Tanium

Tanium
Private
Founded 2007
Founders
Headquarters Emeryville, California, United States
Number of employees
 500 [1]
Website www.tanium.com

Tanium is a privately held endpoint security and systems management company based in Emeryville, California. Founded in 2007 by David Hindawi and Orion Hindawi,[2] the company's platform employs a novel technology that enables visibility and control across enterprise-wide network endpoints within 15 seconds.[3][4]

The company has raised more than $300 million from investors including Andreessen Horowitz, Franklin Templeton, Geodesic Partners, Institutional Venture Partners and TPG, valuing the company at $3.5 billion in September 2015.[5][6] Tanium is Andreessen Horowitz's largest single investment to date.[7] In May 2017, Tanium raised an additional $100 million in a sale of common stock in the the round led by TPG with other existing investors, including Institutional Venture Partners and a new investor.[8] The latest round raised the company’s value to $3.75 billion.

History

The company was founded in 2007 by father and son David Hindawi and Orion Hindawi, co-founders of IT management company BigFix (acquired by IBM in 2010).[9] Orion was named CEO in February 2016,[10] and David serves as Executive Chairman.

In 2016, Tanium was ranked #13 on the Forbes Cloud 100 list.[11]

In October 2016, CEO Orion Hindawi announced that the company is planning to go public in 2017.[12]

Reception

Tanium is in use with more than half the Fortune 100, with clients including Amazon, eBay, JPMorgan Chase, Metlife, Monsanto, Nasdaq, Target, Verizon and Visa, plus the U.S. Department of Defense.[13][14][15]

The company was named to the JPMorgan Chase Hall of Innovation and was named Forbes' "Hottest Cybersecurity Startup of 2015."

Target CISO Brad Maiorino has publicly said Tanium was his "first call" when he joined Target following a 2013 Target data breach that compromised up to 40 million credit and debit card accounts.[16]

Tanium has come under fire recently for making demonstration presentations that used private network data from El Camino Hospital without their permission.[17][18]

Tanium lost nine managers between October 2016 and April 2017, the suspicion is that some were fired before they could take advantage of stock options and others left because of disagreements with management style.[19]

References

  1. ↑ "#8 Tanium on Cloud 100 Forbes List". Forbes. Retrieved August 1, 2017.
  2. ↑ Entis, Laura (2015-09-30). "All in the Family: How This Father-Son Team Built a $3.5 Billion Cybersecurity Business". Retrieved 2016-07-07.
  3. ↑ Solomon, Brian. "Meet Tanium, The Secret Cybersecurity Weapon Of Target, Visa And Amazon". Retrieved 2016-07-07.
  4. ↑ "Tanium". 2016-05-17. Retrieved 2016-07-07.
  5. ↑ "Scratch that—the world's hottest cybersecurity startup has raised $300 million to date". Fortune. 2015-09-29. Retrieved 2016-11-08.
  6. ↑ Hesseldahl, Arik (2015-09-02). "Andreessen-Backed Tanium Lands $120 Million in Round Led by TPG and IVP". Recode. Retrieved 2016-11-08.
  7. ↑ Hesseldahl, Arik (2015-03-31). "Andreessen Horowitz Invests Another $52 Million in Tanium at $1.75 Billion Valuation". Recode. Retrieved 2016-07-07.
  8. ↑ "Tanium’s Momentum Continues: Latest Round Raises $100 Million". Tanium. Retrieved 2017-08-01.
  9. ↑ "IBM Closes Acquisition of BigFix". www-03.ibm.com. 2010-07-20. Retrieved 2016-07-07.
  10. ↑ "Hotshot Cybersecurity Startup Tanium Names New CEO". Fortune. 2016-02-23. Retrieved 2016-07-07.
  11. ↑ "Forbes Cloud 100". Forbes. Retrieved 31 October 2016.
  12. ↑ "As IPO Looms, Tanium Sells Itself As More Than Cybersecurity". Forbes. 25 October 2016. Retrieved 9 June 2017.
  13. ↑ Sinofsky, Steven. "More Tanium Magic – Andreessen Horowitz". Retrieved 2016-07-07.
  14. ↑ Solomon, Brian. "Father And Son Become Billionaires With Tanium, The Hottest Cybersecurity Startup". Retrieved 2016-07-29.
  15. ↑ "Tanium CEO on cybersecurity". CNBC. Retrieved 2016-07-29.
  16. ↑ Solomon, Brian. "Meet Tanium, The Secret Cybersecurity Weapon Of Target, Visa And Amazon". Retrieved 2016-07-07.
  17. ↑ Winkler, Rolfe (2017-04-19). "Cybersecurity Startup Tanium Exposed California Hospital’s Network in Demos Without Permission". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-04-19.
  18. ↑ Gallagher, Sean (19 April 2017). "Tanium exposed hospital’s IT while using its network in sales demos". Ars Technica. Retrieved 19 April 2017.
  19. ↑ "Tanium’s Family Empire Is in Crisis". Bloomberg.com. 2017-04-13. Retrieved 2017-07-28.
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