Tidelift, a Boston, MA-based system that pays open source creators to maintain and secure thousands of projects vital to professional software development teams, raised $25m in Series B funding.
The round was co-led by General Catalyst, Foundry Group, and former Red Hat Chairman and CEO Matthew Szulik.
The company intends to use the funds to accelerate the adoption of its new business model for open source.
Led by co-founder and CEO Donald Fischer, Tidelift gives organizations the security, licensing, and maintenance guarantees they need for the open source software components their applications depend on. At the core of its solution there is the Tidelift Subscription—a single source for proactively maintained open source components, professional assurances around those components, and a software platform to track them.