From Businesswire:
SEATTLE–(BUSINESS WIRE)–Tangibly, a trade secret management platform, announced today a pre-seed financing of $1.3M with participation from WS Investment Company (Wilson Sonsini’s venture arm), Madrona Venture Group, and a number of seed funds, influential founders and angel investors.
Trade secrets are widely considered the most valuable intangible assets of technology, life sciences and manufacturing companies alike. According to Ocean Tomo, 90% of the S&P 500’s market value is intangible assets, which is up from 17% in 1975. Trade secret laws protect these assets but require companies to proactively follow best practices to enable enforcement.
