Tignis, the Seattle startup that deploys artificial intelligence and machine learning to help manufacturers, utility companies and smart buildings monitor and improve their operations, has taken on a $1 million investment from BMNT.
Tignis has also completed the H4XLabs enterprise accelerator program run by BMNT, the company announced Thursday, and it’s releasing its first commercial product.
The PAICe product suite uses AI and machine learning to accelerate the ability to build, validate and deploy machine learning enabled solutions in the manufacturing and process industries, Tignis said in a news release. The initial focus will be on semiconductor manufacturing, oil and gas processing and energy.
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“The investment from BMNT was a huge vote of confidence in the Tignis technology and team, and that together with support from BMNT’s enterprise accelerator enabled us to commercialize more powerful AI capabilities faster for industrial and manufacturing customers,” co-founder and CEO Jon Herlocker said in a statement.
Herlocker co-founded Tignis in 2017 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 chief operating officer Matt McLaughlin was VMware’s director of engineering.
Tignis, which has grown to 20 employees, has raised $7.4M in angel and seed funding since its founding.
The startup competed in episode 4 of the second season of GeekWire’s “Elevator Pitch” business concept competition against Syndio Solutions and AdaptiLab, but did not make it to the finals at that year’s GeekWire Summit.
