Tanium Raises $100M: ‘Vote of Confidence...

Published by: https://www.sdxcentral.com
Written by: Jessica Lyons Hardcastle
Source URL: hhttps://www.sdxcentral.com/articles/news/tanium-raises-100m-vote-confidence-liquidity-event-bad-press/2017/05/

Security startup Tanium raised $100 million in a sale of common stock — a move the company billed as a “resounding vote of confidence” from the investor community, and the Wall Street Journal described as “a liquidity event for insiders following a spate of negative publicity.”

Tanium exposed customer data during a demonstration of its software last month, according to an earlier Wall Street Journal report. Around the same time Bloomberg reported an exodus of senior officials because of CEO Orion Hindawi’s “bullying management style.”

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Private equity firm TPG Growth led Tanium’s funding round, which included other existing investors IVP and Andreessen Horowitz. The company was valued at $3.65 billion before the round; Tanium said the round raised its value to $3.75 billion.

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