Madrona Venture Group, LLC is a venture capital firm based in Seattle, Washington, founded in 1995. The firm specializes in seed and early-stage investments, primarily focusing on the information technology sector. Its investment portfolio includes companies involved in e-commerce, digital media, advertising, software, gaming, data analytics, mobile technologies, and infrastructure. Madrona actively seeks to invest between $2 million and $10 million, often as a lead investor, and aims to take board positions in its portfolio companies. The firm is particularly interested in businesses that are aligned with the Future of Work and the low-code/no-code development areas, primarily targeting opportunities within the Pacific Northwest region.
Unstructured is a developer of an open-source data transformation platform that simplifies the process of converting raw data from various sources, such as PDFs and Microsoft Office documents, into formats suitable for retrieval-augmented generation (RAG) applications. The platform supports over 25 file types and offers integration capabilities with third-party services like SharePoint and S3. By utilizing open-source libraries and application programming interfaces, Unstructured allows clients to create custom preprocessing pipelines tailored for machine learning tasks. This capability enhances the accessibility of human-generated information for large language models (LLMs) and facilitates seamless data extraction and integration into AI workflows, ultimately enabling organizations to maximize the value of their documents.
Unstructured
Series A in 2023
Unstructured is a developer of an open-source data transformation platform that simplifies the process of converting raw data from various sources, such as PDFs and Microsoft Office documents, into formats suitable for retrieval-augmented generation (RAG) applications. The platform supports over 25 file types and offers integration capabilities with third-party services like SharePoint and S3. By utilizing open-source libraries and application programming interfaces, Unstructured allows clients to create custom preprocessing pipelines tailored for machine learning tasks. This capability enhances the accessibility of human-generated information for large language models (LLMs) and facilitates seamless data extraction and integration into AI workflows, ultimately enabling organizations to maximize the value of their documents.
Temporal
Series B in 2023
Temporal Technologies Inc. is a software company based in Bellevue, Washington, established in 2019. It develops an open-source microservices orchestration engine that enables developers to create and manage scalable distributed applications, workflow functions, and data pipelines. The platform supports seamless execution of development, debugging, and testing processes, along with resource provisioning and monitoring tools. It also offers solutions for financial transactions. Temporal's technology is designed to ensure the reliable completion of workflows of any size and complexity, incorporating features such as built-in support for exponential activity retries and compensation logic through the native saga pattern. Additionally, the company provides cloud services to enhance its offerings.
Spice AI
Seed Round in 2022
Spice AI is a technology startup based in Seattle, Washington, focused on simplifying access to artificial intelligence and machine learning for developers. Founded in June 2021 by former engineers from Microsoft and GitHub, the company aims to streamline the development of intelligent applications, making the process as straightforward as creating a modern web page. Spice AI combines an open-source decision engine with machine learning-ready data to empower developers in building next-generation AI-driven applications. By enhancing the accessibility of AI technologies, Spice AI seeks to improve quality of life through innovative solutions.
Temporal
Series B in 2022
Temporal Technologies Inc. is a software company based in Bellevue, Washington, established in 2019. It develops an open-source microservices orchestration engine that enables developers to create and manage scalable distributed applications, workflow functions, and data pipelines. The platform supports seamless execution of development, debugging, and testing processes, along with resource provisioning and monitoring tools. It also offers solutions for financial transactions. Temporal's technology is designed to ensure the reliable completion of workflows of any size and complexity, incorporating features such as built-in support for exponential activity retries and compensation logic through the native saga pattern. Additionally, the company provides cloud services to enhance its offerings.
SeekOut
Series C in 2022
SeekOut is a recruitment management platform that utilizes advanced AI and machine-learning technologies to help talent acquisition teams identify and engage hard-to-find and diverse candidates. The platform offers unique sourcing capabilities, including access to GitHub profiles, which allows recruiters to discover untapped deep tech talent. It also features insights from over 80 million profiles in engineering and life sciences, based on patents and research publications, helping organizations identify innovation leaders. SeekOut facilitates one-click access to millions of diverse candidates, enabling recruiters to enhance their diversity initiatives. With a best-in-class AI search across 500 million profiles and industry-leading contact information, the platform increases response rates through automated messaging campaigns. Additionally, SeekOut provides custom search engines for various social networks, offering a comprehensive view of available talent while reducing the need for multiple recruitment tools and improving return on investment.
