Irish cybersecurity firm Tines raises further $11m
Dublin-based cybersecurity automation company Times has announced the raise of $11m in Series A funding.
Founded last year by Eoin Hinchy, with Thomas Kinsella joining this year, the co-founders have worked for more than 15 years at firms including eBay, DocuSign and PayPal.
The funding round was led by global venture capital firm Accel. Index Ventures and Blossom Capital also participated.
Its platform is designed to help enterprise security teams by equipping them with the tools they need to automate repetitive, manual tasks.
In under a year, Tines has secured 10 enterprise customers including Box, Auth0 and McKesson, with companies automating on average 100 thousand actions per day.
The investment will be used to expedite Tines’ further expansion into the US and Europe. The company has started building up its commercial and engineering teams, including in-house research and development programs.
Hinchy said: “The interest we’ve had in Tines and our rate of adoption amongst the world’s leading security teams has surprised even us! Partnering with investors that have a global footprint allows us to accelerate our expansion plans across Europe and the US.”
Seth Pierrepont from investor Accel added: “Having spent more than a decade as security operators, Eoin and Thomas have a deep understanding of and appreciation for the pain points that security teams are facing today.
“We believe automation has become a ‘must-have’ tool within enterprise security operations, and Tines’ easy-to -implement and -customize approach positions it well to very quickly become a category leader.”