Madrona Venture Group

Madrona Venture Group is a Seattle-based venture capital firm founded in 1995 that backs technology and consumer startups from seed through growth stages. It focuses on information technology, software, digital media and advertising, e-commerce, data analytics, fintech, cloud, mobile, and AI, as well as related infrastructure, hardware, and robotics. The firm primarily targets companies in the Pacific Northwest and the broader West Coast, and often leads investments with a goal of taking board seats to help portfolio companies scale from early development to market leadership.

Tom Alberg

Co-Founder and Managing Director

Loren Alhadeff

Venture Partner

Jennifer Chambers

Administrative Partner

Troy Cichos JD

Partner

Hope Cochran

Venture Partner

Past deals in Risk Management

Eclypsium

Series C in 2025
Eclypsium develops a cloud-based platform that secures the unprotected firmware and hardware layer of enterprises. Its solution safeguards laptops, servers, and networking infrastructure against threats originating below the operating system.

Eclypsium

Series C in 2024
Eclypsium develops a cloud-based platform that secures the unprotected firmware and hardware layer of enterprises. Its solution safeguards laptops, servers, and networking infrastructure against threats originating below the operating system.

Codified

Seed Round in 2024
Codified is a cloud-based SaaS company that specializes in data governance for Generative AI and Retrieval-Augmented Generation (RAG) applications. Its platform helps enterprises manage and control data usage within these tools, addressing concerns about data exposure and potential leaks of sensitive information. Codified automatically categorizes data into manageable buckets and suggests rules for each category, enabling businesses to maintain data security, comply with regulations, and mitigate risks associated with sensitive data exposure in AI-driven applications.

Strike Graph

Venture Round in 2023
Strike Graph, Inc. is a Seattle-based company that develops a compliance Security-as-a-Service solution designed to streamline security audits and certifications. Founded in 2020, Strike Graph offers an innovative Governance, Risk, and Compliance (GRC) platform that helps organizations organize their security programs and manage compliance controls, policies, and evidence. The platform simplifies the process of obtaining certifications such as SOC 2, ISO 27001, HIPAA, PCI DSS, and GDPR by adapting to the specific needs of each company. It integrates seamlessly with existing business systems to automate the collection of evidence required for auditor review, enabling organizations to pass audits more efficiently. By facilitating trust and reducing the time and cost associated with traditional compliance methods, Strike Graph empowers companies to focus on their core business objectives while ensuring robust security and compliance practices.

Strike Graph

Venture Round in 2023
Strike Graph, Inc. is a Seattle-based company that develops a compliance Security-as-a-Service solution designed to streamline security audits and certifications. Founded in 2020, Strike Graph offers an innovative Governance, Risk, and Compliance (GRC) platform that helps organizations organize their security programs and manage compliance controls, policies, and evidence. The platform simplifies the process of obtaining certifications such as SOC 2, ISO 27001, HIPAA, PCI DSS, and GDPR by adapting to the specific needs of each company. It integrates seamlessly with existing business systems to automate the collection of evidence required for auditor review, enabling organizations to pass audits more efficiently. By facilitating trust and reducing the time and cost associated with traditional compliance methods, Strike Graph empowers companies to focus on their core business objectives while ensuring robust security and compliance practices.

Eclypsium

Series B in 2022
Eclypsium develops a cloud-based platform that secures the unprotected firmware and hardware layer of enterprises. Its solution safeguards laptops, servers, and networking infrastructure against threats originating below the operating system.

PlexTrac

Series B in 2022
PlexTrac LLC, based in Eagle, Idaho, specializes in developing a software platform designed for cybersecurity professionals. This platform facilitates tracking of results from security assessments like penetration testing, monitors progress towards fixing identified vulnerabilities, and centralizes data from existing security tools to enable efficient triaging, prioritization, and remediation management. The company's solution aims to streamline cybersecurity processes across the lifecycle, enhancing organizational efficiency and focus on critical security tasks.

