Tanium, the US-based endpoint cybersecurity software provider backed by enterprise software producer Salesforce and financial services firm Citi, revealed yesterday it recently secured $150m in equity funding.
Investment and financial services group Fidelity Management & Research and investment management firm Baillie Gifford took part in the round along with respective affiliates, and were joined by funds and accounts advised by T. Rowe Price.
The company said it has now raised more than $900m in total and is now valued at over $9bn. It had secured an undisclosed amount from Salesforce in June this year, telling CNBC at the time that the deal took its overall funding to $900m.
Founded in 2007, Tanium has developed a software platform that helps enterprise customers manage endpoint security. It claims almost half the Fortune 100 among its customer base together with six branches of the US Armed Forces.
Investment manager Wellington Management led a $200m round in October 2018 that valued the company at $6.7bn post-money, participating alongside Baillie Gifford and hedge fund manager Adage Capital Management, boosting its overall funding to $780m in the process.
Private equity group TPG had provided $175m for Tanium through its TPG Growth subsidiary at a $5bn valuation five months earlier, having led a $100m round the year before that was also backed by existing investors including venture capital firm IVP.
Financial services firm Citi’s VC arm, Citi Ventures, is among the company’s earlier investors, as are T. Rowe Price, Andreessen Horowitz, Geodesic Capital and Franklin Templeton Investments.
