Fresh off the back of a $4.1 million investment in October, Tines – the Dublin-based cybersecurity automation company – is announcing it has raised a further $11 million in Series A funding led by global venture capital firm Accel. Index Ventures and Blossom Capital also participated.
Founded in 2018 by Eoin Hinchy and Thomas Kinsella, Tines makes the lives of enterprise security teams easier by equipping them with the tools they need to automate repetitive, manual tasks.
The challenges that security teams face today are well understood: understaffed teams, siloed tools, and piecemeal processes.
As a result, the speed at which teams can respond to security alerts has come under pressure. Tines helps mitigate this by automatically gathering intelligence from disparate systems to enrich and triage alerts. Their platform is intuitive and easy-to-use, without requiring any scripting or development knowledge.
Eoin 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 Accel said: “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 – customise approach positions it well to very quickly become a category leader.”
Shardul Shah from Index Ventures said: “We are delighted to support Eoin and Thomas. Their deep dedication to customers has enabled an outwardly simple solution to a complex set of problems. The need is consistent across every enterprise regardless of its sector, industry, location or language.”