Tanium Secures Additional $52 Million Investment from Andreessen HorowitzLeading venture capital firm doubles down on initial investment, looking to help further accelerate growth and support unprecedented market demand for a new approach to security and systems management
MARCH 31, 2015, EMERYVILLE, CALIF. -- 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.
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.
Tanium gives the world’s largest enterprises and government organizations the unique power to secure, control and manage millions of endpoints across the enterprise within seconds. Serving as the “central nervous system” for enterprises, Tanium empowers security and IT operations teams to ask questions about the state of every endpoint across the enterprise in plain English, retrieve data on their current state and execute change as necessary, all within seconds. With the unprecedented speed, scale and simplicity of Tanium, organizations now have complete and accurate information on the state of endpoints at all times to more effectively protect against modern day threats and realize new levels of cost efficiency in IT operations. Visit us at www.tanium.com or follow us on Twitter at @Tanium.