Tines Secures $26 Million in Series B Funding

Tines, a no-code automation platform established by experienced cybersecurity professionals, has announced the successful completion of a $26 million Series B funding round. This investment was spearheaded by Addition, with participation from existing investors Accel and Blossom Capital.

Strategic investments were also received from CrowdStrike and Silicon Valley CISO Investments, bringing the company’s total funding to $41.1 million. Following this round, Tines is now valued at $300 million.

Focus on Security Operations

The platform’s origins lie in the founders’ backgrounds. Eoin Hinchy and Thomas Kinsella previously held senior security positions at DocuSign before launching Tines in 2018.

Consequently, the platform initially concentrated on security operations, integrating security orchestration and robotic process automation with a user-friendly, low-code/no-code interface.

Empowering Frontline Employees

Tines aims to alleviate the burden of repetitive tasks for frontline employees. The company’s stated goal is to enable these individuals to concentrate on more impactful, business-critical activities, thereby enhancing their overall wellbeing.

This is achieved by automating manual workflows and increasing the efficiency, effectiveness, and engagement of existing teams.

Streamlining Workflows with Automation

The core concept involves freeing analysts from time-consuming, routine duties. This allows them to dedicate their efforts to areas where their expertise can yield the greatest results.

The tool offers pre-built integrations with numerous business and security applications. Furthermore, it provides the capability to connect to virtually any API for advanced users.

Ease of Use and Accessibility

Tines emphasizes user accessibility, asserting that even employees without extensive technical skills can become proficient with the platform within approximately three hours.

This acknowledgement of a learning curve distinguishes it from other no-code platforms.

The Future of Enterprise Automation

“If software is eating the world, automation is eating the enterprise,” stated Eoin Hinchy. “However, many enterprises still rely on software engineers for automation implementation.”

He further explained that existing platforms often lack the necessary usability, flexibility, or robustness for critical workflows, particularly in cybersecurity. Tines empowers teams to independently automate their manual workloads, increasing job satisfaction and organizational value.

Notable Customers and Expansion Plans

Current Tines customers include prominent organizations such as Box, Canva, OpenTable, and Sophos.

Founded in Dublin, Ireland, and with a recently established office in Boston, the company intends to utilize the new funding to expand its team. Specifically, they plan to double their current headcount of 18 employees to support product development.

Investor Confidence

Lee Fixel, founder of Addition, commented on Tines’ rapid emergence as a leader in enterprise automation. He expressed enthusiasm for supporting the company’s continued growth and product enhancement, highlighting the strong loyalty of its customer base.

Image Credits: Tines

Image Credits: Tines