Tingono, a San Francisco, CA-based provider of a platform that automates customer retention and expansion, raised $6.7m seed funding round.
Foundation Capital was the lead investor. Other participants included Xfund, Flying Fish Partners (CRO), Flying Fish Partners (CRO), and John Schoenstein (CRO), Momentive AI), Christine Mills and Colin Nederkoorn, CEO, Customer.io).
The company intends use the funds to expand its operations and reach new customers.
Parry Bedi and Sami Kaipa created Tingono in late 2021. After selling their first AI startup GlimpzIt in 2018, Forrester Research sold it to them in 2018. Tingono is a platform that allows companies to easily retain and increase revenue through all of their data. Machine learning is used by the company to detect unique business signals that can predict churn risks and expand signals. The company then turns these insights into action by automating the right customer activity at just the right time to increase NRR.