Tanium, a US-based enterprise cybersecurity software provider that counts financial services firm Citi as an investor, has raised $200m in a funding round led by investment management firm Wellington Management.
The round valued Tanium at $6.5bn pre-money and also featured investment manager Baillie Gifford and hedge fund Adage Capital Management. The company said part of the funding may be used to allow employees and early backers to sell shares.
Founded in 2007, Tanium has created a software platform that enables large organisations to securely manage all their systems from a single point, helping them to protect against cyber attacks across their entire operation.
The round boosted Tanium’s total funding to about $780m and comes after TPG Growth, a subsidiary of private equity group TPG, invested $175m in the company at a $5bn valuation in May this year.
TPG Growth had already led a $100m round for the company in May 2017 that included venture capital firm Institutional Venture Partners, valuing it at $3.75bn. Citi Ventures, Citi’s strategic investment arm, is also an investor, but has not disclosed when it supplied funding.
Tanium’s other backers include Andreessen Horowitz, Franklin Templeton Investments and Geodesic Capital, it said this week.
Orion Hindawi, Tanium’s co-founder and CEO, said: “We introduced our technology to the world five years ago, and in that time, we have grown to be over 800 team members strong and helped hundreds of the world’s largest enterprises – including over half of the Fortune 100 – achieve stronger business resilience.
“We are thrilled to have such a strong set of investors support the Tanium vision of transforming the way industry-leading companies are able to manage and secure their networks against ever-advancing technology-based disruptions.”
