DOCUGAMI ANNOUNCES $10 MILLION SEED FUNDING ROUND LED BY SIGNALFIRE
Additional investment from NextWorld Capital, document technology luminaries, and notable angel investors
Bob Muglia joins Docugami as investor and board member
(SEATTLE, WA) - Docugami, the Seattle-area document engineering startup that transforms how businesses create and manage documents for greater productivity, compliance, and insight using breakthrough artificial intelligence, announced today it has secured a $10 million seed funding round led by Silicon Valley venture fund SignalFire, with participation by NextWorld Capital and others.
Docugami also announced that Bob Muglia, former CEO of Snowflake and former head of both Microsoft’s Office and Azure businesses, is joining the company as a major investor and board member.
Additional investors in the seed funding round include luminaries in the advanced document technology sector, as well as leading-edge document users, including: Greg Badros, former head of Google Apps; Shishir Mehrotra, CEO of Coda; Kevin Reigelsberger, former president of Avalara; Alan Smith, partner, Fenwick & West; Barry Abbott, partner, Lane Powell & Associates; and Fenwick & West Investments.
The seed round also includes a number of notable angel investors in Silicon Valley, Paris, and the Seattle area, including: Thomas Reardon, co-founder of CTRL-Labs; Ellen Levy, former head of corporate and business development at LinkedIn; Sarah Imbach, former senior executive at PayPal, LinkedIn, and 23andMe; Hank Vigil, former senior vice president for strategy and partnerships at Microsoft; Marc Jalabert, former executive at Microsoft Western Europe; and Sunil Chhaya, a Silicon Valley angel investor.
An Open Letter to the
WE CREATED DOCUMENT DYSFUNCTION.
IT IS TIME TO FIX IT.
It is time for some of us building software to take a hard look in the mirror.
For years, we promised technology would solve the world’s information management problems, but 85% of business information is still “dark data,” potentially useful insights lost in a rising tide of disconnected documents, emails, Slack conversations, voice-to-text messages, and myriad other forms.