Endpoint management and security solutions provider Tanium this week announced the sale of $150 million in common stock to Ontario Teachers’ Pension Plan Board.
Ontario Teachers’ made the funding investment through its Teachers’ Innovation Platform (TIP), which is involved in late-stage venture and growth equity investments in validated technologies.
Founded in 2007, Tanium has seen tremendous growth over the past several years, with approximately $800 million raised by 2018, and a valuation at $9 billion last year, following a strategic partnership with Salesforce.
The company’s solutions provide customers with endpoint management, security, and visibility capabilities, for increased control across the enterprise environment.
Last year, the security solutions provider launched Tanium as a Service (TaaS), a zero infrastructure endpoint management and security solution, and partnered with Google Cloud and IBM Cloud to help detect advanced persistent threats and deliver security and compliance monitoring for hybrid cloud.
Tanium now aims to tackle the middle market, which it says faces not only complex IT landscapes and increasingly sophisticated cyber-attacks, but also the lack of security talent and the challenge of strained budgets.
“The recent escalation in the sophistication of cyber-attacks is a stark reminder that all organizations are vulnerable. From the most complex government agency to regional employers, business leaders need a platform that provides visibility and control of endpoints paired with rich data to make informed, timely business decisions,” Orion Hindawi, co-founder and CEO of Tanium, commented.
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