Security Startup Tanium Said to Reach $3.5 Billion Valuation
- Other investors join Andreessen Horowitz in funding startup
- Tanium now has enough money for the next three to five years
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Tanium Inc. raised $120 million from a consortium of investors led by TPG Capital in a funding round that values the network-security and systems-management startup at $3.5 billion, a person with knowledge of the matter said.
The financing is aimed at keeping operations going for three to five years, even if the economy were to experience a downturn, said Orion Hindawi, Tanium’s co-founder. The Emeryville, California-based company raised $52 million from Andreessen Horowitz in March, which valued the business at $1.75 billion, a person familiar with the matter said at the time. Tanium has raised $262 million to date.