Quild #47: Tonic

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:

1. Venture-backed experience

   1. Ian, Karl, and Andrew worked at Palantir (NYSE:PLTR, funded by Founders Fund and Sozo Ventures)

2. Top company alumni

   1. Ian worked in business development and product management at Palantir and Tableau for 8 years

   2. Karl worked in business development at Palantir for 6 years

   3. Adam built products at Microsoft, Tableau, and Kabbage for 5 years

   4. Andrew built products at NVIDIA and Palantir for 10 years

3. Top university alumni

   1. Ian graduated from Stanford (BS, MS)

   2. Karl graduated from University of Washington (MS)

   3. Adam graduated from Georgia Tech (BS, PhD)

   4. Andrew graduated from UI Urbana-Champagne (PhD)

4. Fast team growth

   1. Grew 2.5x YoY to 74 employees

   2. And hiring a bunch more

5. Accelerated financing

   1. Announced series A Dec 2020, series B Sep 2021

6. Midas list investors

   1. Insight led series B

   2. GGV led series A

Till tomorrow, Kenn