Tuesday, March 31, 2015

Tanium Secures $52 Million in Funding for Endpoint Security

Tanium secured an additional $52 million in venture funding from Andreessen Horowitz for its security and systems management solution.  The additional funding is a follow-up to Andreessen Horowitz’s initial financing of $90 million Tanium in May 2014.

Tanium, which was founded in 2007 and is based in Emeryville, California, said its system and help enterprises achieve "15-second visibility and control over every endpoint, even across the largest networks." Its system is designed to to detect and remediate threats and issues across millions of endpoints in seconds.  The company said it ended 2014 cash flow positive, debt free, with total cash in excess of $100 million.

“Tanium's magic innovation uniquely positions the company at the modern crossroads of systems management and security. Tanium's platform reimagines these categories and adds a new level of value and capability to forward-leaning IT teams,” said Steven Sinofsky, partner at Andreessen Horowitz.

“We started Tanium in 2007 with the goal of re-inventing how organizations secure and manage their endpoints, which have quickly become the most business critical – and vulnerable – IT assets. With Tanium, even the world’s largest organizations can achieve 15-second visibility and control over every endpoint, even across the largest networks,” said Orion Hindawi, co-founder and CTO at Tanium.

http://www.tanium.com/

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