Bengaluru: Tanium, the California-based security and system management firm announces that it has raised $120 million in a funding round led by TPG, Institutional Venture Partners (IVP) and T. Rowe Price Associates, Inc. Existing investor Andreessen Horowitz acted as the advisors to Tanium on this financing. The company plans to use the fresh capital to expand its business operations so as to achieve faster business growth. This is Tanium’s second fundraising this year; the previous one being in March when it raised $52 million from Andreessen Horowitz.
Speaking on the occasion, Orion Hindawi, Co-Founder, President & CTO, Tanium cites, “Since its inception, we’ve built Tanium around a strong mission – to help our customers fundamentally improve the visibility and control they have over their growing environments, so that they can stem the bleeding caused by security and operations outages that are going unchecked through the use of older, broken management tools. The overwhelmingly positive market reaction and phenomenal growth we have experienced over the past few years has been humbling, but it only reinforces our team’s focus to help the number of companies and government organizations around the world that need Tanium but don’t have it yet. We commit to maintaining laser focus on building truly innovative technology that solves some of the hardest management problems for our customers, and working to ensure that no large organization is forced to manage their environment with ineffective, antiquated tools going forward”.
“Game changing isn’t a phrase you hear many Fortune 100 executives use frequently when describing a startup, but that’s exactly how they describe Tanium” says Somesh Dash, General Partner at Institutional Venture Partners (IVP). “Tanium has the opportunity to become one of the fastest growing and seminal Enterprise companies in the IT sector with its disruptive endpoint platform,” he adds.
Bryan Taylor, Partner, TPG quotes, “As security becomes a top priority for global business leaders, there is tremendous market opportunity for those companies that offer solutions that align with today’s focus on speed, scalability, and cloud-based technologies. We have spent considerable time in the security and IT space and we believe Tanium is leading the way with superior products and technological innovation, and an incredibly seasoned executive team. We look forward to partnering closely with them to help drive further growth”.
Tanium is the brain child of David Hindawi and Orion Hindawi who started the company in 2007. The company provides network solutions and client-server architecture services for enterprises and its customers. It enables the security and IT operations teams to ask questions about the condition of every endpoint across the enterprise in plain English, retrieve data on their current state and make any changes if necessary, all within seconds.