Belgian-Slovak data science startup Tangent Works raises €2 million for automatic predictive models

Tangent Works, a Belgian-Slovak data science startup, has raised €2 million from Force Over Mass, a London-based VC firm that’s led by two Belgians. The new investment will go toward international expansion. Founded in 2013 in Bratislava and now based in Gooik, the startup has automated the “repetitive” and “manual” parts of a data scientist’ job — namely, building the models. Tangent Works’ algorithm builds predictive modelling based on the mathematical concept of information geometry. The scientists can instead focus on which data to feed into the models and what to do with the information it produces. "We don't want to replace data scientists. On the contrary, there are far too few of them," said Henk De Metsenaere, the startup’s co-founder and chief commercial officer. Starting out in the energy sector, the company has expanded to include companies such as Microsoft and Amazon as its customers. In 2017 the team raised €1 million from Saffelberg, the investment fund of entrepreneur Jos Sluys.

Photo: Tangent Works co-founder and CCO, Henk De Metsenaere