AI & Intelligent Apps

Why we invest

Artificial intelligence has captured the imagination of consumers and businesses alike as they reimagine how life and work will change. While Madrona has been investing in AI since 2012, the recent acceleration has highlighted opportunities in the combination of unstructured data, natural user interactions, and generative capabilities. Our experience in applied AI from a technology and business model perspective has built a comprehensive understanding of AI’s strengths and vulnerabilities and an understanding of the expertise needed to navigate a rapidly evolving landscape. Madrona believes the next generation of tech leaders will emerge from key areas, including application orchestration, intelligent applications, AI infrastructure, and AI agents at the edge.

AI & Intelligent Apps

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Seed
  • Algorithmia
    Algorithmia’s AI Layer managed the machine learning lifecycle and automates the deployment of machine learning models at scale.
    Initial Investment
    2014
    Algorithmia’s AI Layer managed the machine learning lifecycle and automates the deployment of machine learning models at scale.
    Founders
    Kenny Daniel
    Diego Oppenheimer
    Investment Journey
    Acquired by Datarobot 2021
    Initial Investment
    2014
  • Chatitive
    Chatitive provided intelligent messaging experiences for businesses. The company was incubated with Madrona Venture Labs.
    Initial Investment
    2016
    Chatitive provided intelligent messaging experiences for businesses. The company was incubated with Madrona Venture Labs.
    Founders
    Andy Hollenbeck
    Daniel Pirone
    Investment Journey
    Acquired by Mailchimp 2021
    Initial Investment
    2016
  • Common Room
    Common Room is the intelligent community growth platform that helps organizations deepen relationships, build better products, and drive business impact. Common Room brings together community engagement, product usage, and customer data into a single place, and uses intelligence to surface actionable insights so teams can discover what’s most important, nurture advocates, collaborate more effectively, and measure outcomes. Today’s fastest growing companies trust Common Room to power their community growth, including Asana, Chainlink, Confluent, Figma, Grafana Labs, HubSpot, Notion, Webflow and more. The company is backed by Greylock Partners, Index Ventures, and Madrona Venture Group and is headquartered in Seattle.
    Initial Investment
    2020
    Common Room is the intelligent community growth platform that helps organizations deepen relationships, build better products, and drive business impact. Common Room brings together community engagement, product usage, and customer data into a single place, and uses intelligence to surface actionable insights so teams can discover what’s most important, nurture advocates, collaborate more effectively, and measure outcomes. Today’s fastest growing companies trust Common Room to power their community growth, including Asana, Chainlink, Confluent, Figma, Grafana Labs, HubSpot, Notion, Webflow and more. The company is backed by Greylock Partners, Index Ventures, and Madrona Venture Group and is headquartered in Seattle.
    Founders
    Linda Lian
    Tom Kleinpeter
    Viraj Mody
    Francis Luu
    Initial Investment
    2020
  • EdgeRunner AI
    EdgeRunner AI is on a mission to build generative AI for the edge that is safe, secure, and transparent. EdgeRunner AI develops small, task-specific ultra-efficient language models (UELMs) that operate without needing internet access, improving data privacy, security, and compliance. By providing generative AI solutions that run locally on any device or hardware, EdgeRunner AI enables enterprises and organizations to leverage AI technology responsibly, without compromising performance or security.
    Initial Investment
    2024
    EdgeRunner AI is on a mission to build generative AI for the edge that is safe, secure, and transparent. EdgeRunner AI develops small, task-specific ultra-efficient language models (UELMs) that operate without needing internet access, improving data privacy, security, and compliance. By providing generative AI solutions that run locally on any device or hardware, EdgeRunner AI enables enterprises and organizations to leverage AI technology responsibly, without compromising performance or security.
    Founders
    Tyler Xuan Saltsman
    Colton Malkerson
    Initial Investment
    2024
  • Finpilot
    Finpilot is an AI copilot for finance to speed up investment research. Financial analysts can use it to scour financial data, analyze companies, write reports, and visualize data — all from verifiable sources.
    Initial Investment
    2024
    Finpilot is an AI copilot for finance to speed up investment research. Financial analysts can use it to scour financial data, analyze companies, write reports, and visualize data — all from verifiable sources.
