Tanium, which makes an IT management tool, just raised another $52 million from Andreessen Horowitz.
The company’s system allows IT managers to visualize their entire network and access all devices within it in real time. This not only aids IT managers in maintaining a network, but also helps them to secure it.
Andreessen Horowitz has already placed a big bet on Tanium. Last summer, the firm invested $90 million in the company. This round of funding will help the IT management startup branch out globally. Tanium has already broken ground in the U.K., Australia, and Japan. Cofounder Orion Hindawi said he wants Tanium to be operating in 15 markets by the end of the year.
The company boasts big growth. It said that it quadrupled both its staff and its billings in the past year, ending the year with over $100 million in cash. Most of the growth is coming from the banking and health care industry, according to Hindawi.
June 5th: The AI Audit in NYC
Join us next week in NYC to engage with top executive leaders, delving into strategies for auditing AI models to ensure fairness, optimal performance, and ethical compliance across diverse organizations. Secure your attendance for this exclusive invite-only event.
“Out of the top ten banks, we now have six,” he said. Hindawi also noted that retailers are increasingly interested in Tanium’s technology, largely due to the number of hacks the industry suffered last year.
To date the Emeryville, California-based company has raised $142 million in venture funding.
