Tangle raises $4M in funding from Qualcomm and more for virtual workplace
Summary
This investment brings Tangles total funding to over $10 million.Tangles mission is to upend the current remote work culture of back-to-back video meetings and endless notifications, which leave people feeling burnt out and isolated. Early access Tangle customers experience fewer meetings, less miscommunications, faster decisions, and the kind of creative sparks you would expect in face-to-face interactions essentials for more sustainable work environments and greater employee retention.One early access customer experienced up to a 50% decrease in meetings, while another indicated they were able to make decisions up to 75% faster. With adjustable ambient audio, the option to show up on camera or as a customizable avatar, joyful design within an endless canvas space, and rich team interactions such as sending hearts and confetti to a teammate for a job well done, Tangle brings teams together no matter how they choose to work.We set out to re-think remote communication and challenge the notions of current industry standards, explains Alex Schwartz, CEO of Tangle, in a statement. Tangle defines how we build camaraderie and feel connected as a team, contributing to our high employee retention.The increasingly hybrid and remote world is in need of communication tools that improve collaboration, said Sachin Deshpande, senior director of Qualcomm Ventures, in a statement. We could not be more excited to support the visionaries behind Tangle as they grow this innovative virtual hub for hybrid and remote employees.In addition to Qualcomm Ventures, March Gaming and Dune Ventures investments, industry leaders and executives from Unity, Apple, Microsoft, Redfin, and Roblox have contributed funding to help build and grow Tangle.For updates and more information on Tangle, visit tangle.app to sign up for early access.
Funding
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