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.

Is Tonic Software a funded company?

Tonic Software is a funded company, having raised a total of $37.1M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jan 2000.

When was the latest funding round of Tonic Software?

Tonic Software's latest funding was a $***** Series B round on Jan 22, 2004, with participation from 0 investor. Its primary sector is IT Services. In United States, the IT Services sector has seen $1.51B in funding in 2026 to date.

Where does Tonic Software rank among its competitors?

Tonic Software ranks 1282nd amongst 60569 active competitors, of which 351 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was SUPER STUDIO, which secured $11.7M in May, 2025.

Who are the top competitors of Tonic Software?

Tonic Software's top competitors include GirnarSOFT, Hedgehog lab and Opencast Software. Among them, SUPER STUDIO secured the most recent funding round in May, 2025.

Tonic Software - 2026 Company Profile, Team, Funding & Competitors

Tonic Software is an acquired company based in Austin (United States), founded in 1999 by Brian P Phillips and Jim Dugger. It operates as a Web application management services. Tonic Software has raised $37.1M in funding. The company has 60569 active competitors, including 351 funded and 1216 that have exited. Its top competitors include companies like GirnarSOFT, Hedgehog lab and Opencast Software.

Company Details

Tonic Software offers a web application management software that allows to identify, resolve and prevent software application problems before they affect end users and business operations. Tonic also performs root cause analysis and programmatically corrects errors through the automation of the client's business processes.

Key Metrics

Founded Year

1999

Location

Austin, United States

Stage

Acquired

Total Funding

$37.1M in 3 rounds

Latest Funding Round

Series B, Jan 22, 2004, $*****

Investors

Scale Venture Partners & 4 more

Ranked

1282^nd among 60569 active competitors

Investment & Acquisitions

Appliant.com

Similar Companies

Natural Intelligence & 6675 more

Exit Details

Acquired by Altiris (Jan 05, 2004)

View Tonic Software's full profile

Tonic Software got acquired by Altiris on Jan 05, 2004.

Click here to take a look at Tonic Software's acquisition in detail

Tonic Software has raised a total funding of $37.1M over 3 rounds. Its first funding round was on Jan 2000. Tonic Software has 5 institutional investors.

Here is the list of recent funding rounds of Tonic Software:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 22, 2004	5359754	Series B	5852369	7878792	4020627	3982293
Nov 2000	7838304	Series B	3529684	6372342	2354831	Scale Venture Partners & 2 more
Jan 2000	5916282	Series A	7303786	5074106	6399070	Sevin Rosen

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View details of Tonic Software's funding rounds and investors

The founders of Tonic Software are Brian P Phillips and Jim Dugger.

Here are the details of Tonic Software's key team members:

Brian P Phillips: Former Co-Founder of Tonic Software and founder of 1 other company.
Jim Dugger: Former Co-Founder of Tonic Software.

View details of Tonic Software's Founder profiles and Board Members

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Top competitors of Tonic Software include GirnarSOFT, Hedgehog lab and Opencast Software. Here is the list of Top 10 competitors of Tonic Software, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	GirnarSOFT 2007, Jaipur (India), Series E	Provider of website, web & mobile application development, BI, and digital marketing services	$620M	Peak XV Partners, Hillhouse & 40 others	78/100
2nd	Hedgehog lab 2007, Newcastle Upon Tyne (United Kingdom), Series A	Provider of mobile application development and UX design services	$9.49M	Maven Capital Partners, BGF & 1 others	60/100
3rd	Opencast Software 2012, Newcastle Upon Tyne (United Kingdom), Unfunded	Software development, technology consultancy and staff augmentation services	-	-	60/100
4th	SUPER STUDIO 2014, Meguro City (Japan), Series A	Provider of software development and UI design services	$11.7M	MUFG Innovation Partners, Global Brain & 4 others	60/100
5th	Capital Numbers 2012, Kolkata (India), Public	Provider of application development and DevOps services	-	-	57/100
6th	Sylogist 1993, Calgary (Canada), Public	Limited information available	-	-	56/100
7th	Fixstars Corporation 2002, Tokyo (Japan), Public	Provider of software acceleration solutions and cloud services	-	Mirai Creation Fund, SMBC Venture Capital ... & 2 others	55/100
8th	Machint 2018, Hyderabad (India), Series A	Provider of software development and consulting services	$8.63M	Unistone Capital, Sahana System & 66 others	55/100
9th	Bosch Global Software Technologies 1997, Bengaluru (India), Funding Raised	Provider of end-to-end engineering, IT, and business solutions	-	Europa	54/100
10th	Brightspot 2008, Reston (United States), Series B	Provider of CMS solutions for digital publishers	$22M	Carrick Capital Partners, SVB & 1 others	54/100
1282nd	Tonic Software 1999, Austin (United States), Acquired	Web application management services	$37.1M	Scale Venture Partners, Sevin Rosen & 3 others	35/100