Tidelift, a Boston, MA-based provider of solutions for managing open source software supply chain health and security, raised $27m in Series C funding.
The round was led by Dorilton Ventures, with participation from Kaiser Permanente and Atlassian Ventures joining existing investors General Catalyst and Foundry Group. As part of the transaction, Daniel Freeman of Dorilton Ventures has joined the Tidelift Board of Directors.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Donald Fischer, co-founder and CEO, Tidelift allows organizations to manage the open source behind modern applications. Through the Tidelift Subscription, the company delivers the tools, data, and strategies powering an inclusive and organization-wide approach to improving the health and security of the open source software supply chain.
Tidelift serves organizations across industries, including healthcare, finance, technology, and government. Customers include Fannie Mae, Bloomberg, Hughes, Adobe, NASA Jet Propulsion Laboratory, IEEE, the United States Geological Survey, and the United States Air Force.
FinSMEs
24/05/2022