About Tonic Software
Tonic Software is a company based in Austin (United States) founded in 1999 was acquired by Altiris in January 2004.. Tonic Software has raised $37.14 million across 3 funding rounds from investors including Dell Technologies, Altiris and Scale Venture Partners. Tonic Software has completed 1 acquisition, including Appliant.com. Tonic Software operates in a competitive market with competitors including AKQA, Hancom, AlmavivA, Hedgehog lab and Waracle, among others.
- Headquarter Austin, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$37.14 M (USD)
in 3 rounds
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Latest Funding Round
$4.14 M (USD), Series B
Jan 22, 2004
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Investors
Dell Technologies
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Altiris
(Jan 05, 2004)
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Funding Insights of Tonic Software
Tonic Software has successfully raised a total of $37.14M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $4.14 million completed in January 2004. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $4.1M
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First Round
First Round
(01 Jan 2000)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2004 | Amount | Series B - Tonic Software | Valuation |
investors |
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| Nov, 2000 | Amount | Series B - Tonic Software | Valuation |
investors |
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| Jan, 2000 | Amount | Series A - Tonic Software | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tonic Software
Tonic Software has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Dell Technologies, Altiris and Scale Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage venture capital investments are focused on US companies.
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Founded Year | Domain | Location | |
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Early-stage US investments in technology and offline sectors are targeted.
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Founded Year | Domain | Location | |
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Cybersecurity solutions and IT transformations are provided by Dell Technologies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tonic Software
Tonic Software has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Appliant.com. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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End-user monitoring for web applications is provided by Appliant.com.
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1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Tonic Software
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tonic Software Comparisons
Competitors of Tonic Software
Tonic Software operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AKQA, Hancom, AlmavivA, Hedgehog lab and Waracle, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Integrated digital marketing campaigns are developed and executed across channels.
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| domain | founded_year | HQ Location |
Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions.
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| domain | founded_year | HQ Location |
IT services suite solutions are provided globally by AlmavivA.
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| domain | founded_year | HQ Location |
Mobile application development and UX design services are provided.
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| domain | founded_year | HQ Location |
Mobile apps and IoT solutions are developed across platforms.
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| domain | founded_year | HQ Location |
Offshore enterprise application development and IT consulting services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Tonic Software
When was Tonic Software founded?
Tonic Software was founded in 1999 and raised its 1st funding round 1 year after it was founded.
Where is Tonic Software located?
Tonic Software is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Tonic Software a funded company?
Tonic Software is a funded company, having raised a total of $37.14M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Jan 01, 2000.
What does Tonic Software do?
Tonic Software was founded in 1999 and is based in Austin, United States. Software for web application management is developed to detect and address problems before they disrupt end users or business functions. Root cause analysis is conducted, and errors are corrected via automation of client business processes. Operations focus on the software sector, with services centered on preventive maintenance and issue resolution for web-based systems.
Who are the top competitors of Tonic Software?
Tonic Software's top competitors include Hedgehog lab, AlmavivA and AKQA.
How many acquisitions has Tonic Software made?
Tonic Software has made 1 acquisition, including Appliant.com.
Who are Tonic Software's investors?
Tonic Software has 4 investors. Key investors include Dell Technologies, Altiris, Scale Venture Partners, and Sevin Rosen.
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