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OctoML raises $28M grow machine learning software used by Qualcomm, Microsoft, AMD

OctoML raises $28M grow machine learning software used by Qualcomm, Microsoft, AMD
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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OctoML raises $28M grow machine learning software used by Qualcomm, Microsoft, AMD

OctoML raises $28M grow machine learning software used by Qualcomm, Microsoft, AMD
geekwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from geekwire.com Daily Mail and Mail on Sunday newspapers.

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Hello, Texas: Seattle venture capital firm Madrona hires first partner outside of the Pacific Northwest

Hello, Texas: Seattle venture capital firm Madrona hires first partner outside of the Pacific Northwest
March 8, 2021 at 9:20 pm
Underwritten by
Tech Moves covers notable hires, promotions and personnel changes in the Pacific NW tech community. Submissions: [email protected]
John Torrey. (Madrona Photo)
Madrona Venture Group has hired its first investment partner based outside of the Pacific Northwest as the firm broadens its geographical reach.
Former Qualtrics executive John Torrey is Madrona’s newest venture partner. He was previously chief ecosystem officer at Qualtrics and also held executive roles at SAP and Concur.
Torrey is based in Texas and also has strong ties in Utah. He’ll help Madrona make investments out of the firm’s Acceleration Fund, which launched in 2019 as an investment vehicle for later stage companies based in Seattle and beyond. ....

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Former Amazon board member Tom Alberg reviews the new book, 'Working Backwards'

Former Amazon board member Tom Alberg reviews the new book, ‘Working Backwards’
February 9, 2021 at 11:24 am
Madrona Managing Director Tom Alberg, one of Amazon’s first investors, speaks with Amazon CEO Jeff Bezos at a Madrona event in 2015. (Madrona Photo)
[Editor’s Note: Tom Alberg, managing director at Seattle-based venture capital firm Madrona Venture Group, was an Amazon investor who served on the company’s board of directors from 1996 to 2019. He’s the author of the forthcoming book, “How Big Are Your Town’s Flywheels? – What We Can Learn from Seattle.”]
I am often asked, “Why is Amazon so successful?”
A couple of years ago, while I was on Amazon’s board, the CEO of a large European insurance company who was attending Microsoft’s annual CEO Summit contacted me through a friend on his board and wanted to meet with me. When we met, he asked, “What are Amazon’s secrets of success?” I told him, as I tell others, Amazon has no ....

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Madrona Venture Group raises $345M for 8th fund, its largest ever, and $161M for 2nd later-stage fund

Madrona Venture Group raises $345M for 8th fund, its largest ever, and $161M for 2nd later-stage fund
December 31, 2020 at 9:58 am
Madrona Venture Group managing directors from L to R: Tim Porter, Matt McIlwain, Len Jordan, Tom Alberg, S. Somasegar (Soma), Hope Cochran, Steve Singh, Scott Jacobson, and Paul Goodrich. (Madrona Photo)
Madrona Venture Group has raised more than $500 million in fresh capital that the 25-year-old Seattle venture capital firm will use to bankroll both early and later-stage startups. It marks the firm’s largest fundraising effort.
Madrona reeled in $345 million for its eighth fund money that it will use to invest in 35-to-40 Pacific Northwest tech startups over the next several years. It also raised $161 million for its second “Acceleration Fund,” designed for more mature companies located across North America. ....

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