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

Tailscale Overview

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

CanadaToronto

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
Tailscale valuation by funding round
DateStageValuationRevenue Multiple
Apr 2025Series C$1.5B78.9x
May 2022Series 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

Tailscale revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Apr 2025$19M$1.5B78.9xSeries 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

Tailscale funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2025Series CAccel (lead); Heavybit; George Kurtz; Uncork Capital; Anthony Casalena; Insight Partners; CRV$165M$1.5BTailscale, 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 2022Series BCRV (lead); Insight Partners (lead); Heavybit; Cyber Mentor Fund; Emilio Escobar; Flex Capital; Uncork Capital; Accel$100M$1BTailscale 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 2020Series AAccel (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 2020SeedHeavybit (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

Investors in Tailscale by funding rounds participated
InvestorHQRoundsRoleFirst check
HeavybitUnited StatesSan Francisco, CA4LeadApr 2020
Uncork CapitalUnited StatesSan Francisco, CA4ParticipantApr 2020
AccelUnited StatesPalo Alto, CA3LeadNov 2020
Insight PartnersUnited StatesNew York City, NY2LeadMay 2022
CRVUnited StatesUnited States2LeadMay 2022
George KurtzUnited StatesSan Jose, CA1ParticipantApr 2025
Cyber Mentor FundUnited StatesSan Francisco, CA1ParticipantMay 2022
Emilio EscobarUnited StatesLos Angeles, CA1ParticipantMay 2022
Flex CapitalUnited StatesSan Francisco, CA1ParticipantMay 2022
Inovia CapitalCanadaMontreal1ParticipantApr 2020

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Acquisitions 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

Border0
Description
Border0 runs a platform for secure, seamless connections that enhance productivity and innovation.
HQ CountryColombia
HQ City
Bogotá
Deal Date16 Mar 2026
Valuationundisclosed
EV/Revenue
EV/EBITDA

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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.

Public and private companies comparable to Tailscale
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DPtechChinaChinaPublicly listed$182M$25M$1.4B4.9x
Progress SoftwareUnited StatesUnited StatesPublicly listed$978M$302M$1.7B2.9x
A10 NetworksUnited StatesUnited StatesPublicly listed$291M$62M$2B5.7x
Solo.ioUnited StatesUnited StatesPrivate--$1B-
NetScout SystemsUnited StatesUnited StatesPublicly listed$859M$163M$2.9B2.6x
Cato NetworksIsraelTel AvivPrivate$300M-$4.8B16.0x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
CloudWalk$75M($75M)18.8x19.1x(18.7x)-
Secunet$528M$86M2.8x2.6x17.3x16.3x
DPtech$182M$25M5.3x4.9x39.0x-
Progress Software$978M$302M3.0x2.9x9.6x7.3x
Richinfo Technology$273M$51M4.3x4.6x22.8x18.3x
Radware$302M$20M3.6x3.4x56.1x23.2x
Red Violet$90M$24M13.2x11.7x50.0x31.7x
Eastcompeace Tech$197M$26M4.8x-36.4x-

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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.

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