Dublin cybersecurity firm Tines valued at $300m

Rathmines, Dublin-based tech company Tines allows employees to manage cybersecurity without technical skills.

Dublin tech company Tines has been valued at $300m after raising $26m in funding from some of the biggest players in backing security in Silicon Valley.

The financing was led by Addition, Blossom Capital, Crowdstrike, Silicon Valley CISO and Accel, the latter which has invested in players like Slack, Qualtrics, Facebook and Spotify.

“Our goal is to build a platform that will allow anyone, whatever their technical ability, to automate any process, regardless of complexity or objective”

Tines was founded in 2019 by Eoin Hinchy and Thomas Kinsella, cybersecurity experts who previously worked with such businesses as DocuSign and PayPal.

A secure foundation

“When we founded Tines, our ambition was to build the product we wished had been available when we worked in security teams at great companies like eBay/PayPal and DocuSign,” said Eoin Hinchy, writing in the Tines blog.

“This ambition has expanded significantly since then, due in no small part to the incredible team members who have joined us over the last 18 months.”

He added: “Tines is three years old, and we’re growing faster than ever. We’ll use this capital to support our explosive growth, to ensure that every one of our customers continues to be successful and to double down on our ambitious product vision.”

It is understood that Tines intends to double its headcount in the coming months from 18 people today. Current roles are available here

“We founded Tines to democratise automation. Our goal is to build a platform that will allow anyone, whatever their technical ability, to automate any process, regardless of complexity or objective. The last few years have given us incredible confidence that not only is this achievable, there’s also extraordinary market demand,” said Hinchy.

By John Kennedy (john.kennedy3@boi.com)

Published: 9 April 2021