Statsig Secures $100M Series C Funding at $1.1B Valuation

Statsig has raised $100 million in Series C funding, valuing the company at $1.1 billion, announced in a press release. The funding round was led by Iconiq Growth, with participation from existing investors Sequoia and Madrona.

Statsig, based in Bellevue, aims to unify product development tools as AI continues to transform the software industry. The company provides a comprehensive platform for data-driven product development, offering tools for experimentation, analytics, and feature management. This platform helps product teams test new features, measure their impact, and decide on rollouts, effectively replacing standalone solutions like A/B testing tools.

The new funding will be used to expand Statsig's product lineup and grow its team, which currently consists of 140 employees. The company plans to increase its workforce to between 175 and 190 employees by early 2026, focusing on roles in engineering, product management, data science, and sales and marketing.

Statsig's CEO, Vijaye Raji, emphasized the importance of data-driven decision-making in modern product development, especially as AI introduces new complexities. The company aims to provide a single source of truth for enterprises, integrating various tools to streamline workflows and enhance product development processes.