Tanium Revenue, Valuation, Funding & Investors
Tanium is valued at $9B as of October 2020, a 15.0x revenue multiple. Tanium revenue was $600M, as disclosed with its latest round.
Last Tanium valuation
$9B
Undisclosed stage · Oct 2020
Last Tanium funding round
$150M
Undisclosed stage · Oct 2020
Tanium revenue
$600M
Undisclosed stage · Oct 2020
Key investors in Tanium
Andreessen Horowitz
TPG
T. Rowe Price
IVP
Baillie Gifford
Salesforce Ventures
About Tanium
Tanium is a Kirkland-headquartered platform for real-time endpoint security and management across millions of devices. It enables IT teams in enterprises and governments to query operating systems, applications, and hardware states instantly. Founded in 2007, Tanium serves clients like the US Department of Defense, JPMorgan Chase, and Walmart from data centers in the US and Europe.
Founded
2007
HQ
Seattle, WAWebsite
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Subscription
Revenue
$600M (Oct 2020)
Valuation
$9B (Oct 2020)
Tanium Valuation
Tanium is currently valued at $9B, based on its undisclosed-stage round in October 2020.
The $150M round included Baillie Gifford, Fidelity and T. Rowe Price.
Tanium's valuation has grown 10x from $900M at its Series E in May 2014 to $9B in October 2020, across 8 priced rounds.
Tanium valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Oct 2020 | Undisclosed stage | $9B | 15.0x |
| Jun 2020 | Undisclosed stage | $9B | 12.9x |
| Oct 2018 | Undisclosed stage | $6.7B | 29.1x |
| May 2018 | Secondary | $5B | 21.7x |
| May 2017 | Secondary | $3.8B | 5.4x |
| Sep 2015 | Series G | $3.5B | - |
| Mar 2015 | Series F | $1.8B | - |
| May 2014 | Series E | $900M | - |
Tanium Revenue
Tanium's latest recorded revenue is $600M, as of its undisclosed-stage round in October 2020. At a $9B valuation, that implies a 15.0x revenue multiple.
Revenue moved from $700M in May 2017 to $600M in October 2020, while the revenue multiple moved from 5.4x to 15.0x.
Tanium revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Oct 2020 | $600M | $9B | 15.0x | Undisclosed stage |
| Jun 2020 | $700M | $9B | 12.9x | Undisclosed stage |
| Oct 2018 | $230M | $6.7B | 29.1x | Undisclosed stage |
| May 2018 | $230M | $5B | 21.7x | Secondary |
| May 2017 | $700M | $3.8B | 5.4x | Secondary |
* 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.
Tanium Funding History
Tanium has raised a total of $741M across 6 funding rounds, plus 2 secondary share sales.
Tanium's first fundraising round was a $90M Series E in May 2014. The most recent completed round was a $150M undisclosed-stage round in October 2020.
Tanium funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2020 | Undisclosed stage | Baillie Gifford; Fidelity; T. Rowe Price | $150M | $9B | Tanium is a privately-held endpoint management and cybersecurity platform founded in 2007 that provides unified operations and security capabilities. The company's platform enables organizations to discover assets, manage endpoints, identify vulnerabilities, and respond to threats across computing environments in real time. In fiscal year 2019 (ending January 31, 2020), Tanium reported revenue exceeding $430 million, growing over 50% year-over-year, with double-digit adjusted EBITDA and operating cash flow margins. By November 2020, CEO Orion Hindawi stated the company was on track to book $600 million in revenue for its fiscal year ending January 2021, reflecting continued strong growth momentum. Tanium's customer base includes over half of the Fortune 100, a majority of top global banks and retailers, four branches of the US Armed Forces, and manages approximately 25 million computing endpoints globally. The company raised $150 million in its Series H round on June 24, 2020, from investors including Baillie Gifford, Fidelity, and T. Rowe Price, alongside earlier funding from Salesforce Ventures, positioning it as a high-growth cybersecurity unicorn in the endpoint management space. |
| Jun 2020 | Undisclosed stage | Salesforce Ventures (lead); SharesPost Investment Management | $117M | $9B | Tanium is a unified endpoint management platform that simplifies protection and monitoring of employee devices across organizations. The company's software uses linear chain management to collect real-time data from endpoints without degrading performance as organizations scale. Tanium announced a strategic investment from Salesforce Ventures in June 2020 that brought the company to a $9 billion post-money valuation. While the exact round size was not initially disclosed by Tanium, sources including CNBC and CRN reported the investment at approximately $117.2 million. This funding was part of a broader strategic partnership agreement between Salesforce and Tanium to develop an integrated employee service management product. The June 2020 round included participation from existing investors Fidelity Management & Research Company, Baillie Gifford, T. Rowe Price Associates, and other backers. Tanium had previously raised $900 million across multiple funding rounds, with earlier investors including Andreessen Horowitz, TPG Growth, IVP, and T. Rowe Price. The company's founders and leadership, including co-founder and CEO Orion Hindawi, had deliberately chosen to remain private despite the substantial capital raised, viewing the private company structure as a long-term strategic advantage rather than a deficiency relative to public markets. |
