Tines, a no-code automation platform co-founded by two main cybersecurity operators, introduced at this time that it has launched a $ 26 million Collection B funding spherical, led by Addition. Current buyers Accel and Blossom Capital participated on this spherical, which additionally contains strategic investments from CrowdStrike and Silicon Valley CISO Investments. After that spherical, which brings the corporate’s whole funding to $ 41.1 million, Tines is now valued at $ 300 million.
Provided that Tines co-founders Eoin Hinchy and Thomas Kinsella each held senior safety roles at DocuSign earlier than beginning their very own firm in 2018, it could come as no shock that the corporate’s platform was launched with a robust give attention to safety measures. As such, it combines security orchestration and robotic course of automation with a low-code / no-code consumer interface.
“Tines is dedicated to empowering front-line employees to give attention to extra business-critical duties and enhance their wellbeing by decreasing the burden of ‘busy work’ by serving to automate guide workflows and to make current groups extra environment friendly, efficient and extra engaged. ” The corporate notes in at this time’s announcement.
That is about releasing analysts from spending time on repetitive, routine duties and permitting them to give attention to the areas the place they’ll have the best influence. The instruments provide pre-built integrations with quite a lot of enterprise and safety instruments. For extra demanding customers, nonetheless, it additionally provides the choice of integrating into virtually any API.
The corporate argues that even non-tech staff ought to have the ability to study the professionals and cons of their platform in about three hours (aspect be aware: it is good to see a no-code platform recognizing that customers really having to spend a while doing it could actually grow to be productive)
“If software program eats the world, automation eats the corporate,” stated Hinchy. “Many of the advances on this space, nonetheless, require non-technical groups to depend on software program builders to implement their automation. Different platforms are typically both too tough to make use of, not versatile sufficient, or not strong sufficient for mission-critical workflows like cybersecurity. With Tines, enterprise groups can automate their very own guide workloads independently, making their jobs extra rewarding whereas including large worth to their enterprise. “
Tines’ present clients embody Field, Canva, OpenTable and Sophos.
The corporate, which was based in Dublin, Eire and lately opened an workplace in Boston, plans to make use of the brand new funding to double its workforce of 18 to help product development.
“Tines has rapidly established itself because the chief in enterprise automation,” stated Lee Fixel, founding father of Addition. “We look ahead to serving to Eoin and the Tines workforce proceed to scale their enterprise and enhance their product – which is cherished by their unmatched buyer base.”