Belgian AI startup Tangent Works has raised €4 million in a funding round aimed at fueling the company’s global expansion efforts. Tangent Works allows users to automatically build predictive computer models in seconds, eschewing days of costly engineering. Since 2017, the startup has raised €7 million.
Tangent Works’ €4 million round was provided by SFPIM Relaunch, FOMCAP IV, Saffelberg and Molenwater Group.
Tangent Work’s primary offer, what it refers to as Tangent Information Modeler (TIM) allows companies to leverage existing data to produce insights and make better predictions, faster, without the difficulty associated with typical AI products.
According to the company, TIM helps companies accomplish the aforementioned magic via its ability to rapidly process time series data, a notoriously challenging task in data modeling.
Founded in 2013, the Belgian company counts Siemens amongst its client base alongside a number of other clients in the utilities, logistics, and financial sectors.
According to founder Henk De Metsenaere, the lessons learned from these contracts, combined with the recent investment will allow Tangent Works to further streamline its product market fit and breakthrough to a wider market.