Rec Room is a social gaming platform that allows users to create, share, and play games with others. Users can design their own games and experiences, which fosters a vibrant community where creativity thrives. The platform operates on a freemium model, meaning that it is free to access, but users can purchase in-app items like avatar customization options and premium content. This approach not only generates revenue through the sale of virtual goods but also through a subscription service that offers additional features. Rec Room stands out from its competitors by emphasizing a community-driven environment that encourages long-term engagement and content creation. Additionally, the platform prioritizes safety and inclusivity, featuring a kidSAFE Seal Program certification for its Junior Mode, making it a welcoming space for users of all ages.

DAG Ventures

Sequoia

Madrona Venture Group

First Round Capital

Index Ventures

Maveron

betaworks

Anorak Ventures

Cercano Management

Acequia Capital

Coatue Management

The Venture Reality Fund (The VR Fund)

Consumer Software

Entertainment

Gaming

Rec Room

Seattle-based Rec Room has raised $100 million in new funding. The game development startup is now valued at $1.25 billion after an explosive year of growth in which players used the platform to connect during the COVID-19 pandemic. It’s the latest Seattle-area startup to reach “unicorn” status with a $1 billion valuation or more.

Seattle’s newest unicorn: Rec Room raises $100M as social gaming popularity fuels big growth

There’s a new name atop the GeekWire 200.Seattle-area sales enablement company Highspot has taken the No. 1 spot on our ranking of privately held technology companies in Seattle and the rest of the Pacific Northwest.Outreach (No. 7), another Seattle sales software startup, previously held the No. 1 slot, but the company has been trimming its workforce, including a 9% layoff earlier this month. Its longtime CEO also recently stepped down.That opened up opportunity for Bellevue, Wash.-based Highspot, which raised $250 million in 2022 and is growing headcount again after laying off staff last year. Highspot was included in a recent Forrester Research report analyzing top revenue enablement platforms.The GeekWire 200, presented by JPMorganChase, provides a snapshot of the region’s robust startup landscape and highlights companies that are gaining traction.The top-ranked companies have changed quite a bit over the years, reflecting the dynamic nature of the fast-moving tech industry.Some startups fall down the list due to workforce reductions

Geekwire 200 Update: A New No. 1 Rises To The Top Of Our Startup Rankings

We’re back with another update to the GeekWire 200, our ranking of the top privately held technology startups in Seattle and the rest of the Pacific Northwest.The list provides a snapshot of the region’s robust startup landscape and highlights companies that are gaining traction on their respective industries.The ranking is grounded in both publicly available data — including LinkedIn employee counts, Facebook followers, and Moz domain authority — as well as editorial judgment from the GeekWire news team, based on factors including recent fundings and layoffs, and our own insights from covering the region’s technology startups.Companies founded 15 years ago and beyond are not included, given that they are no longer “startups” based on our parameters.A number of startups moved up the list with our latest update.Chainguard zoomed up to the No. 18 slot after the cybersecurity company raised $140 million and reached a $1.1 billion valuation last month.zoomed up to the No. 18 slot after the cybersecurity company raised $140 million and reached a $1.1 billion valuation last month. Others that recently raised funding to fuel growth — including cybersecurity startup Protect AI (No. 41); e-commerce delivery software startup Pandion (No. 62); and addiction care company Boulder Care (No

Geekwire 200: Latest Update Highlights Hottest Tech Startups Across Seattle And Pacific Northwest

Smartsheet CEO Mark Mader accepts the Next Tech Titan award at the GeekWire Awards in 2016. Eight years later, Smartsheet is a publicly traded company valued at more than $5 billion, recently surpassing $1 billion in annualized recurring revenue. (GeekWire File Photo / Kevin Lisota)Which company will be the next tech titan to emerge from the Pacific Northwest?GeekWire’s startup coverage seeks to answer this fundamental question every day, at least implicitly. But once a year, we formalize the process through the Next Tech Titan category in the GeekWire Awards, our annual event recognizing the top innovators and companies in Seattle and the Pacific Northwest.Continue reading for details on each finalist, and a sampling of past Next Tech Titan winners as evidence of the predictive capabilities of this award. Vote here or below in this GeekWire Awards category, which is presented by Baird.And the finalists for Next Tech Titan are … MotherDuck, a serverless data analytics platform built on the open-source platform DuckDB, an in-process online analytical processing database, or OLAP. Its technology makes it simpler for businesses to run analytics on their data, rather than relying on more expensive services from large cloud vendors

Next Tech Titan: Motherduck, Rec Room, Statsig, Submittable, Zuper Vie For Pivotal Geekwire Award

