Statsig is a cutting-edge data-driven product development platform that enables teams to produce better solutions more quickly. Statsig gives teams a comprehensive picture of product performance by automatically tracking the impact of each feature release, in contrast to conventional A/B testing tools. Teams may swiftly switch from underperforming features, double down on what works, and identify metric decreases in a matter of hours thanks to the robust product observability tools.
At a $1.1 billion valuation, Statsig has secured $100 million in Series C funding. ICONIQ Growth led the round, and Sequoia and Madrona, two previous investors, also participated. Statsig intends to use this investment to increase the capabilities of its platform, hire additional staff, and enable more businesses of all kinds to realize the full benefits of data-driven product development.
Vijaye Raji launched Statsig in 2021, with its headquarters located in Bellevue, Washington, in the United States. The business works in a variety of industries, including as artificial intelligence, gaming, business-to-business software, e-commerce, finance, and government. “In the past, product development was an art form, with innovative engineers and managers using their gut feelings to direct modifications. Today, that just isn’t enough,” stated Vijaye Raji, Statsig’s founder and CEO. By offering a comprehensive platform for data-driven decision-making, we are intensifying our efforts to support every product team in embracing the art and science of creating outstanding products.
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