Pendulum Intelligence

Seed Round in 2022
Pendulum Intelligence is an AI and machine learning-driven platform that assists companies and government organizations in identifying and understanding harmful narratives on social media and other online content. The platform offers a range of services, including a narrative engine, community engine, intelligence explorer, and monitoring system. These tools enable clients to effectively manage their online presence while mitigating cyber threats and risks associated with social media. By leveraging advanced analytics, Pendulum provides insights that help organizations navigate the complexities of digital communication and protect their reputations.

Strike Graph

Series A in 2021
Strike Graph, Inc. is a Seattle-based company that develops a compliance Security-as-a-Service solution designed to streamline security audits and certifications. Founded in 2020, Strike Graph offers an innovative Governance, Risk, and Compliance (GRC) platform that helps organizations organize their security programs and manage compliance controls, policies, and evidence. The platform simplifies the process of obtaining certifications such as SOC 2, ISO 27001, HIPAA, PCI DSS, and GDPR by adapting to the specific needs of each company. It integrates seamlessly with existing business systems to automate the collection of evidence required for auditor review, enabling organizations to pass audits more efficiently. By facilitating trust and reducing the time and cost associated with traditional compliance methods, Strike Graph empowers companies to focus on their core business objectives while ensuring robust security and compliance practices.

PlexTrac

Series A in 2021
PlexTrac LLC, based in Eagle, Idaho, specializes in developing a software platform designed for cybersecurity professionals. This platform facilitates tracking of results from security assessments like penetration testing, monitors progress towards fixing identified vulnerabilities, and centralizes data from existing security tools to enable efficient triaging, prioritization, and remediation management. The company's solution aims to streamline cybersecurity processes across the lifecycle, enhancing organizational efficiency and focus on critical security tasks.

Strike Graph

Seed Round in 2020
Strike Graph, Inc. is a Seattle-based company that develops a compliance Security-as-a-Service solution designed to streamline security audits and certifications. Founded in 2020, Strike Graph offers an innovative Governance, Risk, and Compliance (GRC) platform that helps organizations organize their security programs and manage compliance controls, policies, and evidence. The platform simplifies the process of obtaining certifications such as SOC 2, ISO 27001, HIPAA, PCI DSS, and GDPR by adapting to the specific needs of each company. It integrates seamlessly with existing business systems to automate the collection of evidence required for auditor review, enabling organizations to pass audits more efficiently. By facilitating trust and reducing the time and cost associated with traditional compliance methods, Strike Graph empowers companies to focus on their core business objectives while ensuring robust security and compliance practices.

Eclypsium

Series B in 2020
Eclypsium develops a cloud-based platform that secures the unprotected firmware and hardware layer of enterprises. Its solution safeguards laptops, servers, and networking infrastructure against threats originating below the operating system.

Eclypsium

Convertible Note in 2020
Eclypsium develops a cloud-based platform that secures the unprotected firmware and hardware layer of enterprises. Its solution safeguards laptops, servers, and networking infrastructure against threats originating below the operating system.

Eclypsium

Series A in 2018
Eclypsium develops a cloud-based platform that secures the unprotected firmware and hardware layer of enterprises. Its solution safeguards laptops, servers, and networking infrastructure against threats originating below the operating system.

Jama Software

Venture Round in 2018
Jama Software, Inc. is a developer of a requirements management platform that aids organizations in creating complex products and mission-critical software systems. Founded in 2006 and headquartered in Portland, Oregon, with an additional office in Haarlem, the Netherlands, Jama Software offers Jama Connect, a solution designed to streamline the product development lifecycle from idea to launch. The platform enables detailed impact assessments from a single source, enhancing collaboration and reducing errors associated with disparate data sources. It serves various industries, including aerospace and defense, automotive, consumer electronics, enterprise software and services, financial services and insurance, industrial technology, medical devices, and semiconductors. By managing both operational and strategic elements of product development, Jama Software helps organizations improve product quality, mitigate risks, and accelerate their time to market.

