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Cybersecurity Funding

Tanium Secures Additional $120 Million in Funding

Systems and security management company Tanium announced this week that it has secured an additional $120 million in funding from a handful of investors, bringing the total raised by the software maker to a whopping $262 million.

Systems and security management company Tanium announced this week that it has secured an additional $120 million in funding from a handful of investors, bringing the total raised by the software maker to a whopping $262 million.

Tanium offers a platform that collects and processes 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.

Using its platform, 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.

Tanium Logo

The company boasts that its platform is capable of delivering 15-second visibility and control over millions of geographically distributed endpoints, from laptops to desktops to virtual machines to cloud assets to ATMs.

Founded in 2007, Emeryville, Calif.-based Tanium claims half of the Fortune 100, 6 of the top 10 largest global banks and four of the top 10 global retailers as customers, including Target, Visa, NASDAQ and Verizon.

The company says that it has been cash flow positive since 2012 and now has approximately 300 employees, with plans to expand aggressively globally.

It was just months ago when the company announced that it had secured an additional $52 million in funding from Silicon Valley VC firm Andreessen Horowitz, after first raising $90 Million from Andreessen Horowitz in May 2014.

The $120 million deal is one of the top funding rounds ever for a privately held security company, and the single largest of 2015.

The latest funding was raised from TPG, Institutional Venture Partners (IVP), T. Rowe Price alongside existing investor, Andreessen Horowitz.

According to the company, the large injection of fresh cash will be used to expand the scale of operations across the company to support demand for its products.

Written By

For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.

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