Statsig, a start-up in Seattle, raised $43 million in new funds to further develop and promote technology to help product teams test and evaluate new features with real-time data from real customers before they widely launch new features.
Headquartered in Kirkland, Washington., More than a year ago, vijaye Raji, a former engineering director of Facebook, founded statsig inspired by tools to test the functions of new products within social networks.
Sequoia Capital in Silicon Valley led round B financing with the participation of madrona venture group in Seattle. These venture capital companies played the same role in statsig’s $10.4 million round a financing last year. So far, the total amount of funds has exceeded US $53 million.
Statsig calls its method a significant improvement on the traditional A / B test, enabling the product team to fine tune the control, conduct hundreds of experiments in parallel, and analyze the results in detail according to the indicators they choose.
The company has increased to 31 employees from 12 last summer. Statsig said its revenue grew from zero to seven digits ($1 million) in five months.
The startup listed customers including brex, headspace, concept, rec room, television and the like, and said it was using statsig to develop products that reach hundreds of millions of end users per month.
At the same time, statsig itself launches hundreds of new functions every month.
