Snowflake
Facts
- HQ
- none
- Sectors
- Cloud, Data warehousing, Data governance, Data platform
- Stage
- Public
Statsig Releases Warehouse Native Platform and AI Experimentation Tools Under CEO Vijaye Raji
Statsig, founded by Vijaye Raji in 2021, has released Statsig Warehouse Native, enabling privacy-conscious companies to run A/B testing via their own data warehouses. The Seattle startup also launched generative AI experimentation tools and now serves hundreds of paying customers including Microsoft and Notion.
Seattle Startup Keyplay Raises $3M Led by MHS Capital to Launch Sales Lead Aggregation Platform
Seattle startup Keyplay, co-founded by Adam Schoenfeld, raised $3 million led by MHS Capital to launch a subscription platform that aggregates and scores sales leads. The platform integrates multiple data sources to help sales teams identify potential accounts and currently serves eight customers with plans to expand offerings by mid-2023.
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.
SoundCommerce raises $15M Series A to centralize retailers' data into Snowflake or BigQuery
Seattle startup SoundCommerce raised $15 million in a Series A to help online retailers centralize commerce data into Snowflake or BigQuery warehouses and gain analytics for profitability, forecasting, logistics and inventory. CEO Eric Best says the product integrates with platforms like Amazon, Shopify and Magento to help brands scale back-office operations and "think and act like Amazon."
Pioneer Square Labs spins out 25 startups in five years; six launched during pandemic surge
Seattle startup studio Pioneer Square Labs (PSL) spun out 25 startups in five years — six during a six-month pandemic stretch — by rapidly testing ideas, though it has yet to produce a breakout unicorn and faces criticism over founder dilution.
Seattle Reaches 10 Unicorns Worth $1B+, Mostly Enterprise Software Firms with Microsoft Links
Seattle now has 10 unicorn startups valued at $1 billion or more, many concentrated in enterprise software/cloud computing and driven by rapid digital transformation and strong revenue run rates. Most have immigrant founders and Microsoft ties, but none have female co-founders or CEOs.
GeekWire Podcast: Salesforce to buy Slack for $27.7B; AWS surprises at re:Invent; Tanium (valued $9B, $430M revenue) moves HQ to Seattle
GeekWire Podcast discusses Salesforce’s $27.7 billion acquisition of Slack, surprising announcements from AWS at re:Invent, and cybersecurity firm Tanium relocating its headquarters to the Seattle region with $9 billion valuation and $430M revenue, with commentary from Madrona’s Matt McIlwain on regional and cloud/enterprise implications.
Tom Alberg invested in Amazon’s 1995 seed round, joined its board and co-founded Madrona to build Seattle’s tech scene
Tom Alberg invested in Amazon’s 1995 seed round, joined its board, and later co-founded Madrona Investment Group to back Pacific Northwest internet startups, helping shape Seattle’s tech ecosystem. His early bets and leadership influenced regional tech growth and left a legacy noted by Jeff Bezos and others.
NEA leads $37.5M Series B in Seattle cloud startup Pulumi, bringing total funding to $57.5M
Seattle startup Pulumi raised $37.5 million in a Series B led by NEA, bringing its total funding to $57.5 million to expand R&D and sales/marketing. NEA partner Aaron Jacobson will join Pulumi’s board alongside existing investors Madrona Venture Group and Tola Capital.
Temporal raises $20M Series A led by Sequoia to commercialize open-source microservices orchestration
Temporal, a Seattle startup founded by former Uber engineers and cloud veterans, raised $20 million in a Series A led by Sequoia to commercialize its open-source microservices orchestration platform that improves developer productivity and reliability. Major customers include Snap, Box, Checkr, HashiCorp, and Coinbase, and investors include Madrona, Addition, Amplify and Snowflake ex-CEO Bob Muglia.
Athira Pharma prices IPO at $17, sells 12M shares to raise $204M; will trade as ATHA on Nasdaq
Seattle biotech Athira Pharma priced its IPO at $17 per share, selling 12 million shares to raise at least $204 million and will begin trading on Nasdaq under ticker ATHA; the company is developing NDX-1017 for neurodegenerative diseases and has no commercial products yet. Founded in 2011 and led by CEO Dr. Leen Kawas, Athira reported net losses in 2019 and H1 2020 and has raised over $100 million privately, including an $85 million Series B.
Snowflake raises $3.4B in largest software IPO, opens at $245 and closes at $253.93 valuing company over $60B; Madrona an early investor
Snowflake raised $3.4 billion in the largest-ever software IPO, pricing at $120 and opening at $245 before closing at $253.93 to value the company above $60 billion; early investor Madrona Venture Group, which invested in 2017, benefited though it holds under 5% and did not disclose stake value.
UiPath raises $225M Series E led by Alkeon, valued at $10.2B as RPA demand rises
UiPath raised $225 million in a Series E round led by Alkeon Capital, valuing the robotic process automation company at $10.2 billion; the firm reports over $400 million in annual recurring revenue and says COVID-19 increased demand for automation.
Madrona leads $27M round in Fauna; Bob Muglia named executive chairman, Eric Berg becomes CEO
Madrona Venture Group led a $27 million investment in Fauna, the San Francisco-based database startup founded by two former Twitter engineers, bringing total funding to $57 million and appointing Bob Muglia as executive chairman and Eric Berg as CEO. Fauna focuses on cloud-native, serverless-accessible databases (FaunaDB) and will add Madrona’s S. Somasegar to its board.
