Business, Investments

Andreessen Horowitz Invests USD 90M in IT Management Tool Tanium

Berkeley, California-based a security and systems management solution provider, Tanium has secured USD 90 million in its first venture funding at a valuation of USD 900 million. The round was led by Silicon Valley-based venture capital firm Andreessen Horowitz. It aims to utilize the raised funds for product development and expansion. 

Tanium was launched in 2007 and provides networks solutions for enterprises and its customers. It also offers client-server architecture services that allows real-time data collection at enterprise scale. Earlier, it had raised USD 812.5K in an unknown round.

Till date, Andreessen Horowitz has invested in 294 companies and closed 4 deals this year such as USD 44 million in Instacart, USD 75 million in Okta and USD 10.5 million in Mesosphere. It is a USD 2.5 billion venture capital firm that was launched on July 6, 2009. Currently, the firm is having 32 members in its team.

Andreessen partner Steven Sinofsky wrote in a blog post “In practice, the Tanium team accomplished nothing short of a complete rethinking of how IT pros manage, secure, and maintain the endpoints in their network — every node on the network can now be interrogated, managed, updated, and secured, instantly from a browser.” 

Also Read: Thoughtspot raises USD 30 million in Series B

Business wire says: Tanium offers a new approach to systems and security management with a completely new communications architecture that addresses the unique challenges posed by modern enterprise networks. By collecting and processing billions of metrics across endpoints in real-time, and allowing enterprises to rapidly change the state of those endpoints, IT managers using Tanium can do everything from proactively identifying and fixing operational issues, to fending off professional-grade security attacks.

“Enterprise networks have grown exponentially during the last decade while the technology to secure and manage these systems has stagnated. The result is that simple, preventable issues result in debilitating outages and attacks cannot be identified or managed until it’s too late,” said Orion Hindawi, co-founder and CTO of Tanium. “By completely rethinking how IT professionals manage, secure and maintain the end points in their network Tanium gives them the ability to interrogate, manage update and secure their systems in a fraction of the time.”

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