Tingono Raises $6.7 million Seed Funding to Automate Customer Retention and Expansion

Tingono, the company that automates revenue retention and expansion, today announces its $6.7 million seed funding round. The funding round was led by Foundation Capital (Netflix, Stripe, and Uber), and included participation from Pathbreaker Ventures (Superhuman, TextIQ); Xfund (RobinHood, Segment); Flying Fish Partners (Vouched, Symbl.ai); and prominent business leaders like John Schoenstein (CRO, Momentive AI), Christine Mills (CRO, Dataminr), and Colin Nederkoorn (CEO, Customer.io), among others. As a measure of revenue generated by existing customers, NRR is a metric often used by public SaaS companies to highlight robust, sustainable growth. McKinsey suggests this type of growth is attainable when a company uses analytics and predictive modeling to identify drivers of churn. IDC and Seagate recently discovered enterprise data is growing by 26% each year, making this approach not only feasible but also wickedly smart.