Systems and security management company Tanium announced on Sunday that it has secured a massive $90 million in funding from Silicon Valley VC firm Andreessen Horowitz.
Tanium offers a platform that collects and processes billions of metrics across endpoints in real-time, which lets enterprises quickly identify the change the state of endpoints, which can help IT do everything from pinpoint and fix operational issues, to fend off advanced security attacks.
According to Berkley, Calif.-based Tanium, the new large cash injection will be used to support continued product innovation and grow the company.
Using Tanium, the company explains that CIOs, CISOs and IT professionals with highly distributed enterprise architectures can detect and mitigate damages from outages and cyber-attacks within seconds and distribute and install updates and shut down processes or executables instantaneously.
Founded in 2007, Tanium claims half of the Fortune 100, five of the top 10 largest global banks and four of the top 10 global retailers as customers.
“Enterprise networks have grown exponentially during the last decade while the technology to secure and manage these systems has stagnated. The result is that simple, preventable issues result in debilitating outages and attacks cannot be identified or managed until it’s too late,” said Orion Hindawi, co-founder and CTO of Tanium. “By completely rethinking how IT professionals manage, secure and maintain the end points in their network Tanium gives them the ability to interrogate, manage update and secure their systems in a fraction of the time.”
“The Tanium team has accomplished nothing short of a complete reinvention of how IT Professionals manage, secure, and maintain the end-points in their network: every node on the network can now be interrogated, managed, updated, and secured, instantly from a browser,” said Andreessen Horowitz partner Steven Sinofsky. “As an already successful and profitable company with dozens of customers in massive, mission-critical and global deployments, this type of innovative and inventive technology can only come about from a team with years of experience and a depth of understanding of the enterprise.”
Tanium also announced the appointment of Steven Sinofsky, board partner at Andreessen Horowitz, to its board of directors. Sinofsky joins existing members including Chairman David Hindawi, Tanium co-founder and CEO; Gordon Davidson, of Fenwick & West, LLP; Orion Hindawi, Tanium co-founder and CTO; Nathan Brill, and Morton Simonsen.