Tangent Works, a Brussels, Belgium-based artificial intelligence (AI) startup, announced that it secured €4 million in Series A funding.
Investors in the round include SFPIM Relaunch, FOMCAP IV, Saffelberg, and Molenwater Group. The funds will be used to accelerate its global expansion.
Tangent Works enables users to build predictive computer models automatically using a mathematical approach. The company’s Tangent Information Modeler (TIM) allows companies to leverage their data and bring it to use at scale for a fraction of the cost.
Currently, the company works with various companies, including SIEMENS, and across utilities, logistics, banks, and industry sectors.
As a part of the funding round, Leon Cappaert, investment manager at SFPIM, will join the board of directors.
Company: Tangent Works
Raised: €4.0M
Round: Series A
Funding Month: December 2022
Lead Investors: SFPIM Relaunch, FOMCAP IV, Saffelberg and Molenwater Group
Additional Investors:
Company Website: https://www.tangent.works/
Software Category: Automated ML and Time Series Predictive Analytics Solution
About the Company: Founded in 2014 by Henk De Metsenaere and Ján Dolinsky, Tangent Works is an automated ML and time series predictive analytics solution. Its solution, Tangent Information Modeller (TIM), is an automatic predictive model-building engine that automates the forecasting and anomaly detection processes by analyzing time series data and generating accurate models based on the patterns it detects. TIM, powered by the game-changing Instant Machine Learning (InstantML) technology, delivers immediate business value for prediction and anomaly detection.
Source: https://siliconcanals.com/news/startups/brussels-tangent-works-bags-4m/