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September 29, 2015

Tanium completes $300m funding

Some have the end point security developer valued at over $3bn.

By CBR Staff Writer

Security and systems management company Tanium has received $30m from Franklin Templeton and Geodesic Partners bringing the total funding raised by the firm to $300m.

Earlier this month the company raised $120m in a round of funding from TPG, Institutional Venture Partners (IVP) and the company said that the funds would be used to expand the scale of operations across the company to meet the global demand for Tanium by organisations.

Company co-founders David and Orion Hindawi have accepted an additional $30m from Franklin Templeton and Geodesic Partners bring the total to final round total to $147.5m.

Fortune cited a source familiar with the matter as saying that Investors have valued the company at $3.5bn.

Started in 2007, the company’s platform provides 15-second visibility and control over every endpoint, even across the largest and most complex global networks.

It offers End Point Security for organisations that provide threat detection, incident responses, and vulnerability assessment and configuration compliance.

Tanium’s other product, Endpoint Management provides clients with asset inventory, asset utilization, and patch management.

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TPG Partner Bryan Taylor previously said: "As security becomes a top priority for global business leaders, there is tremendous market opportunity for those companies that offer solutions that align with today’s focus on speed, scalability, and cloud-based technologies.

"We have spent considerable time in the security and IT space and we believe Tanium is leading the way with superior products and technological innovation, and an incredibly seasoned executive team. We look forward to partnering closely with them to help drive further growth."

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