Ireland-based security automation platform developer Tines secured $26m yesterday in a series B round that included Crowdstrike Falcon Fund, an early-stage investment vehicle for cybersecurity software producer CrowdStrike.
Addition led the round, with participation from fellow venture capital firms Blossom Capital and Accel as well as angel investor syndicate, Silicon Valley CISO Investments. The round valued the company at $300m, according to TechCrunch.
Founded in 2018, Tines provides a no-code digital software platform that automates workflows for the security divisions of customers which include cryptocurrency exchange operator Coinbase, healthcare product supplier McKesson and data analytics software developer Databricks.
Blossom Capital led the $4.1m first tranche of Tines’ series A round in October 2019 before Accel led an $11m extension two months later with investments from Index Ventures and Blossom Capital.