Tangibly Raises $6.5M to Protect Trade Secrets with AI Software
– Tangibly, a security software startup based in Seattle, has completed its seed round, securing $6.5 million in funding.
– The company, founded in 2021, specializes in using artificial intelligence (AI) to help companies protect and manage their intellectual property assets, specifically trade secrets.
– Tangibly's software features an AI-powered tool called Patent X-Ray, which assists in identifying and safeguarding information during the patent drafting process.
– While Tangibly has paying customers, details about revenue and customer metrics have not been disclosed.
– The 13-person company is led by Tim Londergan, the founder and CEO, who previously held executive positions at Intellectual Ventures and founded Wavefront Venture Labs. Other co-founders include Liat Belinson and Chris Buntel.
The seed round was led by Madrona Venture Group, with additional support from Spike Ventures,
– Volo Ventures, Holt Ventures, MVP Ventures, Incisive Ventures, WS Investment Company, and DLA Piper (an affiliate of Wilson Sonsini Goodrich & Rosati).
Tangibly, a Seattle-based startup, has secured $6.5 million in funding for its AI-powered security software aimed at helping companies protect and manage their trade secrets.