Statsig, a Kirkland, WA-based modern product experimentation platform company, announced that it has been delivering hundreds of groundbreaking new features every month, also announced that it raised $43 million in Series B funding, valuing Statsig at $420 million.
The round was led by Sequoia Capital, with participation from Madrona Venture Group. Statsig plans to use the funding to deepen analytics and to scale the go-to-market.
Company: Statsig, Inc.
Raised: $43.0M
Round: Series B
Funding Month: April 2022
Lead Investors: Sequoia Capital
Additional Investors: Madrona Venture Group
Company Website: https://statsig.com/
Software Category: Product Experimentation
About the Company: Founded in 2021, Statsig is a software product experimentation tool designed to make A/B testing more useful for more companies. Statsig’s modern and trusted experimentation platform automatically identifies which features are causing product metrics to move. This allows teams to focus on building great products without incurring the cost of manually setting up experiments and waiting for results. Statsig’s mission is to enable product teams to accelerate their growth with data. Statsig takes on the hard work of attributing impact to features so teams can focus on building products. The company is based in Seattle.
Source: https://www.globenewswire.com/news-release/2022/04/20/2425802/0/en/With-43-Million-Sequoia-Capital-Led-Funding-Round-Statsig-Supercharges-Product-Experimentation-so-Product-Teams-Can-Build-and-Ship-Features-Their-Users-Love.html