Tidemark Gets $24m for Business Analytics Platform

In the US, business analytics firm Tidemark has raised $24m in Series C funding, which it will use to fuel 'aggressive plans' to roll out its platform to Fortune 1000 companies.

Redwood City-based Tidemark, which was founded by Romanian entrepreneur Christian Gheorghe in 2010, provides a platform through which businesses can monitor and analyze key performance indicators and other business data.

Its new funding has been led by Redpoint Ventures, with support from existing investors Greylock Partners, Andreessen Horowitz, and Dave Duffield, the co-founder and co-CEO of Workday - and brings the total amount the firm has raised to more than $35m.

Geoff Yang, founding Partner of Redpoint Ventures, will join Tidemark's Board of Directors, while current Director Phil Wilmington has been named Executive Chairman of the company.

Gheorghe (pictured) comments: 'The world's largest enterprises are demanding an analytics solution truly built for the cloud. With this capital, Tidemark will continue to expand its core technology, products and go-to-market capability to deliver innovation and customer success in analytics.'

Web site: www.tidemark.net .