Tidemark

Last updated
Tidemark
Type Private
Founded2010;14 years ago (2010)
FounderChristian Gheorghe
Tony Rizzo
Nenshad Bardoliwalla
Headquarters
Redwood City, California
Products Enterprise software,
Data analytics
Number of employees
150+

Tidemark is a private enterprise performance management firm founded in 2010 that provides cloud-based analytics applications built for a mobile device enabled platform. Tidemark was known as Proferi when it was in stealth mode and is located in Redwood City, California. In Sept. 2013, Tidemark won the Big Data Startup Challenge and earned a spot in the Big Data 50. [1] [2] [3] [4] [5]

Contents

Company history

Founded by Christian Gheoghe with co-founders Tony Rizzo and Nenshad Bardoliwalla in 2010, Tidemark’s approach to EPM analytics emphasizes a mobile first user experience in a public multi-tenant cloud. Gheorghe and Rizzo spent 9 months surveying Fortune 1000 companies before they developed Tidemark’s product range asking businesses how to improve existing intelligence and analytics solutions. [6]

Gheorghe previously created Tian Software which was bought out by OutlookSoft. [6] Gheorghe served as CTO of OutlookSoft until the firm was acquired by SAP AG and was kept on board as a Senior Vice-President and CTO at SAP AG. [6] [7] [8]

After two years in stealth mode, Tidemark raised $6.3 million in Series A funding. This was followed by $4 million in Series B funding, $24 million in Series C funding, and $13 million in Series D funding. [9] [10] [11] Key investors include Greylock Partners, Andreessen Horowitz, Tenaya Capital, Redpoint Ventures and Dave Duffield. [12] [13] [14]

Companies utilizing Tidemark’s analytics services include Orange, La Quinta, Brown University, and Stanford University. [6] [7]

In 2015, Tidemark announced $25 million from a new round of funding, led by Workday. [15] [16] The company has raised over $100 million in total funding. [17] Tidemark’s customer-base grew 4x during 2015 with clients such as Veolia, Stanford University, Intuit, G6 Hospitality, Bluelink and the University of Miami. [17] [18]

In 2015, Tidemark was placed on Gartner’s Magic Quadrant in the 'Visionaries' Quadrant for corporate performance and Business Insider named Tidemark as one of the Top 50 enterprise startups to bet your career on in 2016. [19] [20]

On July 6, 2017, Tidemark merged with Longview, a Toronto-based finance and tax performance management software company. [21]

Products

Tidemark offers three apps that let users access real-time risk-adjusted data metrics, profitability modeling, and other tools for strategic, financial, and operational planning. [22] [9] [23] [24] [25] The firm’s performance management platform is enabled for any device compatible with HTML5.

The firm also offers Storylines, a SaaS product presenting structured and unstructured data in a series of infographic-like images giving users an interactive and detailed view of a company’s operations. [13] [26] [27]

In 2014, Tidemark added financial playbooks and predictive analytics functions to its software. [28] The predictive analytics incorporates big data and social media information for use in forecasting and budgeting. [29] The company was recognized with two Cloud Computing Product of the Year awards presented by Cloud Computing Magazine in December 2014. [30]

Related Research Articles

Airware was an American venture-funded startup that provided commercial unmanned aerial vehicles for enterprises. The company ceased operations on September 14, 2018.

<span class="mw-page-title-main">Workday, Inc.</span> American software company

Workday, Inc., is an American on‑demand (cloud-based) financial management, human capital management, and student information system software vendor. Workday was founded by David Duffield, founder and former CEO of ERP company PeopleSoft, along with former PeopleSoft chief strategist Aneel Bhusri, following Oracle's acquisition of PeopleSoft in 2005.

<span class="mw-page-title-main">Splunk</span> American technology company

Splunk Inc. is an American software company based in San Francisco, California, that produces software for searching, monitoring, and analyzing machine-generated data via a web-style interface.

Andreessen Horowitz is a private American venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz. The company is headquartered in Menlo Park, California. As of April 2023, Andreessen Horowitz ranks first on the list of venture capital firms by assets under management.

SnapLogic is a commercial software company that provides integration platform as a service (iPaaS) tools for connecting cloud data sources, SaaS applications and on-premises business software applications. SnapLogic was founded in 2006, and its headquarters are in San Mateo, California. SnapLogic is headed by Ex-CEO and co-founder of Informatica Gaurav Dhillon, and is venture-backed by Andreessen Horowitz, Ignition Partners, Floodgate Fund, Brian McClendon, and Naval Ravikant.

