Tanium Raises $90M in First-Ever Venture Funded Investment from Andreessen Horowitz
Systems and Security Management Company Looks to Accelerate Growth in Footprint Across the Global 2000
SAN FRANCISCO, June 23, 2014-- Systems and security management company Tanium secured $90 million in its first venture funded financing from Andreessen Horowitz, marking the firm’s second largest investment to date. Tanium will use the funding to support continued product innovation and company expansion.
Founded in 2007, Tanium is the “central nervous system” for half of the Fortune 100, five of the top 10 largest global banks and four of the top 10 global retailers. The company spent five years building and refining its technology to meet the needs of the most rigorous enterprise environments, giving them unique real-time visibility and access to data in seconds that used to take hours, days or weeks. Using Tanium, CIOs, CISOs and IT professionals with highly distributed enterprise architectures can detect and mitigate damages from outages and cyber-attacks within seconds and distribute and install updates and shut down processes or executables instantaneously.
“Enterprise networks have grown exponentially during the last decade while the technology to secure and manage these systems has stagnated. The result is that simple, preventable issues result in debilitating outages and attacks cannot be identified or managed until it’s too late,” said Orion Hindawi, co-founder and CTO of Tanium. “By completely rethinking how IT professionals manage, secure and maintain the end points in their network Tanium gives them the ability to interrogate, manage update and secure their systems in a fraction of the time.”
How it Works
Tanium offers a new approach to systems and security management with a completely new communications architecture that addresses the unique challenges posed by modern enterprise networks. By collecting and processing billions of metrics across endpoints in real-time, and allowing enterprises to rapidly change the state of those endpoints, IT managers using Tanium can do everything from proactively identifying and fixing operational issues, to fending off professional-grade security attacks.
“The Tanium team has accomplished nothing short of a complete reinvention of how IT Professionals manage, secure, and maintain the end-points in their network: every node on the network can now be interrogated, managed, updated, and secured, instantly from a browser,” said Andreessen Horowitz partner Steven Sinofsky. “As an already successful and profitable company with dozens of customers in massive, mission-critical and global deployments, this type of innovative and inventive technology can only come about from a team with years of experience and a depth of understanding of the enterprise. We could not be more excited to be leading this investment in Tanium, and I’m delighted to join the Board and work closely with David, Orion, and the rest of the team.”
As part of its continued growth, Tanium has also announced the appointment of Steven Sinofsky, board partner at Andreessen Horowitz, to its board of directors. He joins existing members that include Chairman David Hindawi, Tanium co-founder and CEO; Gordon Davidson, of Fenwick & West, LLP; Orion Hindawi, Tanium co-founder and CTO; Nathan Brill, and Morton Simonsen.
For additional insight into this news, please read Steven Sinofsky’s blog: http://a16z.com/2014/06/22/tanium-magic/
Tanium gives the world’s biggest organizations the unique power to control, manage and secure hundreds of thousands of endpoints within seconds. Serving as the “central nervous system” for enterprises, Tanium prevents downtime and attacks that can cripple organizations and cause costly business interruptions. By collecting and processing billions of metrics across global networks of endpoints in seconds, and allowing enterprises to quickly change the state of those endpoints, CIOs, CISOs and IT managers can do everything from proactively identifying and fixing issues to fending off professional grade security attacks.
Alex Plant, 415-786-3451
Venture Capital Database