Home technology cyber-security Tines raises another $11 million in its Series A round

Tines raises another $11 million in its Series A round

Cyber Security

CIO Bulletin
2019-12-12

In October, Tines, the security automation and orchestration company had announced that it had raised roughly $4 million in funding for its Series A round. Now, the company has announced that it has secured another $11 million to add to it.

The additional funding in the round came from Accel with participation from Index Ventures and Blossom Capital. The funding will be used to continue the work Tines has been doing to develop its cybersecurity platform. The funding will also help it expand its presence in the U.S. and Europe.

The Dublin-based startup was founded in 2018 by two DocuSign colleagues Eoin Hinchy and Thomas Kinsella. The company has done well in recent times and is known for its platform that automates manual tasks of security analysts to help focus more on the important tasks. The company was bootstrapped in October. Since last year, Tines has been able to get 10 enterprise customers onboard including McKesson, Box and Auth0.

Shardul Shah, partner at Index Ventures said: “We are delighted to support Eoin and Thomas. Their deep dedication to customers has enabled an outwardly simple solution to a complex set of problems. The need is consistent across every enterprise regardless of its sector, industry, location or language.”