Quild #23: Coiled

This is the Quild daily, highlighting one early-stage startup that has statistically significant signals of becoming a unicorn.

Coiled scales Python to the cloud for data professionals. Based on Dask, the leading Python-native solution for distributed computing, Coiled has hosted more than 100M tasks for data professionals, scientists, and researchers around the globe including Capital One, Anthem Health, and the Air Force to solve challenges in business, research, and science.

Founders: Matthew Rocklin (CEO)

Signals:

1. Top institutions alumni

   1. Matthew worked as an engineer at NVIDIA and Continuum Analytics (most popular data science tool) for 6 years and did research at Sandia National and Argonne National Laboratories

2. Top university alumni

   1. Matthew graduated with a PhD in Computer Science from University of Chicago and a BA in Physics, Astronomy, and Math from UC Berkeley

3. Accelerated financing

   1. Founded in 2020, announced seed in Oct 2020, series A in May 2021

4. Fast team growth

   1. Grew ~2x YoY to 48 employees

   2. And still hiring 

5. Midas list investors

   1. Bessemer led series A

Till tomorrow, Kenn