One of the top funding rounds ever for a privately held security company, and the single largest of 2015
With more than 250% year-over-year bookings growth, Tanium has become one of the fastest growing enterprise software companies in the world
SEPTEMBER 2, 2015, Emeryville, Calif. – Tanium, the company that has redefined security and systems management, today announced that it has secured $120 million in additional financing from TPG, Institutional Venture Partners (IVP) and funds and accounts advised by T. Rowe Price Associates, Inc., alongside existing investor Andreessen Horowitz. The additional capital will be used to expand the scale of operations across the company to support unprecedented global demand for Tanium from the largest enterprises and government organizations around the world. The company today also announced growth metrics for the first half of fiscal year 2015 that prove the business value of the Tanium platform and its groundbreaking 15-second visibility and control, even over millions of globally managed assets.
In a fully digital world, the lifeblood of an organization lies in its ability to gain the upper hand against bad actors by moving faster than they do and stopping attacks before they cause irreparable damage. The rising number of security breaches across both the public and private sectors is directly caused by IT’s inability to find or fix the issue quickly enough at scale – the incumbent approaches and tools are too slow and scale too poorly to secure and manage the rising number of business-critical IT assets today.
Tanium is fundamentally transforming IT with the industry’s only platform 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. Instead of relying on data that is hours, days or weeks old, security and IT operations teams now have accurate and complete data that is only seconds old and the unique ability to make changes across the enterprise in seconds as well. With authoritative data on what is actually happening – as it’s happening – and the ability to make change nearly immediately, organizations are now back in the driver’s seat to stay ahead of attackers and reclaim operational inefficiencies that have plagued them for years.
Tanium is one of the fastest growing enterprise software companies in the world, and has a rock solid balance sheet consisting of a quarter of a billion dollars in cash and investments while remaining debt free. With the support of TPG, the lead investor in this round, and the team of new and existing investors, the company is strongly poised to sell to and support every company in the Global 2000 and government organization around the world, and capitalize on the $25 billion market opportunity across the endpoint security and systems management markets.
Tanium’s continued high growth in the first half of fiscal year 2015 includes the following milestones:
- Grew bookings by over 250% in Q2 over the same quarter last year.
- Increased the number of transactions over $1 million by over 100% in the first half over the same period last year.
- Added a record number of new names to its customer roster, including hallmark brands across the financial services, retail, healthcare, technology and government vertical markets.
- Now used in production in over half of Fortune 100 companies.
- Expanded operations to EMEA and Asia Pacific to better support Global 2000 customers, establishing regional headquarters in London, Sydney and Tokyo.
- Opened its Washington, D.C. office to better support the company’s rapidly growing public sector footprint.
- Released Tanium Endpoint Platform 6.5, including four product modules that provide new ways to address a variety of security and IT operations challenges including threat detection, incident response and forensics, and patch management.
- Added some of the best security and IT minds in the industry to the Tanium team, including private sector incident response experts and former government special agents who worked on some of the most high profile post-breach investigations across both the private and public sectors.
“Since its inception, we’ve built Tanium around a strong mission – to help our customers fundamentally improve the visibility and control they have over their growing environments, so that they can stem the bleeding caused by security and operations outages that are going unchecked through the use of older, broken management tools,” said Orion Hindawi, Co-founder, President and CTO at Tanium. “The overwhelmingly positive market reaction and phenomenal growth we have experienced over the past few years has been humbling, but it only reinforces our team’s focus to help the number of companies and government organizations around the world that need Tanium but don’t have it yet. We commit to maintaining laser focus on building truly innovative technology that solves some of the hardest management problems for our customers, and working to ensure that no large organization is forced to manage their environment with ineffective, antiquated tools going forward.”
“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,” said Bryan Taylor, Partner at TPG. “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.”
“Game changing isn’t a phrase you hear many Fortune 100 executives use frequently when describing a startup, but that’s exactly how they describe Tanium” said Somesh Dash, General Partner at Institutional Venture Partners (IVP). “Tanium has the opportunity to become one of the fastest growing and seminal Enterprise companies in the IT sector with its disruptive endpoint platform.”
“Our financial profile is enviable. Emerging companies usually have to trade off growth at the expense of profits, whereas we are driving high growth and generating positive cash flow at the same time,” said Eric Brown, CFO and COO at Tanium. “As the former CFO of four publicly traded companies, I can tell you I’ve never seen a balance sheet as healthy as ours for a company of our size. I look forward to disrupting multiple IT markets as we capitalize on the $25 billion opportunity in front of us.”
- Read the interview with Orion on the current IT landscape and the road ahead
- Learn more about the Tanium platform or schedule a live demo
Tanium gives the world’s largest enterprises and government organizations the unique power to secure, control and manage millions of endpoints across the enterprise within seconds. Serving as the “central nervous system” for enterprises, Tanium empowers security and IT operations teams to ask questions about the state of every endpoint across the enterprise in plain English, retrieve data on their current and historical state and execute change as necessary, all within seconds. With the unprecedented speed, scale and simplicity of Tanium, organizations now have complete and accurate information on the state of endpoints at all times to more effectively protect against modern day threats and realize new levels of cost efficiency in IT operations. Visit us at www.tanium.com or follow us on Twitter at @Tanium.
Read more about why we invested in our blog.