Tines Raises $50M in Series B
Tines has successfully raised $50M in a Series B at a $600M valuation led by Accel, Felicis Ventures, Index Ventures, CRV, Blossom Capital.
Company Overview
Tines is a Security Automation company headquartered in Dublin, Ireland, founded in 2018 with 300+ employees.
No-code automation for security teams
Fundraising Details
- Amount Raised: $50M
- Round Type: Series B
- Valuation: $600M
- Date: 2024-06-05
- Investors: Accel, Felicis Ventures, Index Ventures, CRV, Blossom Capital
About Tines
No-code automation for security teams The company is positioned in the Security Automation sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Dublin, Ireland
- Founded: 2018
- Team Size: 300+
- Industry: Security Automation
What This Means
This funding round demonstrates strong investor confidence in Tines's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Security Automation sector continues to attract significant investment as companies innovate to meet evolving market demands. Tines's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $600M valuation marks an important milestone for Tines, positioning the company among notable players in the Security Automation industry.
Looking Ahead
With this new capital, Tines is well-positioned to execute on its growth strategy and continue building innovative solutions in the Security Automation space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-06-05. For more information about Tines, visit their headquarters at Dublin, Ireland.
