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Skytap Raises $35M For Its Cloud-Based Enterprise Development And Testing Service

Techcrunch – Skytap is a service that aims to help dev and test teams in the enterprise work more efficiently (and test their code more often). The company today announced that it has raised a $35 million funding round led by Insight Venture Partners, with participation from all of the company’s previous investors, including OpenView Venture Partners, Ignition Partners, Madrona Venture Group, and Washington Research Foundation.

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POSTED IN: Madrona News

Redfin Raises $71 Million in Funding Led by Wellington, Glynn

Bloomberg – Redfin Corp., an online real-estate brokerage, raised $70.9 million in a financing round led by institutional investors Wellington Management Co. and Glynn Capital Management.

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POSTED IN: Madrona News

Bill Gates and Madrona lead $15M investment in secretive high-tech radar company Echodyne

Geekwire - Bill Gates and Madrona Venture Group are leading a $15 million investment in a new company called Echodyne, which is developing secretive new radar technology based on artificial materials that can manipulate and control electromagnetic radiation.

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POSTED IN: Companies News

Madrona Venture Group Launches Studio to Build New Startups

Wall Street Journal — Madrona Venture Group has launched an in-house startup studio, Madrona Venture Labs, as a way to formalize the firm’s investments in tech startups that are in the very early stage.

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POSTED IN: Madrona News

How I Made — Instead of Spent — 26 Cents With a Mobile App

New York Times – Last week, I had a few minutes to kill so rather than blow it on Facebook or Twitter, I made a little cash.

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POSTED IN: Companies News, Madrona News

AI Won’t Exterminate Us, It Will Empower Us

Backchannel — It’s time to intelligently discuss Artificial Intelligence. I am an AI researcher and I’m not scared. Here’s why. By Oren Etzioni

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Stealthy security startup Icebrg.io raises $2.5M from Madrona and other investors

Geekwire – Icebrg.io, a Seattle-based security startup, has raised $2.5 million in a round of seed funding led by Madrona Venture Group, with participation from Formation 8 and other investors. The company was founded by Will Peteroy and Josh Carlson, two security professionals who met while working as a part of Microsoft’s Security Response team.

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POSTED IN: Companies News

Turning Programming Into Child’s Play

The New York Times — Dash is a small blue robot that can be programmed to play the xylophone, kick a ball, act like a dog and deliver messages — for instance, a prerecorded rendition of the “Happy Birthday” song. Its head, which spins around, has a single, Cyclops-like eye. Sometimes Dash emits a cheerful chime — a sign that it approves of its programmer’s actions.

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Goldman, Bank of America Fund Context Relevant

Bloomberg — Context Relevant Inc., a maker of software that analyzes data and makes predictions, raised $13.5 million from a group of investors including Goldman Sachs Group Inc. (GS) and Bank of America Corp. to fund expansion.

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POSTED IN: Articles, Companies News, Madrona News

Bezos-Backed Pro.com Raises Another $14 Million to Help Renovate Your Home

Bloomberg — Fernleaf green, the color of the walls in my living room, started to look dated ages ago. The baseboards need retouching, and there’s a hole in the drywall near the front door, where movers once bobbled a sofa.

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Seattle’s Madrona Taps Former Microsoft Executive DelBene

Bloomberg — Former Microsoft Corp. (MSFT) executive Kurt DelBene is joining Madrona Venture Group as a partner where he’ll help the Seattle-based firm identify new investments and work on strategy.

POSTED IN: Articles, Madrona News

Algorithmia Raises $2.4M from Madrona and Others to Create Marketplace for Algorithms

Geekwire — Algorithmia, a Seattle-based startup that wants to build a marketplace for algorithms, has raised $2.4 million in a round of seed funding led by Madrona Venture Group.

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POSTED IN: Companies News, Madrona News

Tech Moves: Rosenthal Returns to Madrona

Geekwire — David Rosenthal is returning to Madrona Venture Group. Rosenthal, a former investment banker at UBS and a member of The Wall Street Journal’s venture and corporate development group, left the firm two years ago in order to earn his MBA from Stanford University. 

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POSTED IN: Articles, Madrona News

Animoto Makes Quick Work of Creating Movies on an iPad

re/code — With the July Fourth weekend and summer vacations coming up, the eternal questions arise: How do you package up all those photos and video clips on your smartphone into something that tells the story of a trip or event?

