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Federal CIOs Look to Reduce IT Costs with Help from Private Sector

The Wall Street Journal 5/19/2015 – Chief information officers in the U.S. government are trying to learn from private sector CIOs how to transparently measure and communicate IT costs. A group of CIOs from various agencies traveled to California to meet with CIOs from Coca-Cola Co., Exxon Mobil Corp.XOM -0.01%, DuPont Co.DD -0.55%, SunTrust Banks Inc.STI -1.28% and other companies.

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POSTED IN: Portfolio Company News

iSpot lands $22M to help big brands measure if TV ads are working

Geekwire 5/19/2015 – Nielsen may be the top name in TV measurement — an industry juggernaut for 92 years with annual revenues of more than $6 billion and a market value of nearly $17 billion. In fact, founder Arthur Nielsen is even credited with coining the term “market share.”

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Ex-Microsoft execs connect dots between marketing content and sales performance

Fortune May 8, 2015 – Which of your company’s pitch presentations translate into revenue most often? For that matter, which ones are modified most often by the sales team?

Three-year-old startup Highspot, founded by several former senior Microsoft managers, uses machine learning to answer these notoriously elusive questions.

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POSTED IN: Portfolio Company News

Tech vs. biotech: VC heavyweights Madrona, Arch face off over how to fund Seattle

PSBJ May 7, 2015 – Should Seattle’s biotech industry embrace working with the rest of the local tech industry or work separately? 

That question set off a vigorous discussion at a biotech forum Wednesday at cancer research nonprofit Fred Hutch, hosted by news website Xconomy and attended by nearly every major biotech name in the Puget Sound region.

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POSTED IN: Madrona News

Impinj Sells 10 Billion Chips, Unlocking Internet of Everyday Things

Xconomy 4/20/15 – The real promise of the Internet of Things is connecting not just powered electronic devices, but the countless other everyday items that until recently have remained stubbornly isolated in the physical world.

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POSTED IN: Madrona News, Portfolio Company News

All Eyes on Amazon Web Services

Bloomberg Business 4/23/15 – Madrona Ventures Managing Director Matt McIlwain and Bloomberg’s Jack Clark discuss Amazon’s web services with Bloomberg’s Cory Johnson on “Bloomberg West.” (Source: Bloomberg)

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POSTED IN: Madrona News

The Football Bros Behind the Final Four

OZY 4/3/15 – It’s many a little boy’s dream: Play football, row, wrestle your way through high school, letter in a Division 1 sport in college and then, somehow, actually make money by powering none other than the Final Four.

They probably did not dream of spreadsheets.

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Seattle: Kurt Cobain, Coffee, Data Storage – The city is luring money and talent from Silicon Valley

Bloomberg BusinessWeek 4/2/15 –  When investors asked Kiran Bhageshpur whether his new tech startup meant he’d be moving back to Silicon Valley, he said no. Bhageshpur spent almost two decades in the Valley building business software before moving to Seattle, which he says has the ecosystem his latest venture needs. 

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POSTED IN: Madrona News

The mighty Madrona: Why one VC firm is so critical to Seattle (and why that’s a little scary)

Geekwire 3/30/2015 – Look across Seattle’s startup landscape, and you’ll see a commonality. Like the tree it takes its name from, Madrona Venture Group’s roots are everywhere. Partners teach entrepreneurial classes at the University of Washington. Organizations such as Techstars and UP Global rely on its support. And countless entrepreneurs have walked through the doors of the firm’s offices at 999 3rd Avenue hoping to add fuel and muscle to their startups.

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Jama Software Scoops Up $20M To Fund To Modernize Software Development

Forbes 3/30/15 – Perhaps the most overused quote in the technology industry comes from legendary investor Marc Andreessen who famously opined “software is eating the world”. 

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Now Algorithms Are Deciding Whom To Hire, Based On Voice

NPR 3/23/2015 – If you’re trying out for a job in sales, the person who judges your pitch may not be a person — it could be a computer.

Job recruitment is the newest frontier in automated labor, where algorithms are choosing who’s the right fit to sell fast food or handle angry cable customers, by sizing up the human candidates’ voices.

