# Tangent Works

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tangent-works

- Industry: Software
- Headquarters: Brussels, Belgium
- Website: http://www.tangent.works
- Total disclosed funding: $6M
- Latest round: Series A (Dec 15, 2022)
- Investors on record: 4

## About

Based in Belgium, Tangent Works specializes in predictive analytics solutions, utilizing time-series data to enhance smart forecasting and anomaly detection for various industries.Founded in 2014 in Brussels, Belgium, Tangent Works develops advanced predictive analytics technology. The company is led by Henk De Metsenaere, who has extensive experience in the tech sector. In December 2022, Tangent Works raised EUR 4 million in Series A funding, primarily from new investors SFPI-FPIM and Molenwater Group, alongside returning investors Saffelberg Investments and Force Over Mass Capital. This investment marked a pivotal moment for the firm, consolidating its growth strategy and expanding its operational capacity globally.Tangent AI offers a comprehensive suite of predictive analytics solutions, focusing on time-series data through its flagship product for smart forecasting and anomaly detection. The platform includes automated feature engineering, real-time model (re)building, rapid deployment, and flexible data pipeline integration. These features serve sectors such as energy, utilities, finance, and supply chain management, where precise forecasting is essential. Tangent's clientele consists of organizations transitioning to cloud environments, assisting in the effective monitoring and governance of cloud usage and expenditures. Its products are available across North America, Europe, and parts of Asia, empowering businesses to derive actionable insights from their data.In the most recent financial year, Tangent Works generated revenue of EUR 299,659.70, with an EBITDA of EUR -1,275,534. The company primarily earns through subscription-based models for its predictive analytics platform, allowing clients flexible access to its AI-driven tools. Revenue streams are enhanced by strategic partnerships with major cloud service providers, supporting businesses in sectors from energy management to financial forecasting, optimizing their return on investment through data-driven decision-making.Following its Series A funding round in December 2022, where EUR 4 million was raised, Tangent Works aims to accelerate its global expansion. The company plans to introduce new products designed for enhanced predictive capabilities and is targeting specific markets for growth, although details on the exact regions and timelines are yet to be disclosed. The recent funding will support these initiatives and help Tangent Works broaden its footprint in the global predictive analytics landscape.

## Funding rounds

- Series A, Dec 15, 2022, $4.2M — SFPI-FPIM, Saffelberg Investments, Force Over Mass Capital, Molenwater Group
- Series A, Apr 20, 2020, $1.7M — Force Over Mass Capital

## Investors

- Force Over Mass Capital (https://capitalatlas.ai/funds/force-over-mass-capital) — Series A
- SFPI-FPIM — Series A
- Saffelberg Investments (https://capitalatlas.ai/funds/saffelberg-investments) — Series A
- Molenwater Group — Series A