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Endpoint Security Firm Tanium Valued At $3.5 Billion

Highest-valued venture-backed cybersecurity company worldwide closes $120 million venture capital round.

Endpoint security firm Tanium has sealed the deal on an additional $120 million in venture capital -- from TPG, Institutional Venture Partners (IVP), T. Rowe Price, and Andreessen Horowitz -- bringing its total venture capital to $262 million.

Tanium is now valued at $3.5 billion -- nearly twice the valuation it achieved after its last round just five months ago -- and is the highest-valued venture-backed cybersecurity company worldwide, according to CB Insights. 

The company states that half of the Fortune 100 are its customers, as well as six of the world's top banks, Target, Visa, NASDAQ, and Verizon. It released a new module for its endpoint platform in June that enhances forensic capabilities.

Read more at Reuters.