Tideway raises $27M round for IT automation software

A large round of $27 million has gone to IT automation software maker Tideway, which helps automate and streamline some of the processes that information technology departments generally do manually.

The company, which is based in New York and London, has software that can examine a company’s IT infrastructure and use the resulting data to create a continuously updated map of the structure and interdependencies of its physical and virtual networks.

Having such maps helps the company’s IT department both keep track of day-to-day operations and make larger changes more easily, when necessary.

Scottish Equity Partners led the $27 million funding, and was joined by APAX. Tideway has taken about $37.5 million to date.

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Tags: deal