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Ted Kummert

Venture Partner at Madrona Venture Group

Kirkland, Washington

Overview 

Ted Kummert is a Venture Partner at Madrona Venture Group and a Board Member at SingleStore, with a background as a Senior Advisor and Chief Product Development Officer at UiPath. He has held leadership roles at Microsoft, including Corporate Vice President in various divisions, and has invested in companies like Tektonic AI at the seed stage. Ted Kummert has a strong track record in engineering leadership and management, having held key positions at Microsoft and now contributing as a Venture Partner and Board Member in the tech industry. His experience includes serving as a Corporate Vice President at Microsoft across multiple divisions and investing in early-stage companies in sectors like Consumer Internet and AI.

Work Experience 

  • Venture Partner

    2017 - Current

    Responsible for identifying new investment opportunities and providing strategic and operational advice to Madrona portfolio companies. Focused on enterprise opportunities with depth interest in data & analytics, ML&AI, platforms and Intelligent Applications.

Madrona is a venture firm that invests in early- to late-stage companies in the Pacific Northwest and beyond.

  • Board Member

    2018

SingleStore is a provider of a database for operational analytics and cloud-native applications.

Raised $464,100,000.00 from Prosperity7 Ventures, Goldman Sachs, Insight Partners, Sanabil, Goldman Sachs Asset Management, IBM Ventures, Dell Technologies Capital, Hewlett Packard Enterprise, Google Ventures and Hewlett Packard Enterprise.

  • Senior Advisor

    2023 - 2023

  • Chief Product Development Officer

    2020 - 2023

    Drove product vision and execution for the UiPath Automation Platform. Provided leadership to globally distributed multi-disciplinary team including Product Management, Engineering, Applied Science (AI & ML), Product Design, IT, Security & Trust and Product Support.

UiPath is a software company that designs and develops robotic process automation and artificial intelligence applications.

Raised $1,993,025,000.00 from Turkgen Ventures.

  • EVP Products & Engineering

    2013 - 2017

    Drove product vision, strategy and execution for Apptio - the creator of the Technology Business Management (TBM) software category. TBM enables IT leaders to run IT "like a business" providing planning, costing, billing, benchmarking and other capabilities as part of an integrated SaaS offering. Drove expansion and transformation of product portfolio from a custom platform based solution to discrete, configurable applications. The transformation of Apptio's product line (and GTM strategy) were core to Apptio's continued growth story including Apptio's IPO in September 2016. Provided leadership to multi-disciplinary team including Product Management, Engineering, Product Design, Technical Operations, IT and InfoSec. Also provided leadership to Product Marketing for one year. Grew the organization, recruited key senior talent including adding an additional development site in Colorado. Transformed delivery capabilities for all of Apptio's SaaS applications to a continuous delivery model with improving quality and pace of innovation.

Apptio is a provider of SaaS-based Technology Business Management (TBM) solutions for managing businesses in the IT field.

Raised $261,000,000.00 from SharesPost Investment Management, Employee Stock Option Fund and Akkadian Ventures.

  • Venture Partner

    2013 - 2013

    Responsible for identifying new investment opportunities and providing strategic counsel and operational advice to Madrona portfolio companies

Madrona is a venture firm that invests in early- to late-stage companies in the Pacific Northwest and beyond.

  • Corporate Vice President, Business Platform Division

    2007 - 2013

    Responsible for engineering and business leadership of Microsoft’s Application Platform, including data platform (SQL Server), application server/middleware and web server products and technologies delivered both on-premises and in the cloud. Direct report of President, Server and Tools Business, led world-wide engineering team of over 2,400 engineers, business responsibility for multi-billion dollar revenue business Delivered outstanding business results consistently; strong growth and revenue share gains across tenure while doubling revenue; delivered quality, impactful releases more frequently Drove cross-company strategy for increasing share of mission critical segment of the database market – drove change to product plans, marketing, sales, services and support offerings Led the cloud-transformation of the Application Platform – including new product roadmap, engineering process changes and a new organization structure Led the expansion of data warehouse product offerings; included acquisition of DATAllegro and entry into the appliance market Led strategy and vision formation for Microsoft’s “new data platform”; including incorporation of Big Data technologies

  • Corporate Vice President, Security Access and Solutions Division

    2005 - 2006

    Engineering and business leadership for Microsoft's enterprise security products, Windows Server solutions and Remote Desktop Services

  • Corporate Vice President, Business Process and Integration Division

    2004 - 2005

    Engineering and business leadership for integration and workflow products

  • Corporate Vice President, MSN Subscription Services

    1999 - 2003

  • Development Manager, General Manager, Windows CE and Embedded Products

    1993 - 1999

  • Engineer, Windows NT

    1989 - 1993

Microsoft Advertising provides digital advertising solutions.

  • Engineer

    1988 - 1989

  • Engineer

    1985 - 1988

Hewlett Packard Enterprise is an edge-to-cloud company that uses comprehensive solutions to accelerate business outcomes.

Raised $1,350,000,000.00.

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