Tignis – a Seattle based startup led by former VMware executives has raised $4.7 Million in its latest fundraising round. The round was led by Chris Rust of Clear Ventures, and witnessed participation from former VMware CEO Paul Maritz, Harel Kodesh of Silver Lake, and Ashmeet Sidana of Engineering Capital. This was the company’s second fundraising round, following its seed funding last year. To date, the startup has raised a total of $7.3 Million.
Tignis was launched with the concept of ‘MLaaS’, or machine learning as a service. Presently, it has nine employees. The company’s board of directors includes Maritz, Rust, and Herlocker. Kodesh, Sidana and former Dell EMC executive Russ Stockdale are on the company’s advisory board.
Tignis sells what it describes as “machine-learning-in-a-box” to help manufacturers, utility companies and smart buildings monitor and improve their operations. The company uses the data generated by edge computing devices to help its customers improve performance, detect real-time problems and predict when issues might occur.
CEO Jon Herlocker co-founded Tignis after leaving virtualization software company VMware, where he was vice president and CTO of the company’s cloud management business unit. Fellow co-founder and COO Matt McLaughlin were VMware’s Director of Engineering.