# Tacit Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tacit-software

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.tacitknowledge.com
- Total disclosed funding: $13M
- Latest round: Series B (Feb 13, 2004)
- Investors on record: 6

## About

Tacit Software, Inc. provides advanced technology solutions that drive digital transformation, specializing in custom software development, cloud services, and data analytics for various industries.Founded in 2002 and headquartered in San Francisco, US, Tacit Software, Inc. focuses on delivering technology solutions. The company was acquired by Newgistics, Inc. in August 2013, although no financial terms were disclosed. The company has raised a total of USD 7.00 mn in funding through a SERIES B round, with notable investors including Alta Partners, Draper Fisher Jurvetson, Relay Ventures, and Woodside Fund. Tacit has completed 6 deals since its inception, achieving a current valuation of USD 17.03 mn.Tacit Knowledge, now part of Grid Dynamics, specializes in providing advanced technology solutions that enhance digital transformation. Their core offerings include custom software development, cloud services, data analytics, and enterprise application integration, aimed at improving operational efficiency and customer experiences. Tacit Knowledge serves a diverse clientele, including Fortune 500 companies, small to medium enterprises, and startups, with a significant presence in North America, Europe, and parts of Asia.Tacit Knowledge generates revenue through project-based work and long-term service contracts, engaging primarily in B2B transactions. Revenue streams include customized software development and consulting services, with clients often paying upfront fees for initial project phases, followed by recurring payments for ongoing support and maintenance. Their flagship offerings, such as cloud integration services and proprietary analytics tools, contribute significantly to their revenue model, structured around subscription plans that ensure continuous access to updates and support.Tacit Software, Inc. aims to expand its product offerings and geographical reach following its 2013 acquisition. Plans include launching new software solutions targeting specific operational challenges in key markets. The company also seeks to penetrate additional regions in North America and Europe by 2015, leveraging the funds raised during its SERIES B round to support product development and market expansion initiatives.

## Funding rounds

- Series B, Feb 13, 2004, $7M — Alta Partners, Draper Fisher Jurvetson, Woodside Fund, Relay Ventures
- Series C, Dec 23, 2002, $3M — Draper Fisher Jurvetson
- Series C, Nov 28, 2001, $3M — Draper Fisher Jurvetson, RVC, In-Q-Tel

## Investors

- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series C, Series B
- RVC (https://capitalatlas.ai/funds/rvc) — Series C
- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Series C
- Alta Partners (https://capitalatlas.ai/funds/alta-partners) — Series B
- Woodside Fund (https://capitalatlas.ai/funds/woodside-fund) — Series B
- Relay Ventures (https://capitalatlas.ai/funds/relay-ventures) — Series B