TIDALBAY Raises $15M Series A to Transform Human Security
Investment led by Accel will accelerate product development and go-to-market expansion for the employee security scoring platform.
SAN FRANCISCO, June 15, 2024 — TIDALBAY, the employee security scoring platform, today announced it has raised $15 million in Series A funding led by Accel, with participation from existing investors. The investment will accelerate product development and expand the company's go-to-market efforts.
TIDALBAY helps organizations identify, measure, and mitigate human-layer security risks through real-time employee security scoring. The platform aggregates signals from across the security stack to calculate dynamic risk scores for each employee, enabling automated interventions ranging from targeted training to access restrictions.
"Human error remains the leading cause of security breaches, yet most organizations lack visibility into their human security posture," said Todd Mitchell, Founder and CEO of TIDALBAY. "Our platform gives security teams the data and automation they need to proactively address human risk before it becomes a breach."
The funding comes as organizations increasingly recognize the limitations of traditional security awareness programs. Annual training and periodic phishing simulations fail to change behavior or provide real-time risk visibility. TIDALBAY's continuous scoring approach has helped customers reduce phishing incidents by an average of 60%.
"TIDALBAY is solving a critical problem that every organization faces," said Sameer Gandhi, Partner at Accel. "Their data-driven approach to human security is exactly what CISOs need to protect their organizations from the most common attack vector."
Key milestones since the company's founding:
- Over 100 customers across financial services, healthcare, and technology
- 41+ integrations with leading security and HR platforms
- SOC 2 Type II certification
- Average customer ROI of 4x in the first year
The company plans to use the funding to:
- Expand the engineering team and accelerate product development
- Grow the sales and customer success organizations
- Open a European headquarters to serve growing international demand
- Invest in AI/ML capabilities for predictive risk modeling
TIDALBAY was founded by Todd Mitchell, an operational scale leader with more than fifteen years of experience building managed services, security, and cloud businesses at companies including Electric, WebPros, Connectria, and Dataprise.
About TIDALBAY
TIDALBAY is the employee security scoring platform that helps organizations identify, measure, and mitigate human-layer security risks. By aggregating signals from across the security stack and calculating real-time risk scores, TIDALBAY enables automated interventions that improve security behavior. For more information, visit tidalbay.com.
About Accel
Accel is a leading venture capital firm that partners with exceptional founders from the earliest days of their companies. For more information, visit accel.com.
Media Contact: