Participated · Seed · Aug 2022

Tangibly is a SaaS trade secret discovery and management platform whose flagship X-Ray suite uses AI to facilitate identification and management of trade secrets. The company completed a seed round final close that brought total funds raised to $7 million. The round included an investment from Wipro Ventures and the company is backed by Madrona and other investors. Tangibly plans to use the new capital to further develop its X-Ray suite of AI-powered tools. To support growth, Tangibly hired Michiel de Bruijn as VP of Sales and Raul Sheen as Director of Operations to build out sales and customer success infrastructure. The article highlights rising attention to trade secrets following the 2016 Defend Trade Secrets Act and increased litigation across sectors, underscoring demand for Tangibly’s product. Tangibly is a Seattle-based trade secret management platform whose flagship product, Tangibly Manage, supports identification and labeling of trade secrets, access limitation, and communication to employees and third parties. The company also offers Tangibly Share, a free NDA solution for creation, execution, tracking, and auditing. Tangibly targets general counsels, heads of IP, and outside counsel across industries including technology, life sciences, manufacturing, food & beverage, and beauty. The company says it will use new capital for product development — including AI/ML initiatives — and to build sales and marketing teams. Tangibly positions its workflow features (cataloging, acknowledgment, access management, agreement tracking, and training) to help companies take the reasonable measures required to defend trade secrets.