Total amount raised
$271.2 Millions
Latest funding date
2/1/2025
Location
Tines has successfully raised $125 million in its Series C funding round, marking a significant milestone in its financial journey. The platform is a smart, secure workflow builder designed to streamline and automate processes for security-focused teams.
Keep reading to explore the intricacies of Tines' fundraising journey and the investors backing this innovative platform.
What Is Tines?
Tines, founded in 2018 in Dublin, Ireland, is a company that specializes in building, running, and monitoring secure workflows. The platform is designed to automate processes for security-focused teams, making operations more efficient and secure.
The company was founded by Eoin Hinchy and Thomas Kinsella, who aimed to create a tool that simplifies complex workflows. Tines has grown rapidly since its inception, reflecting the increasing demand for robust automation solutions.
Currently, Tines employs over 100 people, all dedicated to enhancing the platform and supporting its diverse user base. The team continues to innovate, ensuring that Tines remains at the forefront of workflow automation technology.
How Much Funding Has Tines Raised?
- Series A
- Amount Raised: $4.1M
- Date: October 2019
- Lead Investors: Blossom Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation for the company's growth and development.
- Series A
- Amount Raised: $11M
- Date: December 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: €21.9M
- Date: April 2021
- Lead Investors: Addition
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series B
- Amount Raised: $55M
- Date: October 2022
- Lead Investors: Felicis
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and development.
- Series B Extension
- Amount Raised: $50M
- Date: April 2024
- Lead Investors: Accel, Felicis
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling the platform and expanding market reach.
- Series C
- Amount Raised: $125M
- Date: February 2025
- Lead Investors: GS Growth
- Valuation at Round: $1.125B
- Motivation Behind the Round: To accelerate AI product innovation and enhance workflow efficiency.
Total amount raised: $272M. Current valuation: $1.125B.
Key Investors
- Growth Equity at Goldman Sachs Alternatives
- Details: A division of Goldman Sachs focused on growth equity investments. Known for investing in high-growth companies across various sectors.
- Investment Focus Areas: Growth-stage companies, enterprise technology, financial technology, consumer, healthcare.
- Notable Investments: Not publicly disclosed.
- SoftBank Vision Fund 2
- Details: A venture capital fund managed by SoftBank Investment Advisers. Focuses on technology-driven companies with high growth potential.
- Investment Focus Areas: AI, robotics, telecommunications.
- Notable Investments: OpenAI, Uber, WeWork.
- Accel
- Details: A venture capital firm that invests in early and growth-stage technology companies. Known for backing companies that have become industry leaders.
- Investment Focus Areas: Technology startups, enterprise software, AI.
- Notable Investments: Facebook, Dropbox, Slack.
- Felicis
- Details: A venture capital firm that invests in early-stage technology companies. Focuses on sectors like AI, fintech, and healthcare.
- Investment Focus Areas: AI, fintech, healthcare, consumer products.
- Notable Investments: Shopify, Fitbit, Adyen.
- CrowdStrike Falcon Fund
- Details: The investment arm of cybersecurity company CrowdStrike. Focuses on cybersecurity and related technologies.
- Investment Focus Areas: Cybersecurity, technology, AI.
- Notable Investments: Not publicly disclosed.
What's Next for Tines?
As Tines looks to the future, the opportunities are vast. The company aims to become the universal orchestrator of secure workflows across enterprises, leveraging AI to drive productivity and efficiency. With a valuation of $1.125 billion and over one billion tasks automated weekly, the potential for growth is significant. The integration of large language models (LLMs) and generative AI into enterprise systems presents a substantial opportunity to enhance product offerings and expand the customer base.
Future fundraising seems likely, given the robust investor enthusiasm and the company's rapid growth. Additional funding rounds could help Tines scale its operations and continue innovating. However, challenges such as ensuring privacy and compliance, competing in a rapidly evolving market, and maintaining high levels of customer satisfaction will need to be navigated carefully. The company's focus on AI and automation positions it well for future success, but continuous innovation will be key to staying ahead.
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