Madrona

Madrona Venture Group, established in 1995 and headquartered in Seattle, Washington, is a venture capital firm focusing on early-stage investments in the information technology sector. The firm primarily invests in the Pacific Northwest region, with a preference for companies operating in consumer Internet, commercial software, digital media, and emerging technologies like AI/ML and fintech. Madrona typically invests between $2 million and $10 million, often taking a board seat in portfolio companies.

Tom Alberg

Co-Founder and Managing Director

Loren Alhadeff

Venture Partner

Anna Baird

Operating Partner

Jennifer Chambers

Administrative Partner

Troy Cichos

COO and Partner

Hope Cochran

Managing Director

Jack Creighton

Strategic Director

Aseem Datar

Partner

Maria Gilfoyle

Investor

Paul Goodrich

Co-Founder and Managing Director

Gerald Grinstein

Co-Founder and Strategic Director

Joe Horsman

Investor

Len Jordan

Venture Partner

Daniel Li

Venture Partner

Matthew McIlwain

Managing Director

Karan Mehandru

Managing Director

Mark Nelson

Venture Partner

Babak Parviz

Venture Partner

James Phillips

Strategic Director

Chris Picardo

Partner

Tim Porter

Managing Director

Vivek Ramaswami

Partner

William Ruckelshaus

Strategic Director

Siddharth Shenai

Venture Partner

Steve Singh

Managing Director

Soma Somasegar

Managing Director

John Torrey

Venture Partner

Jon Turow

Partner

Dan Weld

Venture Partner

Past deals in Open Source

Unstructured

Series B in 2024
Unstructured is a developer of an open-source data transformation platform that simplifies the process of converting raw data, such as PDFs and Microsoft Office documents, into formats compatible with language models. The platform supports over 25 file types, including PDF, DOC, and PPTX, and offers connectors to various systems like SharePoint, S3, and Databricks. By facilitating effortless data extraction and integration into AI workflows, Unstructured enhances the accessibility of human-generated information, ensuring that it is readily available for generative AI systems. Its modular architecture allows users to incorporate any third-party model, making it a versatile solution for preprocessing natural language data for machine learning applications.

Pulumi

Series C in 2023
Pulumi Corporation is a Seattle-based cloud engineering company that specializes in an infrastructure-as-code platform for developing cloud software. Founded in 2017, Pulumi provides an open-source software development kit (SDK) that enables developers and DevOps teams to create, deploy, and manage cloud applications and infrastructure using familiar programming languages. The platform supports various cloud environments, including public, private, and hybrid clouds, facilitating the delivery of modern applications through a collaborative approach. Pulumi's tools and frameworks cater to a wide range of use cases, from serverless functions to containerized applications, allowing enterprises to effectively manage their cloud services and streamline their cloud engineering processes.

Unstructured

Series A in 2023
Unstructured is a developer of an open-source data transformation platform that simplifies the process of converting raw data, such as PDFs and Microsoft Office documents, into formats compatible with language models. The platform supports over 25 file types, including PDF, DOC, and PPTX, and offers connectors to various systems like SharePoint, S3, and Databricks. By facilitating effortless data extraction and integration into AI workflows, Unstructured enhances the accessibility of human-generated information, ensuring that it is readily available for generative AI systems. Its modular architecture allows users to incorporate any third-party model, making it a versatile solution for preprocessing natural language data for machine learning applications.

Temporal

Series B in 2023
Temporal Technologies Inc. is a software company based in Bellevue, Washington, founded in 2019. It specializes in developing an open-source microservices orchestration engine that enables developers to build and operate scalable and resilient applications. This platform supports the creation of complex workflows and data pipelines, ensuring reliable workflow completion regardless of size or complexity. It includes features such as built-in support for exponential activity retries and native saga pattern support for defining workflow compensation logic. Additionally, Temporal offers tools for development, debugging, testing, resource provisioning, and monitoring, as well as cloud services to enhance application performance and reliability.

