Tehama (Wind-Down)
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
Tehama was an Ottawa-based Virtual Office as a Service platform developed at IT services company Pythian (founded by Paul Vallee) and spun out as an independent company, Tehama Inc., in 2019. It let enterprises create cloud-based virtual offices, rooms and desktops anywhere in the world, onboarding remote workers in under an hour with SOC 2 security, activity monitoring and audit trails. It raised a Series A led by OMERS Ventures and served over 150 enterprises.
02 / Tehama (Wind-Down) FAILURE REASONS
Failure reasons
After the pandemic boom faded, Tehama ran into difficulties, driven in part by its financing. The company went bankrupt in 2023.
03 / EVENT HISTORY
Events in the structured record
- Public launch
Tehama launches publicly out of Pythian, offering secure virtual offices for enterprise remote work.
- Spin-out and Series A
Tehama spins out as an independent company and completes a Series A led by OMERS Ventures, with 150+ enterprises on the platform.
- Bankruptcy
Tehama Inc. goes bankrupt in 2023 after financing difficulties.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
Tehama was purchased out of bankruptcy by multiple former senior executives.
- 02
The reborn company was rebranded as Tehama Technologies, shifting its message from DaaS to a secure access platform for enterprise data and applications.
- 03
Tehama Technologies joined Microsoft's Startups Pegasus Program to expand its market.