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Enterprise performance management company Tidemark has raised $24 million in its third round of funding. The company makes cloud-based apps that help businesses interpret and act on real-time data.
Tidemark made our list of 10 disruptive cloud companies we’re exited about because it helps enterprises with the important task of cloud-based data management and analysis. Its HTML5 apps help decipher critical enterprise data and extract information that can help managers, strategists and operations planners judge business performance and overall health.
“The world’s largest enterprises are demanding an analytics solution truly built for the cloud,” said Christian Gheorghe, founder and CEO of Tidemark, in a statement. “With this capital, Tidemark will continue to expand its core technology, products and go-to-market capability to deliver innovation and customer success in analytics.”
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The funding round was led by Redpoint Ventures. Existing investors Greylock Partners, Andreessen Horowitz and Dave Duffield, co-CEO of Workday, also participated in the round. Redpoint founding partner Geoff Yang will join Tidemark’s board of directors.
“The next-generation of enterprise applications combine social, mobile, analytics and big data,” Yang said, in a statement. “Tidemark is at the nexus of all of these trends and Redpoint is extremely pleased to make this investment. We look forward to a long-term successful relationship in helping to build the company.”
Redwood City, Calif.-based Tidemark came out of stealth mode in October 2011 when it announced an $11 million funding round. It now has $35 million in total funding and has “aggressive plans” to target more Fortune 1000 companies with its apps.
You can watch a video outlining Tidemark’s enterprise data management applications below:
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