Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Security Automation Firm Tines Raises $26 Million at $300 Million Valuation

Tines, an Ireland-based company that provides no-code automation solutions for security and operations teams, on Thursday announced that it has raised $26 million in a Series B funding round, at a valuation of $300 million.

Tines, an Ireland-based company that provides no-code automation solutions for security and operations teams, on Thursday announced that it has raised $26 million in a Series B funding round, at a valuation of $300 million.

The Series B round, which brings the total raised by Tines to $41 million, was led by investment firm Addition. The company plans on expanding with the creation of a hub in Boston, Massachusetts.

Tines has developed a platform that enables non-technical employees to automate simple and repetitive tasks in an effort to save software engineers and other more technical employees valuable time.

The company says anyone can learn to use its platform in roughly 3 hours, enabling users to easily automate processes and integrate tools, tasks that often require support from technical staff. Tines says its product aims to address issues in areas where it’s difficult to find and retain staff due to repetitive and low-fulfillment work.

One example shared by the company involves security teams and the significant amount of time they spend dealing with the increasing volume of alerts they get every day.

Tines says customers such as Box, Coinbase, Canva, Databricks, McKesson, and OpenTable use its platform to automate thousands of tasks every day.

“If software is eating the world, automation is eating the enterprise,” said Tines Co-founder and CEO Eoin Hinchy. “Yet, the majority of progress in this space still requires non-technical teams to depend on software engineers to implement their automation. Other platforms are generally either too hard to use, not flexible enough or not sufficiently robust for mission-critical workflows like cybersecurity. Tines empowers enterprise teams to automate any of their own manual workloads independently, making their jobs more rewarding while simultaneously delivering enormous value for their organizations.”

Related: Security Automation Firm Respond Raises $20 Million

Advertisement. Scroll to continue reading.

Related: Security Automation Firm Demisto Raises $43 Million

Related: Security Automation Firm ZecOps Raises $10 Million in Seed Funding

Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Understand how to go beyond effectively communicating new security strategies and recommendations.

Register

Join us for an in depth exploration of the critical nature of software and vendor supply chain security issues with a focus on understanding how attacks against identity infrastructure come with major cascading effects.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

CISO Conversations

Joanna Burkey, CISO at HP, and Kevin Cross, CISO at Dell, discuss how the role of a CISO is different for a multinational corporation...

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.

CISO Strategy

Security professionals understand the need for resilience in their company’s security posture, but often fail to build their own psychological resilience to stress.

Cyber Insurance

Cyberinsurance and protection firm Boxx Insurance raises $14.4 million in a Series B funding round led by Zurich Insurance.