Spice AI

Seed Round in 2022
Spice AI is a technology startup based in Seattle, Washington, founded in June 2021 by former engineers from Microsoft and GitHub. The company aims to simplify the development of artificial intelligence and machine learning applications, making these advanced technologies more accessible to developers. Spice AI's platform integrates an open-source decision engine with machine learning-ready data, allowing developers to create intelligent applications with ease. By streamlining the process, Spice AI aspires to democratize access to quality-of-life enhancing AI solutions, ultimately enabling a wider range of developers to harness the power of artificial intelligence in their projects.

Temporal

Series B in 2022
Temporal Technologies Inc. is a software company based in Bellevue, Washington, founded in 2019. It specializes in developing an open-source microservices orchestration engine that enables developers to build and operate scalable and resilient applications. This platform supports the creation of complex workflows and data pipelines, ensuring reliable workflow completion regardless of size or complexity. It includes features such as built-in support for exponential activity retries and native saga pattern support for defining workflow compensation logic. Additionally, Temporal offers tools for development, debugging, testing, resource provisioning, and monitoring, as well as cloud services to enhance application performance and reliability.

SeekOut

Series C in 2022
SeekOut is an advanced AI-powered recruitment management platform that specializes in identifying and engaging hard-to-find and diverse talent. The company's unique capabilities allow recruiters to access a vast pool of over 80 million profiles, particularly in engineering and life sciences, by utilizing data from patents and research publications. SeekOut provides recruiters with tools to discover untapped deep tech talent through its proprietary sourcing solution for GitHub. It also offers best-in-class AI search functionality over 500 million profiles, ensuring that recruiters can efficiently match candidates to job vacancies. With features like one-click access to diverse candidates, automated messaging campaigns, and custom search engines across 37 social networks and websites, SeekOut enhances the recruiting process, allowing teams to focus on strategic tasks while improving overall return on investment.

Spice AI

Pre Seed Round in 2021
Spice AI is a technology startup based in Seattle, Washington, founded in June 2021 by former engineers from Microsoft and GitHub. The company aims to simplify the development of artificial intelligence and machine learning applications, making these advanced technologies more accessible to developers. Spice AI's platform integrates an open-source decision engine with machine learning-ready data, allowing developers to create intelligent applications with ease. By streamlining the process, Spice AI aspires to democratize access to quality-of-life enhancing AI solutions, ultimately enabling a wider range of developers to harness the power of artificial intelligence in their projects.

Battlesnake

Seed Round in 2021
Battlesnake is an online platform that engages users in programming through multiplayer gaming. It offers a unique environment for individuals to learn new technologies, enhance their coding skills, and participate in programming competitions. By fostering collaboration and celebrating diverse skill levels, Battlesnake not only provides a fun and interactive way to practice programming but also supports the development of communities centered around open-source software. The platform is designed to make programming accessible and enjoyable for friends and colleagues alike.

SeekOut

Series B in 2021
SeekOut is an advanced AI-powered recruitment management platform that specializes in identifying and engaging hard-to-find and diverse talent. The company's unique capabilities allow recruiters to access a vast pool of over 80 million profiles, particularly in engineering and life sciences, by utilizing data from patents and research publications. SeekOut provides recruiters with tools to discover untapped deep tech talent through its proprietary sourcing solution for GitHub. It also offers best-in-class AI search functionality over 500 million profiles, ensuring that recruiters can efficiently match candidates to job vacancies. With features like one-click access to diverse candidates, automated messaging campaigns, and custom search engines across 37 social networks and websites, SeekOut enhances the recruiting process, allowing teams to focus on strategic tasks while improving overall return on investment.