Spice AI
Pre Seed Round in 2021
Spice AI is a technology startup based in Seattle, Washington, focused on simplifying access to artificial intelligence and machine learning for developers. Founded in June 2021 by former engineers from Microsoft and GitHub, the company aims to streamline the development of intelligent applications, making the process as straightforward as creating a modern web page. Spice AI combines an open-source decision engine with machine learning-ready data to empower developers in building next-generation AI-driven applications. By enhancing the accessibility of AI technologies, Spice AI seeks to improve quality of life through innovative solutions.
Battlesnake
Seed Round in 2021
Battlesnake is a platform that allows people who wanted to know and try programming in a fun way. Battlesnake is used to learn new technologies, improve their skills, and have fun with friends and colleagues.
SeekOut
Series B in 2021
SeekOut is a recruitment management platform that utilizes advanced AI and machine-learning technologies to help talent acquisition teams identify and engage hard-to-find and diverse candidates. The platform offers unique sourcing capabilities, including access to GitHub profiles, which allows recruiters to discover untapped deep tech talent. It also features insights from over 80 million profiles in engineering and life sciences, based on patents and research publications, helping organizations identify innovation leaders. SeekOut facilitates one-click access to millions of diverse candidates, enabling recruiters to enhance their diversity initiatives. With a best-in-class AI search across 500 million profiles and industry-leading contact information, the platform increases response rates through automated messaging campaigns. Additionally, SeekOut provides custom search engines for various social networks, offering a comprehensive view of available talent while reducing the need for multiple recruitment tools and improving return on investment.
Pixel8earth
Pre Seed Round in 2020
Pixel8earth is focused on creating a crowdsourced, continuously updated 3D map of the world that serves both machines and humans. The company utilizes computer vision and geomatics to transform ordinary videos and photos into georeferenced 3D point clouds and meshes. This innovative approach allows for the integration of various high-volume data sources, enabling the generation and ongoing refinement of global 3D maps. The maps achieve an accuracy of 25-50 cm RMSE relative to a survey baseline, while the Visual Positioning Systems (VPS) derived from these maps attain approximately 2-meter location accuracy and 6.25-degree rotational accuracy. Through its technology, Pixel8earth aims to provide a self-improving ground truth for diverse applications.
Temporal
Series A in 2020
Temporal Technologies Inc. is a software company based in Bellevue, Washington, established in 2019. It develops an open-source microservices orchestration engine that enables developers to create and manage scalable distributed applications, workflow functions, and data pipelines. The platform supports seamless execution of development, debugging, and testing processes, along with resource provisioning and monitoring tools. It also offers solutions for financial transactions. Temporal's technology is designed to ensure the reliable completion of workflows of any size and complexity, incorporating features such as built-in support for exponential activity retries and compensation logic through the native saga pattern. Additionally, the company provides cloud services to enhance its offerings.
SeekOut
Series A in 2019
SeekOut is a recruitment management platform that utilizes advanced AI and machine-learning technologies to help talent acquisition teams identify and engage hard-to-find and diverse candidates. The platform offers unique sourcing capabilities, including access to GitHub profiles, which allows recruiters to discover untapped deep tech talent. It also features insights from over 80 million profiles in engineering and life sciences, based on patents and research publications, helping organizations identify innovation leaders. SeekOut facilitates one-click access to millions of diverse candidates, enabling recruiters to enhance their diversity initiatives. With a best-in-class AI search across 500 million profiles and industry-leading contact information, the platform increases response rates through automated messaging campaigns. Additionally, SeekOut provides custom search engines for various social networks, offering a comprehensive view of available talent while reducing the need for multiple recruitment tools and improving return on investment.
