What I saw with Tidemark was that well before we were even considering a Series B, they were talking to our customers and industry participants, and they were really forming their own thoughts on our business. And then they came and brought that to us; and what I read was exceptionally aligned with the way that we were thinking about the company. And we think having a partner like Tidemark who’s super deep in the product, super deep in go-to-market, super deep in vertical software generally is going to be an incredible partner on our journey to become the System of Action for the construction industry.

Adaptive is one of the clearest examples we’ve found of a System of Action: it doesn’t just help construction finance teams do the work, it increasingly does the work itself. By bridging the back office and the field, Adaptive eliminates much of the manual coordination required to understand job-level costs. Customers already see it as one of the most important tools in their stack, and we’re excited to partner with Matt, Henry, and the team on their journey to build the defining application layer for construction finance.

What stood out to us was how customers talked about Adaptive, consistently describing it as one of the most important systems in their business. That kind of enthusiasm is rare in construction software. We believe Adaptive will become synonymous with construction accounting, and Matt, Henry, and the team are the ones to get it there.