| Oct 2018 | Undisclosed stage | Wellington Management (lead); Baillie Gifford; Adage Capital Management | $200M | $6.7B | Tanium is an enterprise cybersecurity and systems management platform launched in 2007, enabling real-time visibility, control, and management of millions of endpoints for large organizations, including over half the Fortune 100, top US banks, retailers, and the US Department of Defense. The company provides business resilience against disruptions through its speed, scale, and simplicity in securing and IT operations. In October 2018, Tanium raised $200 million in a common stock sale led by Wellington Management, with participation from Baillie Gifford & Company and Adage Capital Management LP, following a $175 million round five months earlier at a $5 billion valuation. This brought total funding to nearly $800 million from investors like Andreessen Horowitz, IVP, T. Rowe Price, and Citi Ventures. The round set a pre-money valuation of $6.5 billion, providing liquidity for early investors and employees while supporting general corporate purposes; the company was rumored to consider an IPO but opted for this secondary-focused raise instead. Tanium emphasized its financial strength, reporting $320 million in cash and equivalents, positive operating cash flow of $25 million, billings over $270 million (up over 60% YoY), and ARR of approximately $230 million (up over 80% YoY) as of fiscal year-end January 31, 2018. Net renewal rates exceeded 150%, underscoring strong customer retention in its subscription-based model. Tanium competes in the endpoint security market against players like CrowdStrike, Carbon Black, and Cylance, differentiating through its one-stop-shop platform used by clients such as Target, Barclays, and the US Air Force. Despite aggressive expansion, it maintained profitability and cash flow positivity, a rarity for high-growth cybersecurity startups, which likely contributed to the steep $6.5 billion valuation. The funding solidified its position amid rapid 2018 growth in cash flow, billings, and revenue trends. |
| May 2018 | Secondary | TPG (lead); IVP; T. Rowe Price; Andreessen Horowitz | $175M | $5B | Tanium is an endpoint security and systems management platform that collects and processes billions of metrics across enterprise endpoints in real-time, enabling organizations to identify endpoint state changes and respond to operational issues and cybersecurity threats within seconds. In May 2018, Tanium raised $175 million in a Series E funding round that valued the company at $5 billion. The round included participation from Andreessen Horowitz, IVP, T. Rowe Price, and TPG, with TPG leading the investment. The capital was used to support the company's expansion and growth initiatives. As of its fiscal year ended January 31, 2018, Tanium reported approximately $230 million in Annual Recurring Revenue, representing over 80% year-over-year growth, along with positive operating cash flow of $25 million and approximately $320 million in cash and equivalents. The company served hundreds of the world's largest enterprises, including over half of the Fortune 100, and had grown to over 800 team members since its founding in 2007. |
| May 2017 | Secondary | TPG (lead) | $100M | $3.8B | Tanium is a cybersecurity company providing endpoint protection, management, and visibility solutions to large enterprises, government agencies, banks, and retailers. In May 2017, Tanium raised $100 million in a sale of common stock led by TPG Growth, with participation from Institutional Venture Partners and other existing investors. The round set the company's post-money valuation at $3.75 billion and provided liquidity to early employees and a founder, rather than primary capital for growth. Prior to the transaction, Tanium had raised approximately $307 million across earlier rounds, including a $150 million investment in 2015 at a $3.65 billion post-money valuation led by Andreessen Horowitz and others. The company maintained a strong balance sheet with over $300 million in cash and investments, over 100% revenue growth in fiscal 2016 (ended January 31, 2017), positive operating cash flow, and nearly 100 new enterprise customers added that year. Tanium's platform enables real-time scanning and management of millions of endpoints across networks, addressing vulnerabilities and IT operations challenges. The 2017 funding reinforced its position as the world's most valuable private security startup at the time, amid plans for international expansion and potential IPO preparation. |
