Tignis

Seattle, United States Founded: 2017 • Age: 9 yrs Acquired By Cohu
Provider of AI-powered process control solutions
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About Tignis

Tignis is a company based in Seattle (United States) founded in 2017 by Mark Huang, Jon Herlocker, and Matt McLaughlin was acquired by Cohu in December 2024.. Tignis has raised $16.06 million across 5 funding rounds from investors including Cohu, DN Capital and Clear Ventures. The company has 13 employees as of December 31, 2021. Tignis offers products and services including PAICe MAKER and PAICe MONITOR. Tignis operates in a competitive market with competitors including Cognite, ToffeeX, Productive Machines, MetAI Yujian Intelligent Technology and Decisyon, among others.

  • Headquarter Seattle, United States
  • Employees 13 as on 31 Dec, 2021
  • Founders Mark Huang, Jon Herlocker, Matt McLaughlin
  • Sectors
    Technology
    Industrial Goods & Manufacturing
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Tignis, Inc.
Operational Areas
Technology → Internet of Things (IoT) & Connectivity
Industrial Goods & Manufacturing → Robotics, Automation & Smart Systems
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $16.06 M (USD)

    in 5 rounds

  • Latest Funding Round
    $7.2 M (USD), Series A

    May 12, 2022

  • Investors
    Cohu

    & 6 more

  • Employee Count
    13

    as on Dec 31, 2021

  • Acquired by
    Cohu

    (Dec 16, 2024)

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Products & Services of Tignis

Tignis offers a comprehensive portfolio of products and services, including PAICe MAKER and PAICe MONITOR. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Tool for creating AI models to optimize semiconductor processes.

Software for real-time oversight of semiconductor operations and efficiency.

People of Tignis
Headcount 10-50
Employee Profiles 10
Board Members and Advisors 9
Employee Profiles
People
David Park
VP of Marketing
People
Matt McLaughlin
COO & VP, Engineering
People
Mario Faria
Director of Semiconductor Solutions
People
Dave Meadows
Director Of Customer Success & Solutions Engineering

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Board Members and Advisors
people
Paul Maritz
Director
people
Harel Kodesh
Director
people
Janis Machala
Director
people
Ashmeet Sidana
Director

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Funding Insights of Tignis

Tignis has successfully raised a total of $16.06M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $7.2 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding
  • Total Rounds 5
  • Last Round Series A — $7.2M
  • First Round

    (29 Aug 2017)

  • Investors Count 6
Date Amount Transaction Name Valuation Lead Investors Investors
May, 2022 Amount Series A - Tignis Valuation DN Capital
Aug, 2021 Amount Series A - Tignis Valuation BMNT
May, 2019 Amount Series A - Tignis Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Tignis

Tignis has secured backing from 7 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Cohu, DN Capital and Clear Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Venture capital firm focused on software, fintech, marketplaces, and consumer internet
Founded Year Domain Location
Tech focused early stage VC firm investing in the US, Europe, Asia
Founded Year Domain Location
Venture capital firm investing in multiple sectors
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Tignis

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Tignis

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Tignis Comparisons

Employees
+
Add Comparison
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Competitors of Tignis

Tignis operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cognite, ToffeeX, Productive Machines, MetAI Yujian Intelligent Technology and Decisyon, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
AI-based software for production data analysis and collaboration is provided.
domain founded_year HQ Location
Physics-driven generative design software is developed for engineering optimization.
domain founded_year HQ Location
Machining toolpaths are optimized through specialized software.
domain founded_year HQ Location
Provider of AI and digital twin based manufacturing operations management solutions
domain founded_year HQ Location
A platform for corporate performance management is provided.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Tignis

Frequently Asked Questions about Tignis

When was Tignis founded?

Tignis was founded in 2017.

Where is Tignis located?

Tignis is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.

Who is the current CEO of Tignis?

Jon Herlocker is the current CEO of Tignis. They have also founded this company.

Is Tignis a funded company?

Tignis is a funded company, having raised a total of $16.06M across 5 funding rounds to date. The company's 1st funding round was a Series A of $4.65M, raised on Aug 29, 2017.

How many employees does Tignis have?

As of Dec 31, 2021, the latest employee count at Tignis is 13.

What does Tignis do?

Provider of AI-powered process control solutions. It provides AI-powered process control solutions to enable manufacturers, producers, and operators to continually improve products and processes. It provides services such as intelligent monitoring decision support, real-time performance insights, augmented intelligence for connected operations, and machine learning solutions as a service.

Who are the top competitors of Tignis?

Tignis's top competitors include Cognite, Productive Machines and ToffeeX.

What products or services does Tignis offer?

Tignis offers PAICe MAKER and PAICe MONITOR.

Who are Tignis's investors?

Tignis has 7 investors. Key investors include Cohu, DN Capital, Clear Ventures, Paul Maritz, and Harel Kodesh.

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