Tanium Secures Additional $52 Million Investment From Andreessen Horowitz
Emeryville, Calif., March 30, 2015 – Tanium, the company that has redefined security and systems management, today announced that Andreessen Horowitz invested an additional $52 million in the company. This subsequent investment in Tanium is a follow-up to Andreessen Horowitz’s initial financing of $90 million in May 2014 and constitutes one of its largest investments to-date. This additional investment is a further vote of confidence in the company’s growth potential, driven by explosive market demand for Tanium and its groundbreaking approach to endpoint security and systems management.
“Given their superb team, amazing growth, and unparalleled innovation, we could not be more happy for the opportunity to deepen our investment in this amazing company.”
2014 was a banner year of growth for Tanium:
- Quadrupled growth in total billings and number of employees year-over-year
- Added a number of Fortune 1000 companies to its customer roster, which now includes five of the top 10 US banks and four of the top 10 US retailers. Fifty of the Fortune 100 now use Tanium in a production environment
- Increased the number of transactions over $1 million by 800%, and the number of transactions over $5 million by 300% year-over-year
- Ended 2014 cash flow positive, debt free, with total cash in excess of $100 million
In 2015, Tanium will focus its growth efforts on continued product innovation and research and development, as well as expansion of field operations to support the Global 2000 customer segment, with specific emphasis on international expansion in EMEA and Asia Pacific.
“Tanium’s magic innovation uniquely positions the company at the modern crossroads of systems management and security. Tanium’s platform reimagines these categories and adds a new level of value and capability to forward-leaning IT teams,” said Steven Sinofsky, partner at Andreessen Horowitz. “Given their superb team, amazing growth, and unparalleled innovation, we could not be more happy for the opportunity to deepen our investment in this amazing company.”
“We started Tanium in 2007 with the goal of re-inventing how organizations secure and manage their endpoints, which have quickly become the most business critical – and vulnerable – IT assets. With Tanium, even the world’s largest organizations can achieve 15-second visibility and control over every endpoint, even across the largest networks,” said Orion Hindawi, co-founder and CTO at Tanium. “The ability to execute on this explosive market demand – while remaining cash flow positive – is a testament to our company, our people and our technology. We thank the entire Andreessen Horowitz team for their vote of confidence as we prepare for another year of record growth and deliver on our vision to become the platform that every enterprise on the planet will use to communicate with all of the IT assets they own.”
Today, Tanium also announced the availability of the Tanium Endpoint Platform 6.5, including a series of new and enhanced capabilities that provide security and IT operations teams with 15-second visibility and control over every endpoint to detect and remediate threats and issues across millions of endpoints in seconds – more than 10,000 times faster than any other endpoint tool.
For more information, visit https://www.tanium.com/.
Tanium offers a unified endpoint management and security platform that is built for the world’s most demanding IT environments. Many of the world’s largest and most sophisticated organizations, including more than half of the Fortune 100, top retailers and financial institutions, and four branches of the US Armed Forces rely on Tanium to make confident decisions, operate efficiently and effectively, and remain resilient against disruption. Tanium ranks 7th on the Forbes list of “Top 100 Private Companies in Cloud Computing” for 2019 and 10th on FORTUNE’s list of the “100 Best Medium Workplaces.” Visit us at www.tanium.com and follow us on LinkedIn and Twitter.
Tanium’s statements regarding its plans, directions and intent are subject to change or withdrawal without notice at Tanium’s sole discretion. Information regarding potential future products is intended to outline our general product direction and it should not be relied on in making a purchasing decision. Information about potential future products may not be incorporated into any contract. The information mentioned regarding potential future products is not a commitment, promise or legal obligation to deliver any material, code or functionality. The development, release and timing of any future features or functionality described for our products remains at our sole discretion.
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