Tanium, a US-based enterprise cybersecurity technology provider backed by enterprise software producer Salesforce and financial services group Citi, has secured $150m in funding.
The capital was provided by Teachers’ Innovation Platform (TIP), a late-stage investment vehicle for pension fund manager Ontario Teachers’ Pension Plan Board.
Founded in 2007, Tanium has built a software platform that allows organisations to encrypt and manage their communication endpoints. Fortune 100 companies, financial institutions and government entities including various branches of the US Armed Forces are among its customer base.
Tanium announced in October 2020 that it had received $150m from backers including investment and financial services group Fidelity Management & Research, investment manager Baillie Gifford and funds and accounts connected to T. Rowe Price.
CNBC reported four months before that the company’s total funding had reached $900m after a cash injection of undisclosed size from Salesforce. The corporate’s venture capital arm, Salesforce Ventures, lists Tanium as one of its portfolio companies.
Citi’s strategic investment unit, Citi Ventures, is among the company’s earlier investors, as are Adage Capital Management, Andreessen Horowitz, Baillie Gifford, Franklin Templeton Investments, Geodesic Capital, IVP, TPG Growth, T. Rowe Price and Wellington Management.
Tanium co-founder and CEO Orion Hindawi said: “This investment from a savvy and highly strategic investor like TIP underlines the huge market opportunity around endpoint management and security and provides us with a thoughtful partner that shares our commitment to helping customers of all shapes and sizes manage and secure their operations.”
