Tanium, backed by Salesforce Ventures, quietly raises funding round

The cybersecurity firm Tanium is quietly raising $200 million in funding and has sold $150.5 million in securities to investors, according to a SEC Form D filed on Monday. It’s unclear if the filing accounts for a “significant investment” from Salesforce Ventures that was announced in June. At the time, […]

  • The cybersecurity firm Tanium is quietly raising $200 million in funding and has sold $150.5 million in securities to investors, according to a SEC Form D filed on Monday.
  • It’s unclear if the filing accounts for a “significant investment” from Salesforce Ventures that was announced in June. At the time, Tanium did not disclose how much funding it raised in that round, only that it brought the company to a $9 billion valuation.
  • In September, Tanium brought on former Ford CEO Mark Fields as its lead board member as it transitioned to 5G.
  • Do you work at Tanium? Got a tip? Contact this reporter via email at [email protected], Signal at 646-376-6106, Telegram at @rosaliechan, or Twitter DM at @rosaliechan17. (PR pitches by email only, please.) Other types of secure messaging available upon request.
  • Visit Business Insider’s homepage for more stories.

Tanium, one of the most valuable cybersecurity companies in the industry, is quietly raising a round of funding that could total as high as $200 million, according to a public filing. 

Tanium, founded in 2007 by the father and son team David and Orion Hindawi, said it sold about $150.5 million out of $200 million in securities offered to a total of 26 investors, according to a Securities and Exchange Commission Form D filed on Monday. The filing was first spotted by CRN’s Joseph Kovar.

It’s unclear if this filing accounts for a “significant investment” from Salesforce Ventures that was announced in June. While Tanium did not disclose the size of the investment at that time, it did say that the deal valued the company at $9 billion.

The startup-funding database Crunchbase, however, pegs the size of the investment at $117.2 million. If that figure is accurate, and the filing encompasses the investment in question, it would mean that Tanium raised at least another $33 million or so in this round since June — though it’s difficult to know for sure without more details from the company itself.

Tanium declined to make CEO Orion Hindawi available for an interview. Salesforce Ventures declined to comment beyond what has already been publicly announced.

Tanium describes itself as a “unified endpoint management” platform, simplifying the process of protecting a wide variety of employee devices — which is especially important in the new era of remote work. It has seen its value soar since its last round in 2018, when the firm was valued at $6.5 billion. Tanium has now raised a total of $837.58 million, according to PitchBook. Besides Salesforce Ventures, Tanium is also backed by firms including Andreessen Horowitz and TPG.

The cloud-software giant Salesforce, the parent of Salesforce Ventures, also recently partnered with Tanium to help IT teams manage employee devices and services on their networks.

Read more: $9 billion cybersecurity startup Tanium just tapped the former CEO of Ford for its board as it gears up for 5G to ‘redefine’ how companies protect their networks

Just last month, Tanium brought on former Ford CEO Mark Fields as its lead board member to help guide the company in addressing the need to secure the many 5G wireless devices that will be added to corporate networks in the months and years to come.

Do you work at Tanium? Got a tip? Contact this reporter via email at [email protected], Signal at 646-376-6106, Telegram at @rosaliechan, or Twitter DM at @rosaliechan17. (PR pitches by email only, please.) Other types of secure messaging available upon request.

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