Pixel8earth

Pre Seed Round in 2020
Pixel8earth is a company focused on creating a crowdsourced and continuously updated 3D map of the world that serves both machines and humans. By integrating computer vision and geomatics, the company transforms commodity video and photos into georeferenced 3D point clouds and meshes. This innovative approach enables the utilization of various high-volume data sources to generate and maintain accurate 3D representations of the globe. The resulting maps achieve an absolute accuracy of 25-50 cm RMSE when compared to survey baselines. Additionally, Visual Positioning Systems developed from these 3D maps provide approximately 2-meter location accuracy and within 6.25-degree rotational accuracy, enhancing navigation and spatial awareness capabilities.

Pulumi

Series B in 2020
Pulumi Corporation is a Seattle-based cloud engineering company that specializes in an infrastructure-as-code platform for developing cloud software. Founded in 2017, Pulumi provides an open-source software development kit (SDK) that enables developers and DevOps teams to create, deploy, and manage cloud applications and infrastructure using familiar programming languages. The platform supports various cloud environments, including public, private, and hybrid clouds, facilitating the delivery of modern applications through a collaborative approach. Pulumi's tools and frameworks cater to a wide range of use cases, from serverless functions to containerized applications, allowing enterprises to effectively manage their cloud services and streamline their cloud engineering processes.

Temporal

Series A in 2020
Temporal Technologies Inc. is a software company based in Bellevue, Washington, founded in 2019. It specializes in developing an open-source microservices orchestration engine that enables developers to build and operate scalable and resilient applications. This platform supports the creation of complex workflows and data pipelines, ensuring reliable workflow completion regardless of size or complexity. It includes features such as built-in support for exponential activity retries and native saga pattern support for defining workflow compensation logic. Additionally, Temporal offers tools for development, debugging, testing, resource provisioning, and monitoring, as well as cloud services to enhance application performance and reliability.

SeekOut

Series A in 2019
SeekOut is an advanced AI-powered recruitment management platform that specializes in identifying and engaging hard-to-find and diverse talent. The company's unique capabilities allow recruiters to access a vast pool of over 80 million profiles, particularly in engineering and life sciences, by utilizing data from patents and research publications. SeekOut provides recruiters with tools to discover untapped deep tech talent through its proprietary sourcing solution for GitHub. It also offers best-in-class AI search functionality over 500 million profiles, ensuring that recruiters can efficiently match candidates to job vacancies. With features like one-click access to diverse candidates, automated messaging campaigns, and custom search engines across 37 social networks and websites, SeekOut enhances the recruiting process, allowing teams to focus on strategic tasks while improving overall return on investment.

Tigera

Series B in 2018
Tigera Inc., established in 2016 with headquarters in San Francisco and an engineering office in Vancouver, specializes in providing open-source network security solutions for cloud-native applications. The company's flagship product is Calico, a unified platform that prevents, detects, and mitigates security breaches in Kubernetes clusters. Calico, powered by two seminal open-source projects, offers software-based networking solutions for enterprises embracing private, public, or hybrid cloud deployments. It is widely adopted, supporting over 100 million containers across millions of nodes globally, and used by prominent companies such as Discover, Chipotle, NBCUniversal, and Siemens Healthineers.

Pulumi

Series A in 2018
Pulumi Corporation is a Seattle-based cloud engineering company that specializes in an infrastructure-as-code platform for developing cloud software. Founded in 2017, Pulumi provides an open-source software development kit (SDK) that enables developers and DevOps teams to create, deploy, and manage cloud applications and infrastructure using familiar programming languages. The platform supports various cloud environments, including public, private, and hybrid clouds, facilitating the delivery of modern applications through a collaborative approach. Pulumi's tools and frameworks cater to a wide range of use cases, from serverless functions to containerized applications, allowing enterprises to effectively manage their cloud services and streamline their cloud engineering processes.

