Tidemark, a company that sells cloud-based business applications, has secured over $1 million in funding, according to a US Security and Exchange Commission (SEC) filing yesterday. Tidemark helps companies monitor employees, profitability and finances using its applications, according to VentureBeat.
The California-based company did not disclose the name of its new investors in the SEC filing. However, existing backers including Workday's Aneel Bhusri, Andreessen Horowitz cofounder Ben Horowitz, and Redpoint Ventures partner Geoff Yang were named in the said form, the report detailed.
The new capital comes just five months after the firm raised $13 million in a previous round. Within the six months in between, Tidemark had added 50 customers to its base. The company's website mentions Brown University, HubSpot, Pabst Brewing Company, and Chuck E Cheese's in its list of clients, the report said.
To date, Tidemark has raised at least $49 million in funding. The business analytics firm has yet to comment on this news.
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