Versive

Series C in 2017
Versive develops AI-based applications for enterprises to manage cybersecurity threats. Its core product, Versive Security Engine, automates detection of advanced persistent threats, insider threats, and data exfiltration, empowering security teams to act swiftly and effectively.

Icebrg

Series A in 2016
Icebrg is a network security software company founded in 2014 and headquartered in Seattle, Washington. It offers a machine-recognition-based platform that facilitates the deployment of enterprise-level security without the need for custom coding. This technology is designed to protect both proprietary and consumer data, allowing organizations and governments to respond swiftly to security threats. Icebrg's platform aims to reduce risk and improve response times by providing real-time forensics, enhancing the overall effectiveness of security measures.

Jama Software

Series C in 2015
Jama Software, Inc. is a developer of a requirements management platform that aids organizations in creating complex products and mission-critical software systems. Founded in 2006 and headquartered in Portland, Oregon, with an additional office in Haarlem, the Netherlands, Jama Software offers Jama Connect, a solution designed to streamline the product development lifecycle from idea to launch. The platform enables detailed impact assessments from a single source, enhancing collaboration and reducing errors associated with disparate data sources. It serves various industries, including aerospace and defense, automotive, consumer electronics, enterprise software and services, financial services and insurance, industrial technology, medical devices, and semiconductors. By managing both operational and strategic elements of product development, Jama Software helps organizations improve product quality, mitigate risks, and accelerate their time to market.

Icebrg

Seed Round in 2014
Icebrg is a network security software company founded in 2014 and headquartered in Seattle, Washington. It offers a machine-recognition-based platform that facilitates the deployment of enterprise-level security without the need for custom coding. This technology is designed to protect both proprietary and consumer data, allowing organizations and governments to respond swiftly to security threats. Icebrg's platform aims to reduce risk and improve response times by providing real-time forensics, enhancing the overall effectiveness of security measures.

Versive

Series B in 2014
Versive develops AI-based applications for enterprises to manage cybersecurity threats. Its core product, Versive Security Engine, automates detection of advanced persistent threats, insider threats, and data exfiltration, empowering security teams to act swiftly and effectively.

Jama Software

Series B in 2013
Jama Software, Inc. is a developer of a requirements management platform that aids organizations in creating complex products and mission-critical software systems. Founded in 2006 and headquartered in Portland, Oregon, with an additional office in Haarlem, the Netherlands, Jama Software offers Jama Connect, a solution designed to streamline the product development lifecycle from idea to launch. The platform enables detailed impact assessments from a single source, enhancing collaboration and reducing errors associated with disparate data sources. It serves various industries, including aerospace and defense, automotive, consumer electronics, enterprise software and services, financial services and insurance, industrial technology, medical devices, and semiconductors. By managing both operational and strategic elements of product development, Jama Software helps organizations improve product quality, mitigate risks, and accelerate their time to market.

Versive

Series A in 2013
Versive develops AI-based applications for enterprises to manage cybersecurity threats. Its core product, Versive Security Engine, automates detection of advanced persistent threats, insider threats, and data exfiltration, empowering security teams to act swiftly and effectively.

Versive

Seed Round in 2012
Versive develops AI-based applications for enterprises to manage cybersecurity threats. Its core product, Versive Security Engine, automates detection of advanced persistent threats, insider threats, and data exfiltration, empowering security teams to act swiftly and effectively.

Versive

Seed Round in 2012
Versive develops AI-based applications for enterprises to manage cybersecurity threats. Its core product, Versive Security Engine, automates detection of advanced persistent threats, insider threats, and data exfiltration, empowering security teams to act swiftly and effectively.

Mobilisafe

Venture Round in 2011
Mobilisafe, founded in 2010 by Giri Sreenivas and Dirk Sigurdson, specializes in IT security software focused on mobile device management. The company offers a straightforward yet effective solution that enables organizations to assess and manage the risks associated with personal mobile devices connecting to their corporate networks. Currently, Mobilisafe is in a private beta phase, serving a diverse range of customers and positioning itself as a reliable authority on device trustworthiness.
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