Tideway raises $27M round for IT automation software
A large round of $27 million has gone to IT automation software maker Tideway, which helps automate and streamline some of the processes that information technology departments generally do manually.
The company, which is based in New York and London, has software that can examine a company’s IT infrastructure and use the resulting data to create a continuously updated map of the structure and interdependencies of its physical and virtual networks.
Having such maps helps the company’s IT department both keep track of day-to-day operations and make larger changes more easily, when necessary.
Scottish Equity Partners led the $27 million funding, and was joined by APAX. Tideway has taken about $37.5 million to date.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.