    Founders
    Lakshay Chauhan
    John Alberg
    Initial Investment
    2024
  • Fixie
    Fixie is a platform that makes it easy to build applications that integrate LLMs in any software system — databases, APIs, websites, documents, and more — to enable entirely new products and experiences.
    Initial Investment
    2023
    Fixie is a platform that makes it easy to build applications that integrate LLMs in any software system — databases, APIs, websites, documents, and more — to enable entirely new products and experiences.
    Founders
    Matt Welsh
    Zack Koch
    Justin Uberti
    Hessam Bagherinezhad
    Initial Investment
    2023
  • Gradial
    Gradial is a generative AI and workflow solution for marketing and sales teams. Its platform combines the latest image and text generation models with customers' existing design systems so creative teams can build websites, campaigns, and experiences as fast as they can describe them.
    Initial Investment
    2023
    Gradial is a generative AI and workflow solution for marketing and sales teams. Its platform combines the latest image and text generation models with customers' existing design systems so creative teams can build websites, campaigns, and experiences as fast as they can describe them.
    Founders
    Doug Tallmadge
    Anish Chadalavada
    Deip Kumar
    Initial Investment
    2023
  • Kitt.ai
    Kitt.ai’s was an early spin out from the Allen Institute of Artificial Intelligence focused on conversational intelligence.
    Initial Investment
    2016
    Kitt.ai’s was an early spin out from the Allen Institute of Artificial Intelligence focused on conversational intelligence.
    Founders
    Xuchen Yao
    Kenji Sagae
    Guoguo Chen
    Investment Journey
    Acquired by Baidu 2017
    Initial Investment
    2016
  • Lexion
    Lexion is a SaaS application of AI and NLP applied to managing the information buried in corporate contracts.
    Initial Investment
    2019
    Lexion is a SaaS application of AI and NLP applied to managing the information buried in corporate contracts.
    Founders
    Gaurav Oberoi
    Emad Elwany
    James Baird
    Investment Journey
    Acquired by Docusign May 2024
    Initial Investment
    2019
  • Magnify
    Magnify is an intelligent application focused on post-sales engagement with customers – providing a platform to consolidate customer interaction data, draw insight, and create cross-functional workflows to improve customer retention, expansion and adoption. Magnify was incubated with Madrona Venture Labs.
    Initial Investment
    2021
    Magnify is an intelligent application focused on post-sales engagement with customers – providing a platform to consolidate customer interaction data, draw insight, and create cross-functional workflows to improve customer retention, expansion and adoption. Magnify was incubated with Madrona Venture Labs.
    Founders
    Josh Crossman
    Saju Jacob
    Initial Investment
    2021
  • OctoAI
    OctoAI's mission is to build easy and efficient AI systems that enable customers to turn AI models into production applications people value.
    Initial Investment
    2019
    OctoAI's mission is to build easy and efficient AI systems that enable customers to turn AI models into production applications people value.
    Founders
    Luis Ceze
    Tianqi Chen
    Jared Roesch
    Jason Knight
    Thierry Moreau
    Initial Investment
    2019
  • OthersideAI
    Otherside AI is building artificial intelligence-powered productivity and communication tools that increase the speed of communication.
    Initial Investment
    2020
    Otherside AI is building artificial intelligence-powered productivity and communication tools that increase the speed of communication.
    Founders
    Matt Shumer
    Miles Feldstein
    Jason Kuperberg
    Initial Investment
    2020
  • Otto
    An AI Agent for business travelers.
    Initial Investment
    2024
    An AI Agent for business travelers.
    Founder
    Michael Gulmann
    Initial Investment
    2024
  • Outbound AI
    Outbound AI is Conversation AI built for healthcare. Founded in 2021, the Seattle-based startup is breaking new ground with cloud technologies that serve as workforce multipliers to drive productivity while improving the daily job experience for human talent. The company’s inaugural offering includes a portfolio of AI-powered virtual agents specially trained to streamline administrative work across the revenue cycle, including claims status, eligibility and benefits verification, prior authorization, and more. Outbound AI is led by a passionate team of health and voice tech veterans and backed by several preeminent venture capital firms.
    Initial Investment
    2021
    Outbound AI is Conversation AI built for healthcare. Founded in 2021, the Seattle-based startup is breaking new ground with cloud technologies that serve as workforce multipliers to drive productivity while improving the daily job experience for human talent. The company’s inaugural offering includes a portfolio of AI-powered virtual agents specially trained to streamline administrative work across the revenue cycle, including claims status, eligibility and benefits verification, prior authorization, and more. Outbound AI is led by a passionate team of health and voice tech veterans and backed by several preeminent venture capital firms.
