Tingono, a San Francisco, CA-based provider of a platform that automates customer retention and expansion, raised $6.7m seed funding round.
The round was led by Foundation Capital, with participation from Pathbreaker Ventures, Xfund, Flying Fish Partners, and business leaders like John Schoenstein (CRO, Momentive AI), Christine Mills (CRO, Dataminr), and Colin Nederkoorn (CEO, Customer.io), among others.
The company intends to use the funds to continue to expand operations and its business reach.
Founded in late 2021 by Parry Bedi and Sami Kaipa, who sold their first AI startup, GlimpzIt, to Forrester Research in 2018, Tingono provides a platform to make it easy for companies to retain and expand revenue using all their data. The company uses machine learning to identify unique business signals that predict churn risk and expansion signals. They then turn those insights into action, boosting NRR by automating the right customer activity at the right time.