Tangibly, a Seattle, WA-based provider of a SaaS trade secret management platform, raised $6.5M in Seed funding.
The round was led by Madrona and included Spike Ventures, Volo Ventures, Holt Ventures, MVP Ventures, Incisive Ventures, WS Investment Company (an affiliate of Wilson Sonsini Goodrich & Rosati) and DLA Piper.
The company intends to use the funds to expand its recently launched AI-powered Patent X-Ray, which enables in-house legal teams and outside counsel to rapidly identify potential trade secrets associated with their issued and published patents.
Led by Founder and CEO Tim Londergan, Tangibly provides a SaaS platform that enables companies to implement management of their trade secrets. Trade secrets can be almost anything, from algorithms to chemical processes to client lists and are among the most valuable assets for many companies. Tangibly helps streamline and simplify legal requirements and implement best practices to establish company assets as legally protectable trade secrets.
These best practices include cataloging assets, acknowledgment workflow, access management, tracking required legal agreements (NDAs, employment agreements, partnership agreements, etc.), as well as employee/partner education and training.
FinSMEs
14/07/2023