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

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

2. 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

3. 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)

4. Fast team growth

   • Grew 2.5x YoY to 74 employees

   • And hiring a bunch more

5. Accelerated financing

   • Announced series A Dec 2020, series B Sep 2021

6. Midas list investors

   • Insight led series B

   • GGV led series A

Till tomorrow, Kenn