SAN FRANCISCO--(BUSINESS WIRE)--Seattle-based startup Statsig, a leader in the product experimentation space, announced itself to San Francisco in a very noticeable way, reinforcing itself as a key player in revolutionizing how businesses use data to build products. Founded in 2021 by former Facebook engineers, Statsig has quickly risen to prominence by empowering companies of all sizes to harness Big Tech-level product development tools. With its advanced feature flagging tools, automated A/B testing, and integrated product analytics, Statsig is democratizing access to world-class product development tools. With its latest brand takeover in the heart of San Francisco, Statsig is hard to miss—and it’s a company that shouldn’t be. With customers like Atlassian, Notion, OfferUp, WhatNot, and over 3,000 self-service customers, Statsig helps tech companies of all sizes build a culture of experimentation. The company’s integrated toolkit - which includes experimentation, feature flags, and product analytics - is set to transform the landscape of tech development

Seattle-Based Startup Statsig Takes Over San Francisco, Painting The Town Blue, Green, And Creating A Data-Driven Scene

Coverage of the GeekWire 200 , our quarterly ranking of Pacific Northwest tech startups. See the latest GeekWire 200 ranking .GeekWire Illustration / Canva Pro ImageA new wave of startups is transforming the technology community in the Seattle area and the surrounding region, fueled by breakthroughs in artificial intelligence, health, energy, and other emerging technologies.That’s the takeaway from one of the biggest updates in the 11-year history of the GeekWire 200, our quarterly ranking of the top privately held technology startups in Seattle and the rest of the Pacific Northwest.See the full GeekWire 200 ranking for Q1 2024.More than 70 companies, or 35%, are completely new to the GeekWire 200 in this latest update, reflecting the dynamic nature of the industry and changes in our method for calculating the ranking (details below).Companies moving into the top 10 for the first time include Place (#4), the business-to-business real estate services and technology platform backed by Goldman Sachs and other investors; and Rec Room (#9), the popular virtual reality community that has cemented its place as a leading app on multiple VR platforms.Several companies graduated from the GeekWire 200 by reaching their 15th birthdays, which makes them no longer “startups” by our parameters. They include social media management company Hootsuite and contract technology company Icertis, previously #1 and #2, respectively, which cleared the way for sales automation startup Outreach to claim the top spot.Startups appearing on the GeekWire 200 for the first time reflect hot industries such as robotics and drones (Agility Robotics, #13; Brinc, #76); developer tools (Temporal, #66; Statsig, #74); cybersecurity (Chainguard #111; Vouched, #135), and health and life sciences (Parse #110; Ozette, #159).And like everything else in the tech world, the GeekWire 200 is being transformed by AI and machine learning. Many of the companies making their debut on the GeekWire 200 are developing or significantly leveraging AI. Among them:Falkon (#140), AI-driven sales and marketing recommendations.(#140), AI-driven sales and marketing recommendations. Aigen (#142), AI-powered robots that target weeds in agriculture.(#142), AI-powered robots that target weeds in agriculture

Geekwire 200 Shakeup Reveals Major Shifts In Seattle And Pacific Nw Startup Landscape

Walmart levels up virtual try-on for apparel With Be Your Own Model Experience Image courtesy of WalmartImagine thousands of shoppers flocking to your latest store opening, trying on outfits and making big purchases. And there is no actual store.This is what the retail industry is poised to capture with the help of fully immersive virtual reality, or the metaverse. Thanks to alert marketers, the platform has morphed into a market destination, and more consumers are buying in. The revenue opportunities of the metaverse, just through e-commerce, could reach $2.6 trillion by 2030, McKinsey estimated in a June 2022 report.And while much of that revenue goes to gaming, a growing share is expected to be collected by retailers and brands.Retailers, Meet Your “Shopatar”Virtual reality and augmented reality (technology that superimposes computer-generated images on the real world) can be super successful at encouraging consumerism because the artificial intelligence (AI) that fuels these experiences is continuously building on the data it collects about its users’ behaviors.Enter virtual influencers and AI store assistants. These avatars can learn a user’s style preferences and offer fashion advice or product recommendations, a report by software maker Acowebs foresees. “The potential of AI technology will allow for the creation of virtual closets where users may store their current clothing and receive fresh, more individualized outfit suggestions,” the report states.Take, for example, the RecRoom, a game where players can buy outfits for their avatars or household items for their avatar’s virtual living spaces

Walmart, Gucci And Coke Are Getting Meta, And The Sales Are Real!

Amazon CEO Andy Jassy has landed on the cover of Time as the magazine released its second annual list of the 100 Most Influential Companies in the world on Wednesday. Jassy is one of three cover stars…

Amazon CEO Andy Jassy makes Time’s ‘100 Most Influential Companies’ cover; Rec Room also on list

On the heels of Roblox hitting it big with its platform for user-created gaming content, another startup has landed a major round of funding to build out its own user-generated platform aimed at immersive experiences. Rec Room, a free to download and play cross-platform social gaming company, has raised $145 million, funding that it will […]

Rec Room raises $145M at a $3.5B valuation for its user-generated, immersive gaming platform

Social gaming platform for user-generated content

Rec Room

Social gaming platform for user-generated content

Rec Room

Social gaming platform for user-generated content

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