By Stephen Nakrosis
Statsig said it raised $100 million in a Series C funding round which values the company at $1.1 billion.
The round was led by ICONIQ Growth, and other participants included existing investors Sequoia and Madrona.
Statsig said it provides an integrated suite of tools that replaces a suite of standalone products. The suite allows teams to control feature releases, measure impact through experimentation, analyze insights in real-time, and more, the company said.
Proceeds from the offering will help Statsig expand its platform capabilities, and increase the size of its team, the company said.
Statsig said its customers include Notion, Microsoft, Brex, Electronic Arts and Atlassian.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 06, 2025 14:00 ET (18:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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