Tines Raised $26 Million in a Series B Funding Round, at a Valuation of $300 Million

Funding

Tines, a Dublin-based provider of no-code automation solutions for security and operations teams, revealed on Thursday that it had raised $26 million in a Series B funding round, valued at $300 million.

Tines’ Series B round was led by investment company Addition, bringing the total amount raised to $41 million. The company intends to expand by establishing a centre in Boston, Massachusetts.

Tines has created a platform that allows non-technical employees to automate basic, repetitive tasks in order to save time for software engineers and other technical employees.

Anyone can learn to use the software in around 3 hours, according to the company, allowing users to quickly automate processes and incorporate resources, tasks that often need technical assistance. Tines claims that its product seeks to solve problems in places where routine and low-fulfillment work makes it difficult to find and retain employees.

Security teams, for example, spend a considerable amount of time coping with the rising number of warnings they receive every day, according to the company.

Customers like Box, Coinbase, Canva, Databricks, McKesson, and OpenTable, according to Tines, use their platform to automate thousands of tasks per day.

Tines Co-founder and CEO Eoin Hinchy said, “If software is eating the planet, automation is eating the enterprise.” “However, the majority of development in this space still relies on software engineers to introduce automation for non-technical teams. For mission-critical workflows like cybersecurity, other systems are either too difficult to use, not versatile enough, or not stable enough. Tines enables corporate teams to automate some of their manual workloads on their own, making their tasks more fulfilling while still adding significant value to their organisations.”

SEE ALSO:
Canadian Data Security Startup Qohash Announced it Raised CAD 8 million in Series A funding
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