New startup: Vijaye Raji, a tech vet who beforehand led Fb’s 5,000-person engineering outpost in Seattle, is CEO and founding father of Statsig, a Seattle-area firm that simply shaped to assist builders construct and launch options shortly.
Statsig’s pitch: Raji spent a decade at Fb and discovered how the tech big used inner growth instruments to streamline how new options had been examined and finally carried out. They embrace Gatekeeper, which lets builders construct options seen to solely a focused set of customers, and Deltoid, a visible map of how important metrics are affected by new options.
Statsig needs to convey that energy to everybody.
“Massive firms shouldn’t be the one ones with such refined instruments — it must be liberated and made accessible and accessible to builders, knowledge scientists, and product managers,” Raji wrote in a weblog publish.
What makes Statsig totally different: There are just a few rivals already available in the market, which Raji mentioned is nice for market validation. The corporate differentiates itself with a usage-based pricing system tied to a buyer’s month-to-month energetic person rely. It features a free tier that makes it simple for builders to check out the software program. Raji mentioned he would reveal extra of the key sauce in future weblog posts.
Raji’s background: His tenure at Fb included stints as vp of gaming and vp of leisure. Raji beforehand labored at Microsoft for almost a decade and was a principal software program design engineer.
Investor curiosity: The corporate didn’t disclose funding info however at the least one enterprise capitalist — Madrona Enterprise Group Managing Director and former Microsoft exec S. “Soma” Somasegar — is a fan.
With the #beta of @statsigio, @VijayeRaji and crew are off to delivering #featureflags #dynamicconfigs and the like for builders to #ship sooner whereas being #knowledge pushed – Congratulations Group @statsigio from @MadronaVentures
— S. Somasegar (@SSomasegar) March 30, 2021
What’s subsequent: Statsig has a small crew made up of former Fb staff primarily based within the Seattle area. It not too long ago opened a beta model of its software program and Raji mentioned there was a gentle stream of sign-ups.
Fb opened an engineering workplace in Seattle again in 2010 and employs greater than 5,000 folks within the space. Final 12 months it paid $367.6 million to buy a model new 6-acre, 400,000 square-foot complicated from REI on the new Spring District growth in Bellevue, Wash., simply east of Seattle.