Tehama, a Canada-based workforce collaboration and management software platform spun out of IT services firm Pythian, collected $10m yesterday in a series A round led by Omers Ventures, the venture capital arm of pension fund Omers.
The deal was rounded off by Industrial Clean and Energy Technology Venture Fund, a vehicle established by BDC Capital, the investment arm of state-owned Business Development Bank of Canada.
Founded in 2016 as a Pythian subsidiary before spinning out last September, Tehama provides a cloud-based software platform used by more than 150 companies to manage telecommuting workforces through secure communication tools such as virtual office spaces.
The company predicts the prevalence of telecommuting prompted by Covid-19 will become entrenched as businesses look to reduce expenditures and attract a wider pool of talent.
Paul Vallée, CEO and founder of Tehama, said: “The future of work is virtual, and that future has now permanently been accelerated.
“Today, almost every enterprise is grappling with challenges of an immediate work from home mandate such as security, bandwidth, performance, audit and compliance issues.
“There’s an urgent need for a new way to enable a secure virtual workforce.”