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- Tailscale
Tailscale Revenue, Valuation, Funding & Investors
Tailscale is valued at $1.5B as of April 2025, a 78.9x multiple on its last reported $19M revenue.
Last Tailscale valuation
$1.5B
Series C · Apr 2025
Last Tailscale funding round
$165M
Series C · Apr 2025
Tailscale revenue
$19M
Series C · Apr 2025
Key investors in Tailscale
Uncork Capital
Heavybit
Accel
Insight Partners
CRV
Inovia Capital
About Tailscale
Tailscale is a Toronto-headquartered software-defined networking service that creates secure private networks via the WireGuard protocol for teams and enterprises. Launched in 2019, it enables peer-to-peer mesh connections across devices on Windows, macOS, Linux, iOS, Android, and supports Kubernetes clusters on AWS, GCP, and Azure. The platform authenticates users through providers like Okta, Google Workspace, and integrates zero-trust access controls without VPN gateways. Tailscale serves over 100,000 organizations, including GitLab and Stripe, reducing setup time to minutes and latency by bypassing centralized servers.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$19M (Apr 2025)
Valuation
$1.5B (Apr 2025)
Tailscale Valuation
Tailscale is currently valued at $1.5B, based on its Series C in April 2025.
The $165M round was led by Accel, with participation from Heavybit, George Kurtz, Uncork Capital, Anthony Casalena, Insight Partners and 1 other investor.
Tailscale's valuation has grown 1.5x from $1B at its Series B in May 2022 to $1.5B in April 2025, across 2 priced rounds.
Tailscale valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Apr 2025 | Series C | $1.5B | 78.9x |
| May 2022 | Series B | $1B | - |
Tailscale Revenue
Tailscale's latest recorded revenue is $19M, as of its Series C in April 2025. At a $1.5B valuation, that implies a 78.9x revenue multiple.
Tailscale revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Apr 2025 | $19M | $1.5B | 78.9x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Tailscale Funding History
Tailscale has raised a total of $280M across 4 funding rounds.
Tailscale's first fundraising round was a $3M seed round in April 2020. The most recent completed round was a $165M Series C in April 2025.
Tailscale funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2025 | Series C | Accel (lead); Heavybit; George Kurtz; Uncork Capital; Anthony Casalena; Insight Partners; CRV | $165M | $1.5B | Tailscale, a Toronto-based provider of VPN software using mesh networking technology powered by WireGuard, enables secure, identity-first networking for hybrid, remote, and cloud environments. The company serves leading AI firms like Perplexity, Cohere, Groq, Mistral, and Hugging Face, as well as enterprises including SAP, Instacart, Telus, Motorola, and Duolingo, addressing challenges in connecting GPUs across clouds and securing distributed workloads. On April 8, 2025, Tailscale raised $160 million USD ($230 million CAD) in its Series C funding round, led by Accel, with participation from CRV, Insight Partners, Heavybit, Uncork Capital, and angels George Kurtz (CrowdStrike CEO) and Anthony Casalena (Squarespace CEO). Sources report post-money valuations of $1.5 billion USD (Traded.co, Bloomberg), $1.45 billion USD (BankInfoSecurity), or approximately $2 billion CAD (NCFA Canada), doubling the prior $778-780 million valuation from the May 2022 Series B. The funds will expand engineering and product teams, accelerate global go-to-market efforts, enhance support for scaling customers, and invest in AI infrastructure, backward compatibility, and free tier support. This brings total funding to $275 million across seed ($3M, 2020), Series A ($12M, 2020), Series B ($100M, 2022), and Series C. Tailscale's growth reflects surging demand for its zero-config networking solution amid AI and enterprise shifts to distributed systems, despite all investors being U.S.-based for this Canadian firm. |
| May 2022 | Series B | CRV (lead); Insight Partners (lead); Heavybit; Cyber Mentor Fund; Emilio Escobar; Flex Capital; Uncork Capital; Accel | $100M | $1B | Tailscale is a Toronto-based provider of corporate VPN software using mesh networking technology built on WireGuard and Google's BeyondCorp approach, enabling secure and simplified remote network access. The company raised $100 million in its Series B round in May 2022, led by CRV and Insight Partners, with participation from investors including Accel, Heavybit, Uncork Capital, Flex Capital, Cyber Mentor Fund, and Emilio Escobar. Sources report post-money valuations for this round ranging from $778 million to $1 billion, motivated by hiring top engineering talent, expanding product-led growth, scaling go-to-market initiatives, and driving enterprise adoption. This Series B followed earlier rounds: a $3 million seed in April 2020 led by Heavybit and Uncork Capital, and a $12 million Series A in November 2020 led by Accel, focusing on building the initial product, expanding the engineering team, and launching enterprise features. Tailscale's traction included growing enterprise and global usage at the time of the Series B. Subsequently, Tailscale raised a Series C round of $160 million USD ($230 million CAD) in April 2025 led by Accel, with participation from CRV, Insight Partners, Heavybit, Uncork Capital, and angels George Kurtz (CrowdStrike CEO) and Anthony Casalena (Squarespace CEO), achieving a post-money valuation of approximately $1.45 billion USD. The company reported over 100% year-over-year ARR growth and a 20% increase in paid business clients since January 2025, with 150 employees, but declined acquisition interest. Total funding across rounds reached around $275 million USD by 2025. |
| Nov 2020 | Series A | Accel (lead); Heavybit; Uncork Capital | $12M | - | Tailscale raised $12 million in its Series A round in November 2020, led by Accel, with participation from Heavybit and Uncork Capital. The funding aimed to build distributed networks for distributed teams and expand the engineering team to launch enterprise features. This followed a $3 million seed round in April 2020 led by Heavybit and Uncork Capital to develop its WireGuard-based mesh VPN using Google’s BeyondCorp approach for secure remote network access. Tailscale provides a zero-configuration VPN that simplifies secure access to network services across devices. The company, founded in 2019 and headquartered in Toronto, Canada, targets both individuals and teams in cybersecurity and developer tools. |
| Apr 2020 | Seed | Heavybit (lead); Inovia Capital; Uncork Capital; Stephanie Schatz | $3M | - | Tailscale raised $3 million in its Seed round in April 2020, led by venture capital firm Heavybit with participation from Uncork Capital. The company offers a zero-configuration VPN solution that simplifies secure network access for remote teams and distributed infrastructure. Financial details including post-money valuation, revenue, and EBITDA from the Seed round were not publicly disclosed. The company later achieved a $1 billion valuation in its Series B round in May 2022. |
Who has invested in Tailscale?
