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Tanium’s Momentum Continues: Latest Round Raises $100 Million

Emeryville, Calif., May 24, 2017 – Tanium, the company that redefined security and IT operations with the unparalleled speed and scale of its endpoint communications platform, announced today that it has raised an additional $100 million in a sale of common stock. The round was led by TPG Growth with other existing investors, including IVP. The latest round, which also brings in a new investor, raised the company’s value to $3.75 billion.

The $100 million was raised through the issuance of common stock, which is testament to the confidence the investor community has in the company’s future. Previous funding rounds in the company historically offered only preferred stock.

“Our investment in Tanium reflects our confidence in the company’s unique platform, which not only meets the IT and security needs of its business customers today, but equips them with the tools necessary for a secure and efficient future,” said Bryan Taylor, Partner at TPG.

Some of the proceeds have been used to repurchase shares from Tanium Executive Chairman and co-founder David Hindawi to enable him to fund his charitable endeavors, which are focused on early education and giving disadvantaged children a healthy start to life. The balance of the proceeds will be used to provide liquidity to early employees and early investors and for general corporate purposes.

“It’s so unusual to find a company like Tanium,” said Somesh Dash, General Partner at IVP. “Most companies in the security space lack the combination of differentiated technology with a scalable capital-efficient business model. With Tanium, we’re not only investing in a technology platform we believe in, but also a proven business model that is delivering real revenue today, with the momentum to carry it well into the future.”

With more than $300 million in cash and investments before this round, over 100% revenue growth last year, and positive operating cash flow, Tanium is in a position of strength uncommon for companies in the security and IT space. In its 2016 fiscal year, which ended January 31, 2017, Tanium added almost 100 new enterprise customers, cementing its status as an essential asset in helping the world’s largest companies and government organizations solve critical business challenges. Tanium’s clients include 12 of the top 15 US banks and 6 of the top 10 retailers. The company has strong penetration in the Fortune 100 as well as many agencies of the US Federal government.

The company’s 2017 fiscal-year roadmap includes:

  • Further investment into IT operations products and modules;
  • Deepened commitment to growth in existing sectors (federal, finance, retail, healthcare);
  • Establishing a strong presence in manufacturing and media; and
  • International growth in EMEA and APAC.

Parallel to sales, the company’s product development cadence continues to release one module per quarter, with each module addressing a new point solution market that Tanium intends to aggregate into its platform. This ambitious roadmap allows Tanium to scale with growing customer needs, while meeting market demand for its products and services.

“Investors are understandably tired of funding cybersecurity companies whose offerings have very short shelf lives as their point solution approach is nullified by the changing attack landscape,” said Tanium CEO Orion Hindawi. “Tanium is unique in our industry. In contrast to the cybersecurity-only companies, we provide an endpoint platform that allows communication for massive numbers of assets in a way enterprises have never had before, which is useful across not only security but also operations issues in IT. Because of that breadth of offering, our investors see Tanium having longevity and potential that exceeds the typical cybersecurity landscape, and we will work hard to continue proving them right by driving our platform further into both security and operations with each passing quarter.”

Tanium’s Prior Rounds

Tanium has raised a total of $407 million inclusive of the current round. The company last raised $147.5 million with the issuance of Series G preferred stock. The current investor base includes, among others:

  • Andreessen Horowitz
  • TPG Growth
  • IVP
  • T. Rowe Price
  • Franklin Templeton Investments
  • Citi Ventures
  • Geodesic Capital

This latest round comes on the heels of key leadership appointments earlier this year, including board members Maggie Wilderotter and Anthony Belfiore, COO/CFO Fazal Merchant, and CTO Chris Bream.

For more information, visit


About Tanium

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 and follow us on LinkedIn and Twitter.

About TPG

TPG Growth is the middle market and growth equity investment platform of TPG, the global private investment firm. With over $8.3 billion of assets under management, TPG Growth targets investments in a broad range of industries and geographies. TPG Growth has the deep sector knowledge, operational resources, and global experience to drive value creation, and help companies reach their full potential. The firm is backed by the resources of TPG, which has approximately $72 billion of assets under management. For more information, visit

About IVP

With $5.4 billion of committed capital, IVP is one of the premier later-stage venture capital and growth equity firms in the United States. Founded in 1980, IVP has invested in over 300 companies, 106 of which have gone public. IVP is one of the top-performing firms in the industry and has a 36-year IRR of 43.2%. IVP specializes in venture growth investments, industry rollups, founder liquidity transactions, and select public market investments. IVP investments include such notable companies as AppDynamics (CSCO), Business Insider (Axel Springer), Buddy Media (CRM), Casper, Compass, Datalogix (ORCL), Domo, Dropbox, Dropcam (GOOG), Fleetmatics (FLTX), GitHub, HomeAway (AWAY), The Honest Company, Kayak (PCLN), Klarna, LegalZoom, LifeLock (LOCK), Marketo (MKTO), Mindbody (MB), MySQL (ORCL), Netflix (NFLX), Omniture (ADBE), Personal Capital, Pure Storage (PSTG), Slack, Snap (SNAP), SoFi, Supercell (SoftBank), Synchronoss (SNCR), Tanium, Twitter (TWTR), Yext (YEXT), and Zynga (ZNGA). For more information, visit or follow IVP on Twitter: @ivp.


This press release shall not constitute an offer to sell or a solicitation of an offer to buy shares of Tanium’s capital stock, nor shall there be any sale of Tanium’s capital stock in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. The extent to which Tanium repurchases its shares, and the timing of such repurchases, will depend upon a variety of factors, including regulatory requirements and other corporate considerations.

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.

Media Contacts

Brooke Hamilton
[email protected]
+44 7909 525099

Brands2Life, for Tanium
[email protected]
+1 (415) 610 7500