| Sep 2015 | Series G | Putnam Premier IT (lead); Geodesic Capital (lead); IVP (lead); TPG (lead); T. Rowe Price; Andreessen Horowitz | $120M | $3.5B | Tanium, an endpoint security and IT systems management company founded in 2007 by Orion Hindawi and his father David Hindawi, raised $120 million in its third funding round announced on September 3, 2015, from investors including TPG Capital, T. Rowe Price, Institutional Venture Partners (IVP), and Andreessen Horowitz. This round valued the company at $3.5 billion, positioning it as the world's highest-valued security startup at the time. The funding came amid heightened investor interest in cybersecurity, following Tanium's earlier $142 million raised in two rounds the previous year from Andreessen Horowitz. The company had over $250 million in cash reserves post-round and had been profitable since 2012, with revenue growing 200% year-over-year. Tanium emphasized financial stability, with CTO Orion Hindawi noting confidence in repaying investors on the unicorn valuation and minimal burn rate concerns. In the competitive endpoint security market, Tanium vied with players like CrowdStrike, which raised $100 million earlier that year, and Illumio, which secured $100 million. The round was noted as the third-largest single-round raise for a security startup, behind AVG Technologies' $200 million in 2009 and Lookout's $150 million. Subsequent reports in August 2015 mentioned a $2.5 billion valuation target for a new round, but the confirmed $3.5 billion applied to this investment. |
| Mar 2015 | Series F | Andreessen Horowitz (lead); Citi Ventures | $64M | $1.8B | Tanium develops endpoint management and security software, providing IT admins a single console for real-time visibility, control, patching, and threat detection across large networks. It targets enterprises and government with 20,000+ endpoints, serving 7 of top 10 banks, 3 of top 5 retailers, DoD, and retailers like Target and Amazon. The platform excels in software license management and vulnerability patching, driving word-of-mouth sales with no marketing spend. A subsequent $120M round in September 2015 valued Tanium at $3.5 billion post-money, led by TPG, IVP, and T Rowe Price, with Andreessen Horowitz participating. Around mid-2015, Tanium reported >250% YoY growth in billings, bookings, and revenue, cash-flow positive, and substantial cash reserves post-funding (over $250M by September). Later data shows $700M revenue in 2024. Company remained profitable since 2012 with strong federal interest post-OPM hack. |
| May 2014 | Series E | Andreessen Horowitz (lead) | $90M | $900M | Tanium is an enterprise security and systems management platform that enables IT teams to control entire networks using a search engine-like interface with natural language queries. Founded in 2007 by David and Orion Hindawi, the father-son duo previously built BigFix, acquired by IBM for a reported $400 million in 2010. Prior to the May 2014 round, Tanium operated profitably without significant venture capital, raising only $812,000 in seed funding, focusing on product development without sales or marketing for five years while serving hundreds of large enterprise customers in banking, finance, telecom, and retail, including dozens in mission-critical global deployments. Board partner Steven Sinofsky, former Microsoft Windows head, highlighted the company's innovation in endpoint management. Tanium was already cash flow positive and debt-free by end-2014, with total cash exceeding $100 million after the investment. The 2014 round fueled rapid growth: Tanium quadrupled year-over-year total billings and headcount, added Fortune 1000 customers including five of the top 10 US banks and four of the top 10 retailers, with 50 Fortune 100 in production use. Deal metrics surged, with transactions over $1 million up 800% and over $5 million up 300%. In March 2015, Andreessen Horowitz followed on with $52 million at a $1.75 billion valuation, supporting product R&D, hiring, and international expansion into EMEA and Asia Pacific. |
Who has invested in Tanium?
13 investors have backed Tanium across its funding rounds, including Andreessen Horowitz, TPG, T. Rowe Price, IVP, Baillie Gifford and Salesforce Ventures.
Lead investors include Salesforce Ventures, Wellington Management, TPG, Putnam Premier IT, Geodesic Capital and 2 other investors.
Tanium Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 4 | Lead | May 2014 | |
| Baltimore, MD | 3 | Participant | Sep 2015 | |
| San Francisco, CA | 3 | Lead | Sep 2015 | |
 Edinburgh | 2 | Participant | Oct 2018 | |
| San Francisco, CA | 2 | Lead | Sep 2015 | |
| San Francisco, CA | 1 | Lead | Jun 2020 | |
| United States | 1 | Lead | Sep 2015 | |
| Boston, MA | 1 | Lead | Oct 2018 | |
| Boston, MA | 1 | Participant | Oct 2020 | |
| San Francisco, CA | 1 | Lead | Sep 2015 | |
| United States | 1 | Participant | Oct 2018 | |
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Start Free TrialInvestments by Tanium
Tanium has invested in 1 company to date.
