Fresh off a successful exit of tech startup Livio, co-founders Jake Sigal and Massimo Baldini are at it again, launching a new venture called Tome out of Ferndale.
“People like to say we’re like an old married couple when it comes to business,” Sigal says.
Sigal is shy to describe Tome in too much detail but would say its technology is focused on the “Internet of things,” a newer term used to describe the movement to connect the power of the Internet with tangible objects. Specifically, Sigal says Tome’s principal product aims to merge mobile apps, devices and services.
“We’re looking at the larger issues in the tech industry,” Sigal says.
Sigal and Baldini launched Livio Radio in Ferndale, making physical radios that could play Internet radio stations in the late 2000s. The startup evolved to creating software that connected mobile devices with automobiles. Ford acquired the startup, later rebranded as just Livio, last year. Sigal and Baldini left the company soon after but stay connected with its staff and progress.
“We’re excited about what Ford is doing with it now,” Sigal says.
Tome now has a staff of three people after launching in April. Sigal says it’s in “stealth mode” but he did describe it as a non-automotive play that focuses on software. The pair raised a $250,000 angel round that closed in June.
“Our mission right now is to build the right team and the right product,” Sigal says.
Source: Jake Sigal, co-founder & CEO of Tome
Writer: Jon Zemke
Read more about Metro Detroit’s growing entrepreneurial ecosystem at SEMichiganStartup.com.