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Financial planning and analysis software company Tidemark said today that it has closed a new $25 million funding round, with Workday, a publicly traded company selling human capital management software, participating as a strategic investor.
Tidemark said it has now raised more than $100 million; it’s actually at least $105 million given that when Tidemark announced its $32 million round in April 2014 the company said it had raised a total of $80 million.
Workday has a history of working with Tidemark. The two companies announced their initial partnership in 2011 to bring Tidemark’s tools to the Workday software. The partnership expanded a year later, enabling joint customers to work with Workday data in Tidemark.
Tidemark competes with Adaptive Planning, Anaplan, and Host Analytics.
Tidemark’s previous investors include Andreessen Horowitz, Greylock Partners, Redpoint Ventures, Silicon Valley Bank, and Tenaya Capital.
Tidemark started in 2010 and is based in Redwood City, California. Customers include Acxiom, La Quinta, HubSpot, and Zuora. As of Jan. 31 the company had more than 140 employees, a spokesman told VentureBeat.
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