Madrona backs UW computer science startup PetraVM |
Register here for our next TechFlash Live networking event, March 23, featuring an expert panel discussing the future of online advertising.
Madrona backs UW computer science startup PetraVM
Two University of Washington professors have raised $1.5 million from Madrona Venture Group and WRF for a new startup company called PetraVM. Founded last year by the UW's Mark Oskin and Luis Ceze, the startup is creating new ways for developers to write more reliable "multi-threaded code."
An older version of the company's bare bones Web site offers a much more digestible description of what they are up to: "Our mission is to make computers fun and useful again by minimizing your frustration while using them."
Well, if they can solve that problem, they are probably on to a big business opportunity.
As part of the deal, Madrona's Matt McIlwain joined the company's board.
The deal marks the latest investment for Madrona in a UW spin out, following past investments in companies such as Farecast, Physware and Impinj.
UPDATE: A link to the company's new Web site has been added. In addition to Oskin and Ceze, Peter Godman -- who previoulsy led engineering efforts at Isilon -- has joined as vice president of engineering.
About John Cook
John Cook is co-founder and executive editor of TechFlash. He has been covering the technology beat for nearly a decade, writing about startups, entrepreneurs and venture capital, most recently serving as a reporter/blogger at the Seattle Post-Intelligencer.
READ FULL BIOGRAPHYRecent Sponsor Posts
Seattle University Software Engineering
Chinwe Okeke (MSE’08) pursued her graduate degree while working as a developer and technical analyst for the Boeing Company. She picked the SU-MSE program for small class sizes and real world learning opportunities offered through the academic service-learning and capstone projects.
The MSE program at Seattle University is geared for working professionals with classes offered in the evenings. The program builds upon the computing experience of its students and offers courses in a variety of technical and management areas of software engineering, with an emphasis on teamwork and a disciplined approach to problem solving.
Marchex is one of Seattle’s largest ad technology companies with 300+ employees providing call and click based performance marketing products, and managing over $100m in ad budget for tens of thousands of advertisers. Our customers range from local businesses to the Fortune 500.
Our talented and creative product engineering group is hiring.
If you are an innovative software design engineer interested in solving difficult problems at scale, across a wide array of technologies from Lucene to Hadoop to Asterisk and SIP then we’d love to hear from you!
Apply now.
Technology Tax Planning – Did You Take The Deduction?
Technology companies require professional advisors who can assist in all aspects of the business. The BDO Technology Practice provides a full range of services tailored to help address the changing needs of domestic and international companies. In addition to core audit and tax services, BDO professionals can assist technology companies with:
· Revenue recognition
· Business combination accounting
· R&D tax credits
· Compensation and benefits
· Business valuations
Backed by 38 national offices and an international network in 110 countries, we have the domestic and global footprint to serve growing technology companies. Contact sphilpott@bdo.com (audit partner), mreeves@bdo.com (audit partner), psmith@bdo.com (tax partner), tzambito@bdovaluation.us.com (valuation), tfiscus@bdo.com, Director, 206.624.2020
Job Listings
- Software Development Engineer - Display Advertising
- Business Services Company
- Director Enterprise Architecture - IT
- Starbucks Coffee Company
- Senior Program Manager - External - 713665
- Microsoft Corporation
- Quality Improvement Specialist
- HCR ManorCare
- Senior Software Development Engineer - eXtreme Computing Group - 708427
- Microsoft Corporation
