Statsig, a Seattle, WA-based platform that enables product teams to assess the impact of new features and deliver products to customers, raised $10.4m in Series A funding.
The round was led by Sequoia Capital with participation from Madrona Venture Group and several individual investors including Aparna Chennapragada (CPO at Robinhood), Calvin French-Owen (Co-founder of Segment), Dylan Field (CEO & Cofounder at Figma), Fidji Simo (ex-Facebook and CEO at Instacart), Gokul Rajaram (Product Leader at DoorDash), Hadi Partovi (CEO and Founder at Code.org), Jay Parikh (ex-VP at Facebook and co-CEO at Lacework), and Sriram Krishnan (ex-Twitter and General Partner at a16z).
The company intends to use the funds to continue to expand operations and its business reach.
Led by founder and CEO Vijaye Raji, Statsig provides a platform that enables product developers to run rapid, high-quality product experiments and analyze how their users are responding to new features and functionality the same way product teams at Facebook, Amazon, Airbnb and Uber do today. Its experiment analytics and decision-making tools such as Pulse, Experiments+, and AutoTune allow product teams to run hundreds of experiments every week and evaluate how their products are performing every day. Statsig is already serving millions of end-users every month for customers such as Clutter, Common Room, and Take App.
FinSMEs
06/08/2021