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Tanium Announces a Mega $150 Million Funding Round


Security

Tanium Announces a Mega $150 Million Funding Round

The California-based provider of unified endpoint management and security solutions, Tanium, has announced an additional funding of $150 million. Fidelity Management & Research Company, LLC, Baillie Gifford, their respective affiliates, and funds and accounts advised by T. Rowe Price Associates, Inc. participated in the financing.

The total funding raised by the company comes up to over $900 million post the fresh injection of funds. The company’s valuation stands at over $9 billion now.

“Tanium has pioneered a fundamentally different approach to the management and protection of endpoints by unifying operational visibility, security controls, and risk management,” said James Anderson, Partner at Baillie Gifford. “This transformative approach is driven by a fantastic leadership team that we have grown to deeply admire, with a proven track record of category creation and execution at scale. We are pleased to extend our investment in Tanium.”

The latest funding comes soon after a strategic partnership with Salesforce and an investment from Salesforce Ventures in June 2020. In August, Tanium also announced a major partnership with Google Cloud and integration with Chronicle. Mark Fields, former CEO of Ford Motor Company, has been announced as the lead independent director of its Board.   


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