    Founders
    Stead Burwell
    Jonathan Wiggs
    Kshitij Moghe
    Justin Ith
    Initial Investment
    2021
  • Pendulum
    Pendulum is an AI/ML-powered platform for companies and government organizations to detect and understand harmful narratives on social media platforms and elsewhere.
    Initial Investment
    2021
    Pendulum is an AI/ML-powered platform for companies and government organizations to detect and understand harmful narratives on social media platforms and elsewhere.
    Founders
    Mark Listes
    Sam Clark
    Initial Investment
    2021
  • Plus
    Plus is a data platform that provides the easiest way to capture, see, and share current data from any source without APIs or complex integrations.
    Initial Investment
    2021
    Plus is a data platform that provides the easiest way to capture, see, and share current data from any source without APIs or complex integrations.
    Founders
    Dan Li
    Chloe Qi
    Initial Investment
    2021
  • Pulse Labs
    Pulse Labs is a platform that helps brands design voice apps that real people can understand.
    Initial Investment
    2018
    Pulse Labs is a platform that helps brands design voice apps that real people can understand.
    Founders
    Abhishek Suthan
    Dylan Zwick
    Initial Investment
    2018
  • Read AI
    Read enables better meetings through measurement with a team of products that make up the Chief Meeting Officer Suite. The team of products that make up the Chief Meeting Officer Suite includes Read Meeting Manager, Executive Assistant, and Meeting Navigator, which are designed to deliver insights in and across meetings. Read's mission is to make every human interaction meaningfully better, smarter, and happier starting with the more than 500 million people worldwide using Zoom, Microsoft Teams, Google Meet, and Webex every day.
    Initial Investment
    2021
    Read enables better meetings through measurement with a team of products that make up the Chief Meeting Officer Suite. The team of products that make up the Chief Meeting Officer Suite includes Read Meeting Manager, Executive Assistant, and Meeting Navigator, which are designed to deliver insights in and across meetings. Read's mission is to make every human interaction meaningfully better, smarter, and happier starting with the more than 500 million people worldwide using Zoom, Microsoft Teams, Google Meet, and Webex every day.
    Founders
    David Shim
    Rob Williams
    Elliott Waldron
    Initial Investment
    2021
  • Rhythms
    An AI powered operating system that understands, streamlines and orchestrates your organization’s rhythms.
    Initial Investment
    2023
    An AI powered operating system that understands, streamlines and orchestrates your organization’s rhythms.
    Founder
    Vetri Vellore
    Initial Investment
    2023
  • Saykara
    Saykara provides an AI-powered, voice activated virtual scribe for physicians.
    Initial Investment
    2017
    Saykara provides an AI-powered, voice activated virtual scribe for physicians.
    Founder
    Harjinder Sandu
    Investment Journey
    Acquired by Nuance 2021
    Initial Investment
    2017
  • Strike Graph
    Strike Graph simplifies security certifications, such as SOC 2, ISO 27001, HIPAA, PCI DSS, GDPR, and more, so companies can focus on driving their business forward. Our innovative, easy-to-use platform adapts to your company’s specific needs and then integrates with common business systems and infrastructure to automatically collect evidence for auditor review. Strike Graph empowers companies to create trust, pass audits, and close enterprise deals at a fraction of the time and cost of traditional methods. Helps companies prepare for, complete and maintain their security certifications such as SOC 2, FedRAMP and ISO, via an intelligent application.
    Initial Investment
    2020
    Strike Graph simplifies security certifications, such as SOC 2, ISO 27001, HIPAA, PCI DSS, GDPR, and more, so companies can focus on driving their business forward. Our innovative, easy-to-use platform adapts to your company’s specific needs and then integrates with common business systems and infrastructure to automatically collect evidence for auditor review. Strike Graph empowers companies to create trust, pass audits, and close enterprise deals at a fraction of the time and cost of traditional methods. Helps companies prepare for, complete and maintain their security certifications such as SOC 2, FedRAMP and ISO, via an intelligent application.
    Founders
    Justin Beals
    Brian Bero
    Initial Investment
    2020
  • Suplari
    Suplari applied AI-automated analytics and insights for procurement and finance teams.