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POSTED IN: Companies News

Seattle, the New Center of a Tech Boom

The New York Times — From his ninth-floor office in downtown Seattle, Hewlett-Packard’s cloud computing outpost, Bill Hilf can see the Space Needle, the Pike Street Market and the future of computing.

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POSTED IN: Articles, Madrona News

Location Data Company Placed Raises $10 Million to Track Store Visits

Ad Age — Placed, which tracks the movements of 175,000 people in the U.S. through their mobile devices, just scored $10 million in a series B funding round.

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Priceline Acquires Buuteeq and Gets Deeper Into Being Hotel-Tech Provider

Skift — The Priceline Group, which is the largest accommodation provider in the world, announced it acquired Buuteeq, a digital marketing platform for hotels.

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POSTED IN: Articles, Companies News

Investment Outlook Is Sunny In The Cloud Capital

TechCrunch — In the last quarter, Seattle-based companies raised over $500 million in venture funding — the highest amount raised in a single quarter to date – according to CrunchBase data.

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POSTED IN: Articles, Companies News

ExtraHop Raises $41M Series C Round For Its Real-Time IT Analytics Service

TechCrunch — Seattle-based ExtraHop, a service that offers real-time analytics based on analyzing data right off the wire instead of using software that runs on the server, today announced that it has raised a $41 million Series C round.

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Jobaline Raises $7M to Expand Hourly Jobs Marketplace to 50 Cities in Six Months

GeekWire — Jobaline, a bilingual marketplace that helps businesses hire dishwashers, construction workers, mechanics, landscapers and janitors, has closed a second round of funding totaling $7 million. 

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With Banks, Insurers Knocking, Context Relevant Lands $21M to Answer

Xconomy — Context Relevant has focused its big data analysis software on deep-pocketed financial services firms that are looking for an edge, demand tight security, and are willing to pay for it.

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POSTED IN: Articles, Companies News

Kyle Vucko Makes Stylish, Custom Suits for the 99 Percent

Fast Company — The 28-year-old CEO of Indochino set out to remake the process of buying a suit.

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Revealed: The Winners of the 2014 GeekWire Awards

GeekWire — The best and brightest of Seattle’s startup scene filled the EMP Thursday evening, as we welcomed more than 800 of you to honor the region’s top entrepreneurs and companies at the 2014 GeekWire Awards.

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POSTED IN: Articles, Companies News, Madrona News

Stealthy Data Center Infrastructure Startup Igneous Systems Raises $23.6M Series A from NEA, Madrona and Others

GeekWire — Igneous Systems has been operating in stealth mode since the company was formed with a $3 million seed round last fall.

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Using the Cloud to Track Migrant Workers and Pregnant Goats

Bloomberg — Employers of Mexican immigrants in the U.S. can have a tough time following the rules. They need to track each employee’s immigration forms, workers’ compensation, labor disputes, health-care options and more.

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Julep Raises $30M in Oversubscribed Round, Looks to Build Big Beauty Brand

GeekWire — ith revenues more than tripling last year and new beauty products in the works, Seattle cosmetics and e-commerce powerhouse Julep has raised $30 million in fresh funding.

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Why the ‘Internet of Things’ is Still Fragile

MarketPlace Tech — In the world of the Internet of Things, every device from your refrigerator to your thermostat seems smart. The idea is, we humans don’t have to set temperatures or see if we’ve run out of milk because the devices will do it for us.

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POSTED IN: Articles

Microsoft Office for iPad – CNBC Live: Matt McIlwain

CNBC Live — Anticipating Microsoft CEO Satya Nadella’s first appearance as CEO, with Matt McIlwain, Madrona Venture Group, and CNBC’s Jon Fortt.

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POSTED IN: Madrona News

VC Julie Sandler Tells Teens: ‘We Need More Girls Pursuing Their Entrepreneurial Ideas’

GeekWire — With more than 15,000 energetic high school students surrounding her on stage at Key Arena, Julie Sandler offered up a simple question: How many of you have ever had an idea to make the world a better place?

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POSTED IN: Articles, Madrona News

Hey, Seattle, Why Stop with Ride-sharing? Cap These 10 Other Innovations While You’re At It

GeekWire — Greg Gottesman’s view on the Seattle City Council 9-0 decision to cap the number of UberX, Sidecar and Lyft drivers on our streets.

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POSTED IN: Articles, Madrona News, Opinions

Rover.com Lands $12M More in Financing

The Seattle Times — Seattle-based Rover.com, the online website that connects dog owners with dog sitters, has secured $12 million in its third round of financing, allowing the company to increase its employee head count and expand its products offerings.

