Mike Hilton
Mike Hilton is currently an investor at Scala and SCALA.AI, and serves as co-founder at Concur.
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.
Concur Co-Founders Back SCALA.AI to Revolutionize Customer Experience with AI Across Healthcare, Finance, and Retail
Seattle startup SCALA.AI, backed by Concur co-founders Raj Singh and Mike Hilton, is developing AI-driven customer experience solutions for sectors like healthcare, finance, and retail. Led by CEO Ardie Sameti, SCALA.AI aims to offer advanced, vertically tailored AI platforms beyond basic automation.
Concur Founder Steve Singh Leads Acquisition of Direct Travel to Enhance Corporate Travel Experience
Steve Singh, former CEO of Concur, led a group of investors in acquiring Direct Travel, a corporate travel management firm with over $300 million in revenue, aiming to create a seamless travel experience. Christal Bemont has been appointed as the new CEO of Direct Travel, with Singh serving as executive chairman.
Sustainable Chicken Sandwich Startup Mt. Joy Raises $1.5M and Opens First Seattle Restaurant
Entrepreneur Robbie Cape launched Mt. Joy, a sustainable chicken sandwich startup, opening a Seattle brick-and-mortar location after a food truck debut and raising $1.5 million from notable investors. The restaurant emphasizes sustainable farming and locally sourced ingredients to promote regenerative agriculture.
Madrona Venture Labs Raises $11M for Fifth Fund to Accelerate AI Startups, Including Generative AI
Madrona Venture Labs raised $11 million for its fifth fund to support AI startups, planning to back 12 new companies with a focus on intelligent applications and generative AI. Since its 2014 founding, the Seattle-based studio has raised $40 million, backed 32 companies, and offers funding and advisory services to early-stage startups.
Madrona Venture Group’s Steve Singh Details Six Post-COVID Tech Trends and Reasons for Hope on GeekWire Podcast
Steve Singh, managing director of Madrona Venture Group and former CEO of Docker and Concur, joined GeekWire to discuss reasons for hope and six technology trends to watch as the Pacific Northwest emerges from the pandemic, in a special episode tied to the 2021 virtual GeekWire Awards.
Accolade to buy PlushCare for up to $450M, adding virtual primary care and expanding TAM to $200B+
Accolade will acquire virtual primary care startup PlushCare for up to $450 million, adding primary care to its benefits platform and expanding its addressable market to over $200 billion. PlushCare, founded in 2015, has served 400,000 patients, posted $35 million revenue last year, and will continue its direct-to-consumer business under Accolade.
Accolade prices IPO at $22, raises $220M and debuts on Nasdaq at $1.2B valuation as shares jump 40%
Health benefits platform Accolade priced its IPO at $22 per share, raising $220 million and debuting on Nasdaq with a $1.2 billion valuation; shares rose over 40% to $30.90 in early trading. The Seattle- and Philadelphia-based company, led by CEO Raj Singh, serves employers with a subscription model and reported $132.5 million revenue for fiscal 2020, with four customers contributing 59% of that revenue.
Accolade files IPO to sell 8.75M shares at $19–$21, seeks up to $211M and ~$1B valuation; will trade as ACCD
Accolade priced 8.75 million IPO shares at $19–$21 to raise up to $211 million, aiming for a ~ $1 billion valuation and Nasdaq ticker ACCD, positioning itself as Seattle's first public company of 2020. The health benefits platform reported $132.5 million revenue and a $51.3 million net loss for the fiscal year ending Feb. 29, serves 1.6 million members across 58 corporate customers, and estimates a $24 billion total addressable market.
