Tines, a leading startup in the automation space, has announced $50 million in funding to enhance its automation platform beyond security into infrastructure, engineering, and product applications. This investment, an extension of Tines’ Series B round, was co-led by existing investors Accel and Felicis, with participation from Addition, CrowdStrike Falcon Fund, and SVCI.
Tines’ automation platform has gained traction across the IT landscape, addressing the need for managing the proliferation of services enterprises use to track data and network activity. The platform’s drag-and-drop, no-code interface allows users to create and manage workflows without technical expertise, bridging the gap between technical solutions and non-technical users.
This funding will enable Tines to expand its platform’s capabilities in infrastructure, engineering, and product, capitalizing on the growing need for workflow automation in these areas. Despite competition from established players like Splunk, Palo Alto Networks, ServiceNow, and Microsoft, Tines’ specialized and context-aware approach has resonated with customers, resulting in high satisfaction levels.
Tines’ platform covers mission-critical workflows, including security alerts, compliance alerts, employee onboarding and offboarding, and patch management. The platform provides the plumbing between these systems, allowing enterprises to streamline their IT operations and improve efficiency.
Tines’ investors recognize the platform’s potential to become a comprehensive automation solution for enterprises. Accel’s Luca Bocchio emphasizes the growing need for workflow automation due to the proliferation of security and IT tools, making Tines increasingly relevant. Tines’ focus on workflow as the missing link positions it to become a platform, not merely a service, enabling enterprises to engage with broader IT and business operations.
