Quild #47: Tonic
Fake data
This is the Quild daily, highlighting one early-stage startup that has statistically significant signals of becoming a unicorn.
Tonic automatically creates mock data that preserves key characteristics of secure datasets so that developers, data scientists, and salespeople can work conveniently without breaching privacy.
Founders: Ian, Karl, Adam, Andrew
Signals:
Venture-backed experience
Ian, Karl, and Andrew worked at Palantir (NYSE:PLTR, funded by Founders Fund and Sozo Ventures)
Top company alumni
Ian worked in business development and product management at Palantir and Tableau for 8 years
Karl worked in business development at Palantir for 6 years
Adam built products at Microsoft, Tableau, and Kabbage for 5 years
Andrew built products at NVIDIA and Palantir for 10 years
Top university alumni
Ian graduated from Stanford (BS, MS)
Karl graduated from University of Washington (MS)
Adam graduated from Georgia Tech (BS, PhD)
Andrew graduated from UI Urbana-Champagne (PhD)
Fast team growth
Grew 2.5x YoY to 74 employees
Accelerated financing
Announced series A Dec 2020, series B Sep 2021
Midas list investors
Insight led series B
GGV led series A
Till tomorrow, Kenn