11 December 2019:
Cybersecurity startup Tines has raised $11 million in Series A round of funding. The funding round was led by global venture capital firm Accel.
Index Ventures and Blossom Capital also participated in the funding round.
The startup will use the fresh capital to expedite it’ further expansion into the US and Europe. The company has started building up its commercial and engineering teams, including in-house research and development programs.
Seth Pierrepont from Accel said, “Having spent more than a decade as security operators, Eoin and Thomas have a deep understanding of and appreciation for the pain points that security teams are facing today. We believe automation has become a ‘must-have’ tool within enterprise security operations, and Tines’ easy-to -implement and -customize approach positions it well to very quickly become a category leader.”
Shardul Shah from Index Ventures said, “We are delighted to support Eoin and Thomas. Their deep dedication to customers has enabled an outwardly simple solution to a complex set of problems. The need is consistent across every enterprise regardless of its sector, industry, location or language.”
Tines was founded by Eoin Hinchy and Thomas Kinsella in 2018. It makes the lives of enterprise security teams easier by equipping them with the tools they need to automate repetitive, manual tasks.
(Image – Tines)