Microsoft vets raise cash for productivity startup Tipbit, backed by Ignition and Andreessen Horowitz

tipbit-logoA startup by the name of Tipbit — backed by Ignition Partners and Andreessen Horowitz —wants to make you more productive.

The company is currently accepting folks into a beta program, noting in an email to prospective users that the service is designed to make “everyday business tasks faster and easier.”

We discovered Tipbit through an SEC filing, which indicated that the company just raised $1.95 million in debt financing.

“The new funding (will be) used to complete product development and early experiments with plans to launch later this year,” said CEO Gordon Mangione via email. “Getting great early feedback from users and lots of response to our provocative questions.”

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Gordon Mangione

Mangione is a tech industry veteran who worked as a corporate vice president at Microsoft from 1996 to 2005, leading efforts for products such as SQL Server and Exchange Server. He then moved to XenSource, an Ignition-backed company that was acquired by Citrix for $500 million in 2007.

Others on the team include chief architect Ewan Mellor, a former software engineer at XenSource who most recently served as director of open source engineering and cloud platforms at Citrix, and vice president of engineering Nat Ballou, who spent seven years at Microsoft working on products such as SQL Server, Windows, Bing, Office365 and XBox Live.

Tipbit is trying to solve the problem of information overload, making files, emails and other work material accessible as you perform certain tasks.

Tipbit is your personal business intelligence tool. It boosts your productivity, instantly showing you the information most relevant to whatever task or decision is at hand. Tipbit spares all the toggling, searching, and wondering that slows you down by bringing you the files, emails, and people connected to what you’re doing right now. With Tipbit you know what matters.

The company is based in Seattle and San Francisco.