winter off to rest and has no firm next steps yet.

Anthony Bontrager of WestRiver Group says he makes 3–5 PNW SaaS/AI investments yearly with $500k–$5M initial checks and $10M follow-on capacity

Anthony Bontrager, a former adtech founder and current investor at WestRiver Group, favors hands-on board involvement and invests in PNW SaaS/AI/ML companies with initial checks of $500k–$5M, targeting 3–5 new deals yearly and about 15–20 monthly pitches. He highlights Qorus Software as a standout portfolio company and emphasizes governance, go-to-market support, and follow-on reserves of ~$10M per company.

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