Tingono, a San Francisco, CA-based company that automates revenue retention and expansion, announced its $6.7 million seed funding round.
The round was led by Foundation Capital (Netflix, Stripe, and Uber), and included participation from Pathbreaker Ventures (Superhuman, TextIQ); Xfund (RobinHood, Segment); Flying Fish Partners (Vouched, Symbl.ai); and prominent business leaders like John Schoenstein (CRO, Momentive AI), Christine Mills (CRO, Dataminr), and Colin Nederkoorn (CEO, Customer.io), among others.
Tingono plans to use its seed funding to make hires and build out the first version of the software.
Company: Tingono Inc.
Raised: $6.7M
Round: Seed Round
Funding Month: June 2022
Lead Investors: Foundation Capital
Additional Investors: Pathbreaker Ventures, Xfund, Flying Fish Partners, John Schoenstein, Christine Mills, and Colin Nederkoorn
Company Website: https://www.tingono.com/
Software Category: Revenue Retention and Expansion
About the Company: Tingono was founded in late 2021 by Parry Bedi and Sami Kaipa, who sold their first AI startup, GlimpzIt, to Forrester Research in 2018. Tingono uses artificial intelligence to reduce customer churn for tech companies. Tingono was created to make it easy for companies to retain and expand revenue using all their data. Tingono uses machine learning to identify unique business signals that predict churn risk and expansion signals. The company currently has six employees and aims to add four additional workers within the next two months. All of its staff are based on the West Coast, spread out among San Francisco, Seattle, and Canada, with its headquarters located in San Francisco.
Source: https://www.geekwire.com/2022/after-selling-last-startup-to-forrester-tech-vets-land-6-7m-to-take-aim-at-customer-churn/ https://www.prweb.com/releases/2022/06/prweb18745605.htm