Pure Storage, Inc. is an American publicly traded technology company headquartered in Santa Clara, California, United States. It develops all-flash data storage hardware and software products. Pure Storage was founded in 2009 and developed its products in stealth mode until 2011. Afterwards, the company grew in revenues by about 50% per quarter and raised more than $470 million in venture capital funding, before going public in 2015. Initially, Pure Storage developed the software for storage controllers and used generic flash storage hardware. Pure Storage finished developing its own proprietary flash storage hardware in 2015.

<span class="mw-page-title-main">ServiceNow</span> American technology company

ServiceNow, Inc. is an American software company based in Santa Clara, California that develops a cloud computing platform to help companies manage digital workflows for enterprise operations. Founded in 2003 by Fred Luddy, ServiceNow is listed on the New York Stock Exchange and is a constituent of the Russell 1000 Index and S&P 500 Index. In 2018, Forbes magazine named it number one on its list of the world's most innovative companies.

<span class="mw-page-title-main">MapR</span> American business software company

MapR was a business software company headquartered in Santa Clara, California. MapR software provides access to a variety of data sources from a single computer cluster, including big data workloads such as Apache Hadoop and Apache Spark, a distributed file system, a multi-model database management system, and event stream processing, combining analytics in real-time with operational applications. Its technology runs on both commodity hardware and public cloud computing services. In August 2019, following financial difficulties, the technology and intellectual property of the company were sold to Hewlett Packard Enterprise.

<span class="mw-page-title-main">Aaron Levie</span> American entrepreneur (born 1984)

Aaron Winsor Levie is an American entrepreneur. He is the co-founder and CEO of the enterprise cloud company Box.

<span class="mw-page-title-main">Domo, Inc.</span> American computer software company

Domo, Inc. is an American cloud software company based in American Fork, Utah, United States. It specializes in business intelligence tools and data visualization.

<span class="mw-page-title-main">Optimizely</span>

Optimizely is an American company that provides digital experience platform software as a service. Optimizely provides A/B testing and multivariate testing tools, website personalization, and feature toggle capabilities, as well as web content management and digital commerce.

CipherCloud is an American software company providing cloud security to businesses. The company was established in 2010 and is based out of San Jose, California.

ItsOn was an American software company based in Redwood City, California that developed cloud computing software for enhancing the performance of mobile networks. ItsOn's software platform gave mobile network operators the ability to offer granular and flexible, user-customizable services. Users could select and change mobile voice, text, and data services, as well as manage devices, plan sharing and permissions, directly from smart devices at any time.

<span class="mw-page-title-main">Trifacta</span>

Trifacta is a privately owned software company headquartered in San Francisco with offices in Bengaluru, Boston, Berlin and London. The company was founded in October 2012 and primarily develops data wrangling software for data exploration and self-service data preparation on cloud and on-premises data platforms.

Apptio is a Bellevue, Washington-based company founded in 2007 that develops technology business management (TBM) software as a service (SaaS) applications. Apptio enterprise apps are designed to assess and communicate the cost of IT services for planning, budgeting and forecasting purposes; Apptio's services offer tools for CIOs to manage technology departments' storage, applications, energy usage, cybersecurity, and reporting obligations; manage the costs of public cloud, migration to public cloud and SaaS portfolios; and adopt and scale Agile across the enterprise.

<span class="mw-page-title-main">GoodData</span> US-based software company

GoodData is a software company headquartered in San Francisco, California, in the U.S., with additional offices in Europe and Asia. GoodData provides data and analytics infrastructure, including embeddable analytics and composable data and analytics.

<span class="mw-page-title-main">Databricks</span> American software company

Databricks, Inc. is an American software company founded by the creators of Apache Spark. Databricks develops a web-based platform for working with Spark, that provides automated cluster management and IPython-style notebooks. The company develops Delta Lake, an open-source project to bring reliability to data lakes for machine learning and other data science use cases.

Illumio is an American business data center and cloud computing security company.

Snowflake Inc. is a cloud computing–based data cloud company based in Bozeman, Montana. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode.

<span class="mw-page-title-main">Gigster</span> American dot-com company

Gigster provides a service that allows users to get tech projects built on demand. It was co-founded by Roger Dickey and Debo Olaosebikan and based in San Francisco, California. They received seed funding from Greylock Partners, Bloomberg Beta, as well as notable angel investors and founders Naval Ravikant of AngelList, Justin Waldron of Zynga, and Emmett Shear of Twitch, among others. They were a part of Y-Combinator's Summer 2015 class.

