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
- SectorsTechnology
- Website tonicsoftware.com
- Social LinkedIn
- Acquired by Altiris (Jan 2004)
- Total Equity Funding$37.14M (USD)
in 3 rounds
- Latest Funding Round$4.14M (USD), Series B
Jan 2004
- InvestorsDell Technologies
& 3 more
- Investments & Acquisitions
- Acquired byAltiris
(Jan 2004)
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 $37.14M
- Total Rounds 3
- Last Round Series B — $4.14M
- First Round $5M
(Jan 2000)
- Investors Count 3
All 3 funding rounds of Tonic Software with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2004 | $4.14M | Series B | – | – | – |
| Nov 2000 | $28M | Series B | – | – | |
| Jan 2000 | $5M | Series A | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments are focused on US companies. | – | scalevp.com | Foster City, United States | |
Early-stage US investments in technology and offline sectors are targeted. | – | srfunds.com | Dallas, United States | |
Cybersecurity solutions and IT transformations are provided by Dell Technologies. | 1998 | delltechnologies.com | Round Rock, United States | |
Provider of software development services | 1998 | altiris.com | Lindon, United States |
Investor details for Tonic Software
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Investments & Acquisitions by Tonic Software
Tonic Software has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Appliant.com.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
End-user monitoring for web applications is provided by Appliant.com. | appliant.com | Seattle, United States | 1997 | Jun 2003 | •••• |
Complete acquisition details for Tonic Software
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Timeline of Tonic Software
5 dated milestones of Tonic Software across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Tonic Software is founded.
- Funding First funding round of $5.0M.
- Acquisition Acquires Appliant.com.
- Exit Acquired by Altiris.
- Funding Latest funding round, Series B, of $4.1M.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| akqa.com | 1994 | Riyadh, Saudi Arabia | $8.74M | 648 | Integrated digital marketing campaigns are developed and executed across channels. | |
| hancom.com | 1990 | Seongnam-si, South Korea | – | – | Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions. | |
| almaviva.it | 2005 | Rome, Italy | – | – | IT services suite solutions are provided globally by AlmavivA. | |
| hedgehoglab.com | 2007 | Newcastle Upon Tyne, United Kingdom | $9.49M | 88 | Mobile application development and UX design services are provided. | |
| waracle.com | 2007 | Dundee, United Kingdom | $6.32M | 42 | Mobile apps and IoT solutions are developed across platforms. | |
| sierraatlantic.com | 1993 | Newark, United States | $17.4M | 139 | Offshore enterprise application development and IT consulting services are provided. | |
| smile.eu | 1991 | – | $8.66M | – | Smile is recognized as a leader in open digital technology solutions. | |
| sylogist.com | 1993 | Calgary, Canada | – | – | Software solutions are delivered to public sector and business clients. | |
| qxglobalgroup.com | 2003 | Skipton, United Kingdom | $127.98M | 1,738 | Digital transformation and business process management services are provided. | |
| guidde.com | 2020 | Belmont, United States | $30.6M | – | Cloud-based video tools for knowledge sharing and management are provided. |
Detailed competitors of Tonic Software
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- Full competitor set
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Similar companies to Tonic Software
10 companies that operate in the same segment as Tonic Software (IT Services & Operations), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 1,240 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 | |
Cloud based platform offering IT operational data and security analytics software | 2003 | San Francisco, California, United States | USD 40 M | USD 2.59 M | 108 | |
Cloud-based enterprise management solutions including backup and recovery are provided. | 2003 | Singapore, Singapore | USD 658 M | – | – | |
Cloud and application performance management platform is provided. | 2010 | New York, New York, United States | USD 147.19 M | USD 2.68 B | 6,500 | |
Converged data management solutions are provided for backup and recovery. | 2014 | Palo Alto, California, United States | USD 553 M | USD 1.32 B | 3,200 | |
IT backup and recovery solutions are provided via cloud platform. | 2006 | Columbus, Ohio, United States | USD 1.04 B | – | – | |
IT outsourcing services are delivered across multiple business lines. | 2011 | Bengaluru, Karnataka, India | USD 64.83 M | USD 246.74 M | 5,260 | |
Analytics and digital solutions for healthcare and banking are provided. | 1999 | New York, New York, United States | USD 10 M | USD 2.09 B | 59,500 |
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Frequently Asked Questions about Tonic Software
Tonic Software was founded in 1999 and raised its 1st funding round 1 year after it was founded.
Tonic Software is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
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 2000.
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.
Tonic Software's top competitors include Hedgehog lab, AlmavivA and AKQA.
Tonic Software has made 1 acquisition, including Appliant.com.
Tonic Software has 4 investors. Key investors include Dell Technologies, Altiris, Scale Venture Partners, and Sevin Rosen.
Yes. Tonic Software was acquired by Altiris in January 2004.