Failed 2023

    Tehama (Wind-Down)

    Ottawa-based virtual-desktop startup Tehama was a COVID darling that couldn't sustain growth as remote-work tooling consolidated.

    Founded → Closed

    2017 → 2023

    Funding Raised

    $30M

    Industry

    SaaS/Remote Work

    Country

    Canada

    Full Analysis

    Ottawa-based Tehama provided cloud virtual workspaces for distributed teams. After raising CAD$30M+ during the COVID remote-work boom, the company laid off most staff in 2023 as enterprise customers consolidated on Microsoft, Citrix, or AWS Workspaces. Tehama's IP was acquired in a soft outcome. A useful Canadian example of COVID-era over-funding.

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