References

  1. ↑ Quentin Hardy (27 March 2013). "Designing Big Data That Works". New York Times. Retrieved 28 October 2013.
  2. ↑ Dennis Howlett (17 October 2011). "Tidemark takes EPM to the cloud". ZDNet. Retrieved 28 October 2013.
  3. ↑ Andrew Nusca (1 August 2013). "Tidemark raises $13 million for cloud analytics". ZDNet. Retrieved 28 October 2013.
  4. ↑ Dean Takahashi (17 October 2011). "With $11M in funding, Tidemark launches cloud-based enterprise performance manage apps". Venture Beat. Retrieved 28 October 2013.
  5. ↑ Arik Hesseldahl (23 October 2013). "TideMark Pushes Out Fall Update That Answers What-If Questions About Your Business". All Things D. Retrieved 28 October 2013.
  6. 1 2 3 4 Jeff Vance (26 September 2013). "Tidemark Wins Big Data Startup Challenge, Earns Spot in Big Data 50". Startup 50. Retrieved 28 October 2013.
  7. 1 2 Larry Dignan (28 August 2012). "Tidemark apps go GA, name Wilmington operating chief". ZDNet. Retrieved 28 October 2013.
  8. ↑ Larry Dignan (17 October 2011). "Tidemark emerges from stealth mode, eyes business intelligence for real people". ZDNet. Retrieved 28 October 2013.
  9. 1 2 George Anders (2 May 2012). "How To Launch A Billion Dollar Startup On A Shoestring". Forbes. Retrieved 28 October 2013.
  10. ↑ "The Daily Startup: Carbon Venture Partners to Ride California Cap-and-Trade". Wall Street Journal. 1 August 2013. Retrieved 28 October 2013.
  11. ↑ "Oracle competitor Tidemark launches, wins more cash". Reuters. 18 October 2011. Retrieved 28 October 2013.
  12. ↑ Leena Rao (17 October 2011). "Greylock, Andreessen Horowitz Back Cloud Enterprise Performance Analytics Startup Tidemark". Tech Crunch. Retrieved 28 October 2013.
  13. 1 2 Alex Williams (1 August 2013). "Tidemark Raises $13 Million For Cloud-Based Analytics Platform With An Infographic Twist". Tech Crunch. Retrieved 28 October 2013.
  14. ↑ Leena Rao (18 January 2012). "Cloud Enterprise Performance Analytics Startup Tidemark Raises $24M From Redpoint, Andreessen Horowitz". Tech Crunch. Retrieved 28 October 2013.
  15. ↑ Konrad, Alex. "Why Workday Just Led A $25 Million Bet On Tidemark's Financial Planning Software". Forbes. Retrieved 2020-04-06.
  16. ↑ Hesseldahl, Arik (2015-06-16). "Tidemark Raises $25 Million Round, Adds Workday as Investor". Recode. Retrieved 2016-07-15.
  17. 1 2 Miller, Ron. "Tidemark Continues To Sail Along With $25M In New Funding". TechCrunch. Retrieved 2016-07-15.
  18. ↑ Arnason, Gulli (March 5, 2015). "Tidemark triples annual recurring revenue in FY 2015". Financial News UK. Retrieved May 25, 2015.
  19. ↑ "Magic Quadrant for Corporate Performance Management Suites". Gartner. April 2, 2015. Retrieved May 25, 2015.
  20. ↑ "50 enterprise startups to bet your career on in 2016" . Retrieved 2016-07-15.
  21. ↑ Brooks, Steve (2019-07-02). "Longview Spring 19 goes GA -". Enterprise Times. Retrieved 2020-04-06.
  22. ↑ Arik Hesseldahl (17 October 2011). "Tidemark Comes Out of Stealth With Funding from Greylock, Andreessen Horowitz". All Things D. Retrieved 28 October 2013.
  23. ↑ Cade Metz (18 October 2011). "Memories of the Iron Curtain Spawn New Age Analytics Software". Wired. Retrieved 28 October 2013.
  24. ↑ Larry Dignan (23 October 2013). "Tidemark aims to make profit modeling mainstream". ZDNet. Retrieved 28 October 2013.
  25. ↑ Jordan Novet (1 August 2013). "Tidemark lines up $13M to keep pushing its planning software in clouds". Gigaom. Retrieved 28 October 2013.
  26. ↑ Barb Darrow (17 October 2011). "Proferi morphs into Tidemark, launches cloud-based EPM". Gigaom. Retrieved 28 October 2013.
  27. ↑ Suzanne LaBarre. "The Richest Design Opportunity That You've Never Heard Of". Fast Company. Retrieved 28 October 2013.
  28. ↑ Miller, Ron (29 April 2014). "Tidemark Adds Finance Playbooks And $32M In New Funding". TechCrunch . Retrieved 17 November 2014.
  29. ↑ O'Connor, Fred (12 November 2014). "Tidemark software adds predictive analytics to help CFOs use big data in forecasting, budgeting". PC World . Retrieved 16 November 2014.
  30. ↑ "Winners of the 2014 Cloud Computing Product of the Year Award Announced". Cloud Computing Magazine. December 5, 2014. Retrieved May 25, 2015.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.