Tines, a Boston and Dublin, Ireland-based company that offers a workflow platform, has raised $50 million in a Series B extension, bringing its total raised to $146.2 million.
Investors
The round was led by Accel and Felicis, with participation from Addition, CrowdStrike Falcon Fund, and SVCI.
Accel, founded in 1983, is a seed and growth-stage venture capital firm that supports a global community of entrepreneurs. It prefers to invest in early-stage companies operating in various sectors including cloud, software as a service (SaaS), consumer, enterprise, information technology, healthcare, fintech, security, media, and business products & services. The firm has additional offices in San Francisco, London, and Bangalore.
Founded in 2006, Felicis is a venture capital firm based in Menlo Park, California, that backs companies inventing the future. The firm invests in seed through Series C stage companies across multiple sectors, industries, and frontier tech.
Tines Use of Funds
The investment will allow Tines to enhance workflow automation capabilities, expand functionality for collaborative workflows, and add AI enhancements. Tines plans to continue innovating its platform based on customer feedback and expanding its presence in global enterprises, federal government, and public sector customers.
About Tines
Founded in 2018 by Eoin Hinchy and Thomas Kinsella, Tines provides a platform that enables the automation of processes and workflows, specifically designed for technical and security teams. Its platform delivers powerful automation and orchestration straight into the hands of any member of your organization. Tines brings an impact-first approach to all teams, securely running thousands of mission-critical workflows per day across a diverse range of customers, including Canva, Databricks, Elastic, Kayak, Mars, McKesson, and Oak Ridge National Laboratory.
Funding Details
Company: Tines
Raised: $50.0M
Round: Series B Extension
Funding Month: April 2024
Investors: Accel, Felicis
Additional Investors: Addition, CrowdStrike Falcon Fund, SVCI
Company Website: https://www.tines.com/
Software Category: Workflow Automation
Source: https://www.prnewswire.com/news-releases/tines-announces-50-million-in-new-financing-302124992.html