Let’s take a voice you know: Al Pacino. Think back to how he sounds in The Godfather, Devil’s Advocate, Scarface or this recent interview on Charlie Rose.

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The Waves of the Future May Bend Around Metamaterials

The New York Times 3/23/15 – BELLEVUE, Wash. — Plastics. Computers. Metamaterials?

Almost half a century after Dustin Hoffman was taken aside in “The Graduate” and given the famous “one word” line about the future, it may be time to update the script again. And metamaterials appear to have the same potential to transform entire industries. Over the past 15 years or so, scientists have learned how to construct materials that bend light waves, as well as radar, radio, sound and even seismic waves, in ways that do not naturally occur.

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Madrona Announces New Strategic Directors, McAdam, Patel and Singh

MVG Strategic Director Announcement (2)

Madrona Adds John McAdam, Sujal Patel and Steve Singh as Strategic Directors

 

Seattle, WA – March 19, 2015 – Madrona Venture Group announced today the addition of three new Strategic Directors. John McAdam, Sujal Patel and Steve Singh will work with Madrona portfolio company founders and executives, sharing their insight and operating experiences as CEOs who grew smaller businesses into highly successful, public technology companies. As CEOs of F5 Networks (NASDAQ: FFIV), Isilon Systems (acquired by EMC) and Concur (acquired by SAP) respectively, these executives have built market leaders that have generated billions in revenue and economic value.

 

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POSTED IN: Madrona News, Press Release

Rover raises $25M for dog sitting marketplace, will expand to more cities

Geekwire  3/19/15 -  Rover.com, the Seattle-based startup that connects dog owners with people to care for their pooches, today announced a $25 million funding round led by Technology Crossover Ventures.

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AppNexus Buys Yieldex for $100 Million

Two New York-based startups are merging, with potential IPO ramifications. AppNexus Inc., the automated online advertising technology firm, is acquiring rival Yieldex, the companies are set to announce. The cash-and-stock deal is worth about $100 million.

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Qumulo Emerges from Stealth with World’s First Data-Aware Scale-Out Network-Attached Storage

3/16/15 – Qumulo Core Software Delivers Real-Time Analytics and Storage for Customers Including Ant Farm, Blind Studios, Densho, Institute for Health Metrics and Evaluation at the University of Washington, Sinclair Oil, Sportvision, TELUS Studios, University of Utah Scientific Computing and Imaging Institute, and ZOIC Studios

Qumulo, a new enterprise data storage company, came out of stealth today to introduce the world’s first data-aware scale-out network-attached storage (NAS). 

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POSTED IN: Portfolio Company News, Press Release

There’s an Algorithm for That: Algorithmia Helps You Find It

Xconomy 3/12/15 – These days, you don’t have to be an expert in natural-language processing or computer vision to make an app that can automatically summarize text or recognize faces. You just have to find the right algorithm.

Seattle startup Algorithmia is making both finding and using algorithms easier with a marketplace that unites algorithm creators and the software developers who need them.

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Gaming startup PlayFab raises $7.4M from Benchmark, Madrona and others

Geekwire 2/27/15 – PlayFab, a Seattle-based company that provides game developers with back-end services for their online games, announced today that it raised $7.4 million in a Series A investment round.

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Candy Crush maker King buys Seattle gaming startup Z2 for up to $150M, creating first U.S. studio

Geekwire 2/12/15 – Battle Nations meet Candy Crush.

Z2, the Seattle mobile gaming company known for titles such as Battle Nations and Metalstorm, is being acquired for up to $150 million in cash by King Digital Entertainment. The deal includes $45 million in upfront cash, and as much as $105 million more if certain milestones are met.

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Placed Selected as Preferred Attribution and Location Analytics Solution by Leading Media Agencies

2/11/15 – Placed, Inc., the leader in location-driven insights and ad intelligence, today announced that its Placed Attribution product has been chosen as the preferred digital to in-store measurement solution by the leading media agencies in the US, including DigitasLBi, Horizon, Essence, Southwest Media Group, Crossmedia, and IPG Mediabrands.  

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POSTED IN: Press Release