Tigera
Series B in 2018
Tigera, Inc. is a provider of open policy-driven networking solutions specifically designed for cloud-native applications. Incorporated in 2016 and based in San Francisco, California, with an engineering office in Vancouver, Canada, the company offers Calico, a unified network security and observability platform. Calico is recognized as the most widely adopted container networking and security solution, effectively preventing, detecting, and mitigating security breaches in Kubernetes clusters. This software powers over 100 million containers across more than 8 million nodes globally, supporting all major cloud providers and Kubernetes distributions. Tigera's Canal product combines and refines existing cloud networking solutions, enabling enterprises to implement secure application connectivity in private, public, and hybrid cloud environments. Leading companies across various industries utilize Tigera’s technology to enhance the security and scalability of their applications.
IOPipe
Seed Round in 2018
IOpipe is a developer of a serverless DevOps platform that aids teams in building serverless applications efficiently. The platform addresses the unique challenges of serverless computing by offering an open-source module that provides real-time monitoring and insights. It delivers features such as telemetry, tracing, profiling, alerts, logs, and error tracking, specifically designed for event-driven applications. This allows developers to gain valuable insights into the performance and operation of their functions, including those within Amazon Lambda. IOpipe emphasizes a customer-centric approach, collaborating closely with users to enhance their offerings. The company fosters a remote-first, diverse work environment focused on developing a top-tier product for serverless application development and operations.
Tigera
Series A in 2018
Tigera, Inc. is a provider of open policy-driven networking solutions specifically designed for cloud-native applications. Incorporated in 2016 and based in San Francisco, California, with an engineering office in Vancouver, Canada, the company offers Calico, a unified network security and observability platform. Calico is recognized as the most widely adopted container networking and security solution, effectively preventing, detecting, and mitigating security breaches in Kubernetes clusters. This software powers over 100 million containers across more than 8 million nodes globally, supporting all major cloud providers and Kubernetes distributions. Tigera's Canal product combines and refines existing cloud networking solutions, enabling enterprises to implement secure application connectivity in private, public, and hybrid cloud environments. Leading companies across various industries utilize Tigera’s technology to enhance the security and scalability of their applications.
Heptio
Series B in 2017
Heptio Inc. is a company based in Seattle, Washington, founded in 2016 by key contributors to the Kubernetes project. It specializes in making the Kubernetes open-source container management software accessible to enterprises, facilitating the automation of deployment, scaling, and management of containerized applications. Heptio aims to bridge the gap between traditional enterprise IT and modern cloud-native computing, providing tools and technologies designed for the contemporary business environment. By supporting and advancing the Kubernetes ecosystem, Heptio helps organizations leverage Docker containers effectively, enabling them to build robust cloud-native architectures. As of December 2018, Heptio operates as a subsidiary of VMware, Inc.
IOPipe
Seed Round in 2017
IOpipe is a developer of a serverless DevOps platform that aids teams in building serverless applications efficiently. The platform addresses the unique challenges of serverless computing by offering an open-source module that provides real-time monitoring and insights. It delivers features such as telemetry, tracing, profiling, alerts, logs, and error tracking, specifically designed for event-driven applications. This allows developers to gain valuable insights into the performance and operation of their functions, including those within Amazon Lambda. IOpipe emphasizes a customer-centric approach, collaborating closely with users to enhance their offerings. The company fosters a remote-first, diverse work environment focused on developing a top-tier product for serverless application development and operations.
Heptio
Series A in 2016
Heptio Inc. is a company based in Seattle, Washington, founded in 2016 by key contributors to the Kubernetes project. It specializes in making the Kubernetes open-source container management software accessible to enterprises, facilitating the automation of deployment, scaling, and management of containerized applications. Heptio aims to bridge the gap between traditional enterprise IT and modern cloud-native computing, providing tools and technologies designed for the contemporary business environment. By supporting and advancing the Kubernetes ecosystem, Heptio helps organizations leverage Docker containers effectively, enabling them to build robust cloud-native architectures. As of December 2018, Heptio operates as a subsidiary of VMware, Inc.
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