Statsig Becomes a Unicorn as Product Teams Demand Simpler, Smarter Stacks

Four years after it was founded by former Facebook engineering leader Vijaye Raji, Statsig has joined the unicorn club. The Bellevue-based startup announced a $100 million Series C round at a $1.1 billion valuation, with ICONIQ Growth leading the investment and participation from existing backers Sequoia and Madrona. The company says the funds will be used to expand its team, enhance its product suite, and accelerate its mission to standardize data-driven product development. The funding milestone caps a period of rapid momentum for Statsig, which reported $40 million in annual recurring revenue but declined to share further financials or profitability details. The company’s pitch is clear: today’s software products are too complex, AI-driven, and fast-moving to rely solely on h