Tidemark Leads Adaptive’s $30 Million Series B

Gunderson Dettmer represented Tidemark as the lead investor in the $30 million Series B financing of Adaptive, an agentic accounting platform for construction.

Adaptive’s agents pull in schedules, daily logs, and answers gathered straight from the field, and use it to do job costing, AP, billing, WIP, payments, and compliance work on behalf of finance teams, allowing them to shift from catching up to getting ahead. Tidemark’s investment will fund the continued development of Adaptive’s Project Accounting Agents and the growth of its team.

“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,” said Dave Yuan, Founder & Managing Partner at Tidemark, in the announcement of the transaction. “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.”

The Gunderson deal team was led by Zach Crowe and Brad Spinner.