    Initial Investment
    2017
    Suplari applied AI-automated analytics and insights for procurement and finance teams.
    Founders
    Nikesh Parekh
    Jeff Gerber
    Brian White
    Investment Journey
    Acquired by Microsoft 2021
    Initial Investment
    2017
  • Tangibly
    Tangibly's platform enables companies to implement best-in-class management of their trade secrets. Trade secrets can be almost anything, from algorithms to chemical processes to client lists and are among the most valuable assets for many companies. Tangibly helps streamline and simplify legal requirements and implement best practices to establish company assets as legally protectable trade secrets. These best practices include cataloging assets, acknowledgment workflow, access management, tracking required legal agreements (NDAs, employment agreements, partnership agreements, etc.), as well as employee/partner education and training
    Initial Investment
    2022
    Tangibly's platform enables companies to implement best-in-class management of their trade secrets. Trade secrets can be almost anything, from algorithms to chemical processes to client lists and are among the most valuable assets for many companies. Tangibly helps streamline and simplify legal requirements and implement best practices to establish company assets as legally protectable trade secrets. These best practices include cataloging assets, acknowledgment workflow, access management, tracking required legal agreements (NDAs, employment agreements, partnership agreements, etc.), as well as employee/partner education and training
    Founder
    Tim Londergan
    Initial Investment
    2022
  • Tektonic AI
    Tektonic is developing GenAI Agents for enterprise workflows.
    Initial Investment
    2024
    Tektonic is developing GenAI Agents for enterprise workflows.
    Founder
    Nic Surpatanu
    Initial Investment
    2024
  • Visual Layer
    Visual Layer is a visual asset management platform for the era of generative AI. With Visual Layer you can simplify visual data ops, ingest data from any source, gain insights, and automatically find and fix data quality issues.
    Initial Investment
    2023
    Visual Layer is a visual asset management platform for the era of generative AI. With Visual Layer you can simplify visual data ops, ingest data from any source, gain insights, and automatically find and fix data quality issues.
    Founders
    Danny Bickson
    Amir Alush
    Carlos Guestrin
    Initial Investment
    2023
  • WhyLabs
    As teams across industries adopt AI, WhyLabs enables them to operate with certainty by providing model monitoring, preventing costly model failures, and facilitating cross-functional collaboration. Incubated at the Allen Institute for AI, WhyLabs is a privately-held, venture-funded company based in Seattle.
    Initial Investment
    2020
    As teams across industries adopt AI, WhyLabs enables them to operate with certainty by providing model monitoring, preventing costly model failures, and facilitating cross-functional collaboration. Incubated at the Allen Institute for AI, WhyLabs is a privately-held, venture-funded company based in Seattle.
    Founders
    Alessya Visnjic
    Sam Gracie
    Andy Dang
    Maria Karaivanova
    Initial Investment
    2020
  • XetHub
    XetHub brings data and code together so that hybrid and remote teams can collaborate seamlessly in a git-enabled environment at scale and speed. XetHub was acquired by Hugging Face in 2024.
    Initial Investment
    2022
    XetHub brings data and code together so that hybrid and remote teams can collaborate seamlessly in a git-enabled environment at scale and speed. XetHub was acquired by Hugging Face in 2024.
    Founder/s or CEO
    Yucheng Low
    Rajat Arya
    Ajit Banerjee
    Initial Investment
    2022
  • Xnor.ai
    Xnor.ai pioneered a lightweight AI framework that enabled deep learning, machine vision, and speech recognition to be done directly on resource constrained devices such as phones, embedded systems and Raspberry Pi Zero.
    Initial Investment
    2017
    Xnor.ai pioneered a lightweight AI framework that enabled deep learning, machine vision, and speech recognition to be done directly on resource constrained devices such as phones, embedded systems and Raspberry Pi Zero.
    Founders
    Ali Farhadi
    Mohammad Rastegari
    Investment Journey
    Acquired by Apple 2020
    Initial Investment
    2017
  • Yoodli
    Yoodli is developing an AI-powered technology that provides feedback on your communication skills.
    Initial Investment
    2021
    Yoodli is developing an AI-powered technology that provides feedback on your communication skills.
    Founders
    Esha Joshi
    Varun Puri
    Initial Investment
    2021