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Security software startup Tangibly raised $6.5 million to complete its seed round. The company, founded in 2021, helps customers secure and manage intellectual property assets such as trade secrets.
- The company’s software includes an AI-powered feature called Patent X-Ray that identifies what information should be protected during the patent drafting process.
- Tangibly has paying customers but did not share revenue or customer metrics.
- The 13-person company is led by founder and CEO Tim Londergan, a former exec at Intellectual Ventures and founder of Wavefront Venture Labs. Other co-founders include Liat Belinson and Chris Buntel.
- Madrona Venture Group led the seed round. Other backers include Spike Ventures, Volo Ventures, Holt Ventures, MVP Ventures, Incisive Ventures, WS Investment Company (an affiliate of Wilson Sonsini Goodrich & Rosati) and DLA Piper.
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