Conversations With NYSE and Statsig, MotherDuck Raises $52.5 Million, Hope Cochran Named a Woman of Influence
We have had a lot going on in the last two weeks. With the excitement around IPOs, we released a Founded & Funded episode with NYSE President Lynn Martin and Matt McIlwain . We also released an episode with Statsig Founded & CEO Vijaye R. and S. Somasegar all about company building that you don't want to miss. We have a lot of news from the portfolio, including MotherDuck's $52.5M Series B, Ozette's new VP of strategic partnerships, and construction AI leader Procore's acquisition of Unearth to build out their GIS mapping capabilities.
Founded & Funded
NYSE's Lynn Martin on Capital Markets, IPOs, and the Role AI Is Playing in the Markets
In this week's episode of Founded & Funded, Matt McIlwain hosts NYSE President Lynn Martin ahead of our Intelligent Applications Summit on October 10th and 11th. Lynn will be speaking at the Summit, and we thought it would be great to have her on the show to talk more about her background, the NYSE, capital markets, IPOs, and, of course, the role data, AI, and large language models are playing in the markets and in companies broadly! Lynn thinks we’ll return to a more “normal” IPO environment in 2024 – but you have to listen to get her complete take here!
Statsig Founder Vijaye Raji on Product Building, Launching a Startup, and AI
In our most recent episode of Founded & Funded, Madrona Managing Director S. Somasegar talks with Statsig Founder and CEO Vijaye Raji all about company building. Statsig is a data and analytics platform for feature flags, experimentation, and analytics — all crucial elements to quickly building products customers love and keeping engineers and product teams on the same page. Vijaye spent 20 years at Microsoft and Facebook before launching Statsig as a way to bring the powerful tools he was used to using inside Facebook to all builders. He and Soma chat about what it's like transitioning from big tech to a founder, the importance of data-driven decision-making, integrating #AI, identifying the ideal customer profile, and learning how to sell your product. Something that did not come naturally to Vijaye. He and Soma talk about all of this and so much more here.
Latest Round
MotherDuck raises $52.5M Series B Round
Last week, MotherDuck announced its $52.5M Series B round led by Felicis with participation from us, a16z, Amplify Partners, Altimeter, Redpoint, and Zero Prime. This brings the company's total capital raised to $100M. CEO Jordan Tigani told TechCrunch that the funds will be put toward expanding MotherDuck’s engineering and go-to-market teams as they help companies adopt DuckDB. Partner Jon Turow recently hosted a podcast with Jordan and Hannes Mühleisen , the creator of DuckDB , which is available here.
Hope Cochran Named Women of Influence Honoree
The Puget Sound Business Journal released its 2023 Women of Influence honorees yesterday, and Managing Director Hope Cochran is among them. The Bussiness Journal received more than 200 nominations, and honorees were selected by the publication's leadership team and contributors. The complete list is on the site but is behind a paywall.
Request an Invite to the IA Summit 2023 on October 10th & 11th
Check out the latest with the #IASummit and request an invite at our website. This year's event promises to build on the excitement of #GenerativeAI, the discussion around compute constraints, and how AI will change the business of enterprise software forever.
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Portfolio Roundup
Construction technology leader Procore acquired Unearth to build out its mapping and GIS capabilities.
Statsig hired Elizabeth George as the new head of marketing.
Numbers Station added Doug Bordonaro to the team as head of GTM.
Ozette hired Catherine Sanders as VP of strategic partnerships and Ani Solanki as director of strategic accounts.
Echodyne was granted FCC authorization for its EchoShield Radar.
Fauna VP of Engineering Tyson Trautman sheds light on the intricacies of implementing real-time capabilities in a recent article by ZDNET.
iSpot.tv data was used in a WSJ piece about this year's altered prime-time approach for networks.
Deepgram introduced Nova-2, its latest speech-to-text model delivering superhuman transcription performance.
CommerceIQ CEO Guru Hariharan was featured in a Bloomberg News piece ahead of Instacart's IPO. GM Himanshu Jain shared his thoughts with the San Francisco Business Times after the debut.
TaxBit VP of Accounting Aaron Jacob wrote about navigating crypto accounting within GameFi in Accounting Today.
Spotnana announced a new offering that enables corporate travel programs to offset carbon emissions: Spotnana Carbon Removal.
Unstructured was included in a recent issue of the LinkedIn News Tech Stack.
RelationalAI CEO Molham Aref sat down with Chris Ward for the Chinchilla Squeaks podcast.
Amperity General Manager of EMEA Matthew Bibound Lubeck shared his tips for success post-DMP in a recent article for Marketing Tech News.
iSpot.tv acquired next-gen measurement and attribution company, 605.
DevZero CEO Debo Ray discusses the growing importance of cloud-hosted dev environments and much more on an episode of the Zero Prime podcast.
MotherDuck CEO Jordan Tigani spoke with Louise de Leyritz on the Data Couch podcast.
Evocalize CEO Matthew Marx dives into the future of data-driven strategies on The Restaurant Technology Guys podcast.
Polly introduced Polly for Google Meet.
MobileWalla Founder and CEO Anindya Datta was featured in a profile by the University of Maryland - Robert H. Smith School of Business — his alma mater.