Latest investment by Tanium was on August 18th 2020. Tanium invested in Cyware in their $10M Series A round.
Latest Investments by Tanium
| Description | Cyware is a New York-headquartered provider of cyber fusion center technology. The company offers a threat intelligence platform, security orchestration automation response tool, and case management system that integrate vendor feeds for real-time threat sharing. Cyware enables collaboration among enterprises, ISACs, MSSPs, and government agencies through its CTIX platform, which aggregates indicators of compromise and automates workflows. Its solutions reduce mean time to respond by streamlining analyst tasks across siloed tools. |
| HQ Country | |
| HQ City | Jersey City, NJ |
| Deal Date | 18 Aug 2020 |
| Round | Series A |
| Raised | $10M |
| Investors | CIG Spectrum Capital; Prelude Fund; Great Road Holdings; Emerald Development Managers; Crosspoint Capital Partners |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Tanium investments and their VC round multiples. Start Free Trial | |
Tanium Competitors
Tanium competitors include listed companies like Presight AI and Affle 3i, and private ones like Together AI, Reflection.Ai, ElevenLabs and SambaNova.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | $1.1B | - | $8.3B | 7.2x | |
| New York City, NY | Private | - | - | $8B | - | |
 Warsaw | Private | $500M | - | $11B | 22.0x | |
| San Francisco, CA | Private | $100M | - | $11B | - | |
 UAE | Publicly listed | $825M | $214M | $5.7B | 5.4x | |
 India | Publicly listed | $283M | $67M | $2.4B | 7.0x |
Tanium Public Comps
Tanium is still privately-owned, but its public comps include Elastic, CommVault Systems, Presight AI, Open Text, MiniMax Group, Freshworks, Affle 3i, Beijing Ultrapower, Ncino and Haizhi.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.7B | $35M | 4.8x | 4.5x | 238.3x | 24.8x | |||
| $1.2B | $84M | 5.1x | 4.8x | 70.8x | 22.6x | |||
| $825M | $214M | 6.3x | 5.4x | 24.4x | 20.8x | |||
| $5.2B | $1.8B | 2.0x | 2.0x | 5.9x | 5.7x | |||
| $79M | ($1.9B) | 159.0x | - | (6.7x) | - | |||
| $839M | $41M | 3.1x | 2.8x | 62.6x | 10.8x | |||
| $283M | $67M | 7.7x | 7.0x | 32.5x | 30.7x | |||
| $869M | $165M | 2.2x | 2.0x | 11.8x | 10.4x | |||
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Common questions about Tanium
| When was Tanium founded? | Tanium was founded in 2007. |
| Where is Tanium headquartered? | Tanium is headquartered in Seattle, WA, United States. |
| Is Tanium publicly listed? | No, Tanium is a private, VC-backed company. |
| What is Tanium's valuation? | Tanium was last valued at $9B in its undisclosed-stage round in October 2020. |
| How much funding has Tanium raised? | Tanium has raised $741M across 6 funding rounds. |
| What was Tanium's last funding round? | Tanium's last funding round was a $150M undisclosed-stage round in October 2020. |
| Who are Tanium's investors? | Tanium's investors include Andreessen Horowitz, T. Rowe Price, TPG, Baillie Gifford, IVP, Salesforce Ventures, Putnam Premier IT, Wellington Management, Fidelity, Geodesic Capital and 3 others. |
| What is Tanium's revenue? | Tanium's latest recorded revenue is $600M (October 2020). |
| What is Tanium's revenue multiple? | Tanium's latest valuation implies a 15.0x revenue multiple ($9B valuation on $600M of revenue). |
| Which companies are comparable to Tanium? | Companies comparable to Tanium include Together AI, Reflection.Ai, ElevenLabs, SambaNova, Presight AI and Affle 3i. |
| How many companies has Tanium invested in? | Tanium has invested in 1 company, including Cyware. |
| What was Tanium's last investment? | In August 2020, Tanium invested in Cyware's $10M Series A alongside CIG Spectrum Capital, Prelude Fund, Great Road Holdings and 2 other investors. |
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