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  "markdown": "Venture firm.\n\nWebsite: https://www.madrona.com\n\n## Companies on Anchor Terminal\n\n- **Deepgram**, Series B extension, November 2022, Series C, January 2026, led a round, through Madrona Venture Group\n  - [Deepgram Speech-to-Text (Nova-3, Flux)](https://www.anchorterminal.com/tools/deepgram-stt.md), graded BB, 70.4/100\n  - [Deepgram Text-to-Speech (Aura-2, Flux TTS)](https://www.anchorterminal.com/tools/deepgram-tts.md), graded BB, 72.8/100\n  - [Deepgram Voice Agent API](https://www.anchorterminal.com/tools/deepgram-voice-agent.md), graded B, 68.2/100\n  - Source: https://deepgram.com/learn/press-release-deepgram-raises-series-c\n- **Entire Inc**, Seed, February 2026\n  - [Entire](https://www.anchorterminal.com/tools/entire.md), graded B, 69.5/100\n  - Source: https://entire.com/news/former-github-ceo-thomas-dohmke-raises-60-million-seed-round\n- **All Hands AI**, Series A, November 2025, led a round\n  - [OpenHands](https://www.anchorterminal.com/tools/openhands.md), graded BB, 71/100\n  - Source: https://www.openhands.dev/blog/weve-just-raised-18-8m-to-build-the-open-standard-for-autonomous-software-development\n- **Pulumi Corporation**, Series C, October 2023, through Madrona Ventures\n  - [Pulumi ESC](https://www.anchorterminal.com/tools/pulumi-esc.md), graded BB, 71.2/100\n  - Source: https://www.pulumi.com/blog/series-c/\n- **Read AI, Inc.**, Seed, September 2021, Series A, April 2024, Series B, October 2024, led a round, through Madrona Venture Group\n  - [Read AI](https://www.anchorterminal.com/tools/read-ai.md), graded D, 50.5/100\n  - Source: https://techcrunch.com/2021/09/29/read-ai-raises-10m-creates-virtual-meeting-dashboard-to-show-you-when-you-talk-too-much/\n- **Recraft**, Series B, May 2025, through Madrona Ventures\n  - [Recraft API](https://www.anchorterminal.com/tools/recraft.md), graded D, 52.9/100\n  - Source: https://www.recraft.ai/press-releases/series-b-announcement\n- **Runway**, Series C, December 2022\n  - [Runway API](https://www.anchorterminal.com/tools/runway.md), graded C, 60.8/100\n  - Source: https://runway.com/news/runway-raises-50-series-c\n- **Temporal Technologies**, Series A, October 2020, Series B, February 2022, Series B-Prime, February 2023, Series D, February 2026, through Madrona Venture Group\n  - [Temporal](https://www.anchorterminal.com/tools/temporal.md), graded A, 78.3/100\n  - Source: https://temporal.io/news/temporal-raises-usd18-75m-series-a-increases-total-raised-to-usd25-5m\n- **Unstructured**\n  - [Unstructured API + MCP](https://www.anchorterminal.com/tools/unstructured.md), graded D, 47.2/100\n  - Source: https://www.pillsburylaw.com/en/news-and-insights/menlo-ventures-40m-series-b-funding-unstructured.html\n- **Vouched Identity, Inc.**\n  - [Vouched](https://www.anchorterminal.com/tools/vouched.md), graded C, 56.5/100\n  - Source: https://www.vouched.id/company/ourstory\n\n## Where they invest\n\n- Speech-to-text, 1\n- Text-to-speech, 1\n- Conversational voice agents, 1\n- Code \u0026 developer platforms, 1\n- Agent harnesses, 1\n- Secrets \u0026 credential vaults, 1\n- Meeting capture \u0026 meeting infrastructure, 1\n- Image generation, 1\n- Video generation, 1\n- Human approval \u0026 handoff, 1\n- Document parsing \u0026 extraction, 1\n- Identity \u0026 business verification, 1\n\n## Founders they backed\n\n- [Scott Stephenson](https://www.anchorterminal.com/people/scott-stephenson/), Deepgram\n- [Thomas Dohmke](https://www.anchorterminal.com/people/thomas-dohmke/), Entire Inc\n- [Robert Brennan](https://www.anchorterminal.com/people/robert-brennan/), All Hands AI\n- [Xingyao Wang](https://www.anchorterminal.com/people/xingyao-wang/), All Hands AI\n- [Joe Duffy](https://www.anchorterminal.com/people/joe-duffy/), Pulumi Corporation\n- [Eric Rudder](https://www.anchorterminal.com/people/eric-rudder/), Pulumi Corporation\n- [David Shim](https://www.anchorterminal.com/people/david-shim/), Read AI, Inc.\n- [Robert Williams](https://www.anchorterminal.com/people/robert-williams/), Read AI, Inc.\n- [Elliott Waldron](https://www.anchorterminal.com/people/elliott-waldron/), Read AI, Inc.\n- [Samar Abbas](https://www.anchorterminal.com/people/samar-abbas/), Temporal Technologies\n- [Maxim Fateev](https://www.anchorterminal.com/people/maxim-fateev/), Temporal Technologies\n- [Brian S. Raymond](https://www.anchorterminal.com/people/brian-s-raymond/), Unstructured\n\n## Questions\n\n### Which AI tools has Madrona invested in?\n\nAnchor Terminal lists Deepgram, Entire Inc, All Hands AI, Pulumi Corporation, Read AI, Inc., Recraft, Runway, Temporal Technologies, Unstructured and Vouched Identity, Inc. backed by Madrona.\n\n### How are Madrona's companies graded?\n\nOn Anchor Terminal's benchmark, Deepgram Speech-to-Text (Nova-3, Flux) (BB, 70.4), Deepgram Text-to-Speech (Aura-2, Flux TTS) (BB, 72.8), Deepgram Voice Agent API (B, 68.2), Entire (B, 69.5), OpenHands (BB, 71), Pulumi ESC (BB, 71.2), Read AI (D, 50.5), Recraft API (D, 52.9), Runway API (C, 60.8), Temporal (A, 78.3), Unstructured API + MCP (D, 47.2) and Vouched (C, 56.5).\n\nInvestors are named from the companies' own announcements, the investors' own pages, Y Combinator's company pages, public filings and news reports of a round, each with its source. An investor isn't a sign of quality, and nobody can pay to be listed or to change a grade. To correct something or have a page removed, write to privacy@anchorterminal.com.\n",
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