Tidelift secures additional investment to further develop open source software management technology
rising tidewhich provides platforms to improve the resilience of the open source software supply chain, has extended its Series C funding to $33.5 million after securing additional investments from AEI HorizonXa venture capital group formed by AE Industry Partners and Boeingand Cisco Investments.
Tidelift said it would use the additional funding to expand its market presence and expand the capabilities of its open source software management platform.
Existing investors who participated in the funding round include Atlassian Ventures, Dorilton Ventures, Foundry, General Catalyst and Kaiser Permanente.
Tyler RoweVice President of AEI HorizonX, said the venture capital investment platform is committed to advancing innovation aimed at improving open source software that supports the public sector and the aerospace industry.
“Tidelift’s approach of partnering with maintainers to ensure their open source projects meet accepted enterprise standards enables organizations like Boeing to make fuller use of open source and ultimately account, to deliver more value to customers,” added Rowe.
Tidelift customers include the US Air Force, US Geological Survey, NASA’s Jet Propulsion Laboratory, Fannie Mae, Hughes, Adobe, Bloomberg and IEEE.