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Enterprise Cloud Is Microsoft‘s Future: McIlwain

Bloomberg TV — Matt McIlwain examines the state of Microsoft and comments from former CEO Steve Ballmer to students at Oxford Union on Bloomberg Television’s “Bloomberg West.”

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POSTED IN: Madrona News, Opinions

Educational Robot Co. Play-i Secures $8M to Build Apps & Expand

WSJ — Robot toy company Play-i Inc. has raised $8 million to begin shipping robots and enter the next phase in its quest to teach kindergartners how to code.

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Review: At Home with Wally, a New Sensor Network for Detecting Water Leaks

GeekWire — My home may be 114 years old, but I remain on a quest to outfit it with the latest in home technologies. I’ve taken a look at the Nest Thermostat and the Nest Protect smoke alarm, so thought I should get in on the first shipment of Wally, the in-home sensor network designed to detect water leaks before they become a huge headache.

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What is Seattle’s Rightful Place in the Technology World?

GeekWire Radio — Our guest on this week’s GeekWire Radio show is Matt McIlwain,  a mainstay of the Pacific Northwest tech community.

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POSTED IN: Madrona News, Opinions

Why This Venture Firm is Helping 30 laid-off Zynga Engineers Find Work

GeekWire — It’s only been one week since 30 Zynga Seattle employees were laid off, but one local venture capital firm is already trying to help get the engineers back on their feet.

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POSTED IN: Articles, Madrona News

Satya Nadella will serve Microsoft well

CNBC Live — Matt McIlwain weighs in on Microsoft’s new CEO Satya Nadella’s leadership capabilities.

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POSTED IN: Madrona News, Opinions

CFO of the Year 2014 Winners Announced by Business Journal

PSBJ —Puget Sound Business Journal named Impinj’s Evan Fein 2014 CFO of the Year in the small, private company category. These prestigious awards recognize financial professionals in Washington State for exemplary performance in their roles as corporate financial stewards. 

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Skytap Lands $6.45 Million, Plans Global Expansion

GeekWire — Skytap, a Seattle startup that allows companies to test development environments in the cloud, has raised an additional $6.45 million in series C financing from existing investors.

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The Secrets to Successful Super Bowl Ads – iSpot

ABC News — Advertisers pay millions to be in the big game, plus what makes the best ads so memorable.

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POSTED IN: Companies News

Big Tech Is Going Down

Re/code — Matt McIlwain on why big market cap technology companies are under siege. IBM just reported its seventh straight quarter of declining sales. And I believe that the value of big cap technology companies as a group will substantially decline in the coming years.

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Nest Competitor Monitors Your House’s Leaks on the Cheap

MIT Technology Review — A low-power, multiroom sensor network watches for drips and runs on a coin-cell battery.

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These Folks Let Their Careers Go to the Dogs (on Purpose)

Today.com — What’s one way to survive in an economy that’s meaner than a junkyard dog? Be willing to get some fur on your clothes.

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America’s Most Promising Companies

Forbes — Mixpo makes the list of Forbes top 100 most promising companies. 

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Bellevue’s Smartsheet Ready to Run the Super Bowl—and Win Some Smoked Bison

Puget Sound Business Journal — If the Seahawks win, Smartsheet gets a shipment of homemade smoked bison. If the Broncos win, Populous gets a shipment of homemade smoked salmon.

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Evocalize raises $3M to help brands build more personal relationships with customers

GeekWire — With the advent of social media and other technology, brands can communicate with individual customers in more ways than ever. However, one problem is that they either don’t have the tools or simply do not understand how to do so. That’s exactly where Evocalize wants to help.

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More Cash for Smart Homes: SNUPI gets $7.5 million

VentureBeat — Startups are still trying to make it easier — and cheaper — to fill your house with sensors and connected gadgets. One of these startups is Snupi, whose WallyHome system tells users when it detects water leaks in their homes. 

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From CES 2014 – This Wearable Gadget Zaps You to Stand Taller

Mashable — Lumo BodyTech announced during the 2014 International CE show a small gadget that nudges you to stand up straight.

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From CES 2014 – Will I get Stuck in the KitchenAid Ecosystem?

Marketplace —The Consumer Electronics Show kicks off this week. On view almost 2 million square feet of the latest consumer gadgets and one of this year’s themes is the Internet of Things.  Scott Jacobson says a few things are driving this trend. 

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POSTED IN: Articles, Companies News, Madrona News