Statsig, a Bellevue, Washington-based platform specializing in data-driven product development, has secured $100 million in Series C funding. This has elevated its valuation to $1.1 billion. The round was led by ICONIQ Growth, with continued participation from existing investors Sequoia Capital and Madrona Venture Group.
ICONIQ Growth, known for backing companies like Datadog and Snowflake, led the investment. Murali Joshi of ICONIQ Growth will join Statsig’s board of directors. The newly acquired capital will be used to expand Statsig’s platform capabilities, grow its team, and support more companies in adopting data-driven product development practices.
Statsig was founded in 2021 by Vijaye Raji, a former Facebook engineering leader. It offers an integrated suite of tools for experimentation, feature flagging, product analytics, session replays, and more. The platform helps companies automate experiments, manage feature rollouts, and analyze user behavior in real-time. It serves thousands of customers, including Notion, Microsoft, Brex, Electronic Arts, and Atlassian.
“Statsig is committed to solving one of the most pressing challenges in modern product development; their platform transforms how teams build and iterate, replacing guesswork with data-driven decision-making,” said Murali Joshi of ICONIQ Growth.
With this funding, Statsig aims to further its mission of making data-driven product development accessible to companies of all sizes. It also aims to streamline the process of building, testing, and launching new features in an increasingly complex software landscape.