IOPipe

Seed Round in 2018
IOpipe is a serverless DevOps platform designed to enhance the development and operational efficiency of serverless applications. The company addresses the unique challenges that arise from the shift towards serverless computing by providing an open-source module that offers real-time telemetry, tracing, profiling, alerts, logs, and error monitoring. This functionality allows developers to gain insights into the performance and operations of their event-driven applications, particularly within Amazon Lambda functions. By adopting a customer-centric approach, IOpipe collaborates closely with its users to address their challenges effectively. The company emphasizes building a remote-first and diverse team that is dedicated to creating a leading product for serverless application development and operations.

Pulumi

Seed Round in 2018
Pulumi Corporation is a Seattle-based cloud engineering company that specializes in an infrastructure-as-code platform for developing cloud software. Founded in 2017, Pulumi provides an open-source software development kit (SDK) that enables developers and DevOps teams to create, deploy, and manage cloud applications and infrastructure using familiar programming languages. The platform supports various cloud environments, including public, private, and hybrid clouds, facilitating the delivery of modern applications through a collaborative approach. Pulumi's tools and frameworks cater to a wide range of use cases, from serverless functions to containerized applications, allowing enterprises to effectively manage their cloud services and streamline their cloud engineering processes.

Tigera

Series A in 2018
Tigera Inc., established in 2016 with headquarters in San Francisco and an engineering office in Vancouver, specializes in providing open-source network security solutions for cloud-native applications. The company's flagship product is Calico, a unified platform that prevents, detects, and mitigates security breaches in Kubernetes clusters. Calico, powered by two seminal open-source projects, offers software-based networking solutions for enterprises embracing private, public, or hybrid cloud deployments. It is widely adopted, supporting over 100 million containers across millions of nodes globally, and used by prominent companies such as Discover, Chipotle, NBCUniversal, and Siemens Healthineers.

Heptio

Series B in 2017
Heptio Inc. is a Seattle-based company founded in 2016 that specializes in making Kubernetes, an open-source container management software, accessible to enterprises. As a subsidiary of VMware, Heptio focuses on supporting and advancing the Kubernetes ecosystem, bridging the gap between traditional enterprise IT and cloud-native computing. The company's platform facilitates the automation of deployment, scaling, and management of containerized applications, enabling technology-driven organizations to fully leverage the capabilities of Kubernetes. By providing tools and operational models tailored for modern enterprises, Heptio aims to simplify the integration of Docker containers into production environments.

IOPipe

Seed Round in 2017
IOpipe is a serverless DevOps platform designed to enhance the development and operational efficiency of serverless applications. The company addresses the unique challenges that arise from the shift towards serverless computing by providing an open-source module that offers real-time telemetry, tracing, profiling, alerts, logs, and error monitoring. This functionality allows developers to gain insights into the performance and operations of their event-driven applications, particularly within Amazon Lambda functions. By adopting a customer-centric approach, IOpipe collaborates closely with its users to address their challenges effectively. The company emphasizes building a remote-first and diverse team that is dedicated to creating a leading product for serverless application development and operations.

Heptio

Series A in 2016
Heptio Inc. is a Seattle-based company founded in 2016 that specializes in making Kubernetes, an open-source container management software, accessible to enterprises. As a subsidiary of VMware, Heptio focuses on supporting and advancing the Kubernetes ecosystem, bridging the gap between traditional enterprise IT and cloud-native computing. The company's platform facilitates the automation of deployment, scaling, and management of containerized applications, enabling technology-driven organizations to fully leverage the capabilities of Kubernetes. By providing tools and operational models tailored for modern enterprises, Heptio aims to simplify the integration of Docker containers into production environments.

SourceLabs

Venture Round in 2006
SourceLabs specializes in providing tools and services designed to support open-source software, with a particular focus on Linux. The company offers subscriptions that include enterprise support, maintenance, and upgrades for various open-source software solutions. Notably, SourceLabs is known for its proprietary Open Source Management System and its involvement in SWiK, a community-driven wiki website dedicated to documenting open-source software. Additionally, the company develops infrastructure software systems tailored for enterprise information technology industries.
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