Wednesday, September 2, 2015

Tanium Raises $120 Million for its Endpoint Security

Tanium, a start-up which offers an endpoint security and management solution, secured $120 million in additional financing from TPG, Institutional Venture Partners (IVP) and funds and accounts advised by T. Rowe Price Associates, Inc., alongside existing investor Andreessen Horowitz. The company is based in Emeryville, California.

Tanium noted the following milestones for the first half of fiscal year 2015:

  • Grew bookings by over 250% in Q2 over the same quarter last year.
  • Increased the number of transactions over $1 million by over 100% in the first half over the same period last year.
  • Added a record number of new names to its customer roster, including hallmark brands across the financial services, retail, healthcare, technology and government vertical markets.
  • Now used in production in over half of Fortune 100 companies.
  • Expanded operations to EMEA and Asia Pacific to better support Global 2000 customers, establishing regional headquarters in London, Sydney and Tokyo.
  • Opened its Washington, D.C. office to better support the company’s rapidly growing public sector footprint.
  • Released Tanium Endpoint Platform 6.5, including four product modules that provide new ways to address a variety of security and IT operations challenges including threat detection, incident response and forensics, and patch management.
  • Added some of the best security and IT minds in the industry to the Tanium team, including private sector incident response experts and former government special agents who worked on some of the most high profile post-breach investigations across both the private and public sectors.


“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,” said Orion Hindawi, Co-founder, President and CTO at Tanium. “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.”

http://www.tanium.com

In March 2015, Tanium announced that Andreessen Horowitz invested an additional $52 million in the company. This subsequent investment in Tanium is a follow-up to Andreessen Horowitz’s initial financing of $90 million in May 2014.

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