How Much Did Tidelift Raise? Funding & Key Investors

Tidelift has successfully raised funding over four rounds, with the latest being a Series C round. The company is backed by seven investors, including AEI Horizon X and Cisco Investments.

Keep reading to explore the intricacies of Tidelift's fundraising journey and the investors backing this innovative platform.

What Is Tidelift?

Tidelift is a private company based in Boston, Massachusetts, operating in the Developer Platform, Information Technology, and Software industries. The company has between 11-50 employees and has been acquired by Sonar.

Founded to improve the functionality of open source software, Tidelift has successfully raised funding through multiple rounds, with the latest being a Series C round. The company is dedicated to making open source software work better for everyone.

How Much Funding Has Tidelift Raised?

1. Series A
   • Amount Raised: USD 15,000,000
   • Date: May 2018
   • Lead Investors: Foundry Group, General Catalyst
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the initial growth and development of Tidelift's platform for improving open source software.
2. Series B
   • Amount Raised: USD 25,000,000
   • Date: January 2019
   • Lead Investors: Foundry Group, General Catalyst
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand Tidelift's operations and enhance its platform for managing open source software.
3. Series C (First Round)
   • Amount Raised: USD 27,000,000
   • Date: May 2022
   • Lead Investors: Dorilton Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To improve open source software supply chain security and address increasing security threats.
4. Series C (Second Round)
   • Amount Raised: USD 6,500,000
   • Date: September 2022
   • Lead Investors: AEI Horizon X, Cisco Investments
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further support the company's growth and enhance its open source software solutions.

Total Amount Raised: USD 73,500,000. Current Valuation: Not publicly disclosed.

Key Investors

• AEI Horizon X
  • Details: AEI Horizon X is an investor in Tidelift, focusing on innovative technology solutions.
  • Investment Focus Areas: Technology, aerospace, defense.
  • Notable Investments: Not publicly disclosed.
• Cisco Investments
  • Details: Cisco Investments is the venture capital arm of Cisco, investing in companies that align with Cisco's strategic interests.
  • Investment Focus Areas: Networking, cybersecurity, cloud computing.
  • Notable Investments: ThousandEyes, AppDynamics, Cohesity.
• Dorilton Capital
  • Details: Dorilton Capital is a private investment firm that led Tidelift's Series C funding round.
  • Investment Focus Areas: Technology, healthcare, industrials.
  • Notable Investments: Williams Racing, Brookson Group, RWS Entertainment Group.
• Foundry Group
  • Details: Foundry Group is a venture capital firm that invests in early-stage technology companies.
  • Investment Focus Areas: Software, internet, IT services.
  • Notable Investments: Fitbit, SendGrid, Zynga.
• General Catalyst
  • Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies.
  • Investment Focus Areas: Technology, healthcare, consumer products.
  • Notable Investments: Airbnb, Stripe, Snap.

What's Next for Tidelift?

As Tidelift looks to the future, the opportunities for growth are vast. The company is well-positioned to capitalize on the increasing reliance on open source software across various industries, including healthcare, finance, technology, and government. With the rising demand for secure and well-maintained open source software, Tidelift's services are more critical than ever.

Future fundraising opportunities appear promising, given the successful Series C round and the involvement of high-profile investors. As the company continues to expand its customer base and enhance its platform, additional funding rounds could further accelerate its growth and market reach.

However, Tidelift will face challenges in keeping up with the rapidly evolving security threats and ensuring compliance with stringent government software security standards. Managing and maintaining a large number of open source components at scale will also be a significant hurdle. Despite these challenges, Tidelift's unique approach and strong market position suggest a bright future ahead.

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