Introducing the 2024 IA40, Soma Somasegar Joins UiPath Board, Preliminary Agenda Released for the IA Summit
Meet the 40 most promising companies leveraging AI/ML in 2024! Hear from Madrona's Soma Somasegar on the recent UiPath announcement that he's joining their board. Check out what's in store for the 2024 IA Summit now that the preliminary agenda is out! Plus, portfolio updates: Yoodli earns a shout-out from MasterClass, MotherDuck builds a data app generator, Statsig unveils a new design system, and much more!
Introducing the 2024 Intelligent Applications 40
We are excited to unveil the 2024 Intelligent Applications 40, highlighting this year’s most compelling private companies leveraging artificial intelligence and machine learning. We received over 380 nominations from more than 70 venture investors across 54 top-tier venture and corporate investment firms and continued our partnership with PitchBook to incorporate its data-driven scoring into the voting process to further enhance the rigor and research behind our decision-making.
At Madrona, we have spent over a decade partnering with and investing in intelligent application companies, observing their influence and impact across various verticals. These applications are poised to shape the future of software and the next wave of computing. We believe they deserve to be recognized and celebrated for their achievements!
Read more insights and thoughts about this year's winners and the current AI landscape here. (You can see the full list and methodology here.)
IA Summit: Preliminary Agenda Out Now
We will be celebrating the #IA40 winners on Oct. 2 at the 2024 #IASummit in partnership with Microsoft, Amazon Web Services (AWS), Delta Air Lines, NYSE, Morgan Stanley, & McKinsey & Company.
Last week, we shared the preliminary agenda for the Summit, which includes an incredible roster of speakers you want to hear from. In addition to Microsoft's Mustafa Suleyman , Cohere 's Aidan Gomez , and Altimeter 's Brad Gerstner , we've recently confirmed Christian Kleinerman , EVP of Product at Snowflake , Asha Sharma , CVP Product for Microsoft's AI Platform, Arvind Jain , Founder & CEO of Glean , and Cody Coleman , Co-Founder and CEO of Coactive AI .
Topics this year include navigating the model landscape, deepfakes, CIO enterprise AI strategies, data from acquisition to production, vertical intelligent apps, and so much more. Check out the IA Summit website for the full agenda.
Soma Somasegar Joins UiPath Board
UiPath recently announced Madrona Managing Director S. Somasegar is joining its board. Soma has a long history with the company — you can learn more from a blog he wrote after UiPath's IPO and GeekWire's story after we first invested in the company in 2018.
Here's what Soma shared on LinkedIn after the announcement.
"I'm excited to share that I've joined the board of UiPath, a company I've had the privilege of working with since Madrona's initial investment in 2018. As much as success can seem like an overnight phenomenon, the journey for UiPath has been anything but — it's been filled with perseverance and innovation that has ultimately delivered tremendous productivity gains to businesses around the world.
Daniel Dines and his team have built something truly special, creating the RPA category and becoming a leader in automation. With AI and agentic workflows, UiPath is leading the way in using software robots and agents to unlock the next wave of business process transformation.
It's been an incredible experience to watch UiPath scale its team, technology, and impact on the world of business over these last six years, and I look forward to continuing this journey with the leadership team and the board."
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Deepgram Founder Scott Stephenson Shares Strategies for Scaling and Outmaneuvering Big Tech
Did you listen to the latest episode of Founded & Funded featuring Deepgram Founder Scott Stephenson ? One piece of advice from Scott: Founders - pick one thing and then put the blinders on! Listen or watch his full conversation with Madrona’s Karan Mehandru for more advice and a great AI discussion!
Like what you hear? Subscribe to tune into these conversations every other week!
Portfolio Roundup
Yoodli was featured in MasterClass’s latest course on AI skills.
Clerk launched a Hugging Face SSO provider.
Statsig unveiled a new design system: Pluto.
MotherDuck built a data app generator.
Observe announced Observe Agent.
RelationalAI is featured in the latest Snowflake AI Builders series.
Clari and Cohesity were named to The Herd’s 2024 list of the top 100 privately held software companies globally.
TaxBit Managing Director of Europe Max Bernt joined the TRM Talks podcast.
Qumulo announced S3 Object Locking, designed to elevate data protection and integrity.
OctoAI Co-Founder Jason Knight was featured in an interview with Unite.AI.
Cohesity CEO Sanjya Poonen spoke with Yahoo Finance about the 2 priorities in enterprise software.
Evocalize CEO Matthew Marx was named a 2024 HousingWire Vanguard.