Tines raises $26M Sequence B for its no-code safety automation platform – TechCrunch
Tines, a no-code automation platform co-founded by two senior cybersecurity operators, right this moment introduced that it has raised a $26 million Sequence B funding spherical led by Addition. Current traders Accel and Blossom Capital participated on this spherical, which additionally consists of strategic investments from CrowdStrike and Silicon Valley CISO Investments. After this spherical, which brings the full funding within the firm to $41.1 million, Tines is now valued at $300 million.
Provided that Tines co-founders Eoin Hinchy and Thomas Kinsella have been each in senior safety roles at DocuSign earlier than they left to begin their very own firm in 2018, it’s possibly no shock that the corporate’s platform launched with a robust give attention to safety operations. As such, it combines safety orchestration and robotic course of automation with a low-code/no-code consumer interface.
“Tines is on a mission to permit frontline workers to give attention to extra business-critical duties and enhance their wellbeing by lowering the burden of ‘busy work’ by serving to automate any handbook workflow and making present groups extra environment friendly, efficient, and engaged,” the corporate notes in right this moment’s announcement.
The concept right here is to free analysts from spending time on routine repetitive duties and permit them to give attention to these areas the place they will have probably the most influence. The instruments options pre-configured integrations with quite a lot of enterprise and safety instruments, however for extra subtle customers, it additionally options the power to hook into just about any API.
The corporate argues that even non-technical workers ought to have the ability to be taught the ins and outs of its platform inside about three hours (sidenote: it’s good to see a no-code platform acknowledge that customers will truly must spend a while with it earlier than they will change into productive).
“If software program is consuming the world, automation is consuming the enterprise,” Hinchy stated. “But, nearly all of progress on this area nonetheless requires non-technical groups to rely upon software program engineers to implement their automation. Different platforms are typically both too exhausting to make use of, not versatile sufficient or not sufficiently sturdy for mission-critical workflows like cybersecurity. Tines empowers enterprise groups to automate any of their very own handbook workloads independently, making their jobs extra rewarding whereas concurrently delivering monumental worth for his or her organizations.”
Present Tines prospects embrace the likes of Field, Canva, OpenTable and Sophos.
The corporate, which was based in Dublin, Eire and lately opened an workplace in Boston, plans to make use of the brand new funding to double its 18-person crew with a purpose to help its product progress.
“Tines has rapidly established itself as a market chief in enterprise automation,” stated Lee Fixel, founding father of Addition. “We look ahead to supporting Eoin and the Tines crew as they proceed to scale the enterprise and improve their product — which is beloved by their unmatched buyer base.”