12 investors have backed Tailscale across its funding rounds, including Uncork Capital, Heavybit, Accel, Insight Partners, CRV and Inovia Capital.
Lead investors include Accel, CRV, Insight Partners and Heavybit.
Tailscale Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Apr 2020 | ||
| 4 | Participant | Apr 2020 | ||
| 3 | Lead | Nov 2020 | ||
| 2 | Lead | May 2022 | ||
| 2 | Lead | May 2022 | ||
| 1 | Participant | Apr 2025 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | Apr 2020 | ||
This data is available for Pro users. Sign up to see all 12 Tailscale investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Tailscale
Tailscale has acquired 1 company to date.
Last acquisition by Tailscale was on March 16th 2026. Tailscale acquired Border0 for undisclosed valuation.
Latest Acquisitions by Tailscale
| Description | Border0 runs a platform for secure, seamless connections that enhance productivity and innovation. |
| HQ Country | |
| HQ City | Bogotá |
| Deal Date | 16 Mar 2026 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Tailscale acquisitions and their M&A valuation multiples. Start Free Trial | |
Tailscale Competitors
Tailscale competitors include listed companies like DPtech, Progress Software, A10 Networks and NetScout Systems, and private ones like Solo.io and Cato Networks.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $182M | $25M | $1.4B | 4.9x | ||
| Publicly listed | $978M | $302M | $1.7B | 2.9x | ||
| Publicly listed | $291M | $62M | $2B | 5.7x | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $859M | $163M | $2.9B | 2.6x | ||
| Private | $300M | - | $4.8B | 16.0x |
Tailscale Public Comps
Tailscale is still privately-owned, but its public comps include CloudWalk, Secunet, DPtech, Progress Software, Richinfo Technology, Radware, Red Violet, Eastcompeace Tech, CETC Cyberspace Security and A10 Networks.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $75M | ($75M) | 18.8x | 19.1x | (18.7x) | - | |||
| $528M | $86M | 2.8x | 2.6x | 17.3x | 16.3x | |||
| $182M | $25M | 5.3x | 4.9x | 39.0x | - | |||
| $978M | $302M | 3.0x | 2.9x | 9.6x | 7.3x | |||
| $273M | $51M | 4.3x | 4.6x | 22.8x | 18.3x | |||
| $302M | $20M | 3.6x | 3.4x | 56.1x | 23.2x | |||
| $90M | $24M | 13.2x | 11.7x | 50.0x | 31.7x | |||
| $197M | $26M | 4.8x | - | 36.4x | - | |||
This data is available for Pro users. Sign up to see all Tailscale competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Tailscale
| When was Tailscale founded? | Tailscale was founded in 2019. |
| Where is Tailscale headquartered? | Tailscale is headquartered in Toronto, Canada. |
| Is Tailscale publicly listed? | No, Tailscale is a private, VC-backed company. |
| What is Tailscale's valuation? | Tailscale was last valued at $1.5B in its Series C in April 2025. |
| How much funding has Tailscale raised? | Tailscale has raised $280M across 4 funding rounds. |
| What was Tailscale's last funding round? | Tailscale's last funding round was a $165M Series C in April 2025, led by Accel. |
| Who are Tailscale's investors? | Tailscale's investors include Heavybit, Uncork Capital, Accel, Insight Partners, CRV, George Kurtz, Cyber Mentor Fund, Emilio Escobar, Flex Capital, Inovia Capital and 2 others. |
| What is Tailscale's revenue? | Tailscale's latest recorded revenue is $19M (April 2025). |
| What is Tailscale's revenue multiple? | Tailscale's latest valuation implies a 78.9x revenue multiple ($1.5B valuation on $19M of revenue). |
| Which companies are comparable to Tailscale? | Companies comparable to Tailscale include DPtech, Progress Software, A10 Networks, Solo.io, NetScout Systems and Cato Networks. |
| How many companies has Tailscale acquired? | Tailscale has acquired 1 company, including Border0. |
See companies similar to Tailscale
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