Funding round
Tanium Series H+
Reported as "Series H"
Tanium, which works in autonomous IT platform development in Durham, raised $150M in a Series H+ round announced on 18 Sep 2020, at a $9.00B post-money valuation. 3 firms took part, 3 of them already investors. It is Tanium's sixth venture round on record; the one before was a Growth in Oct 2018.
$150M
Amount raised
$9.00B
Post-money valuation
3
Investors
no lead named
1.4x
Step-up from the Growth
$6.50B in Oct 2018
1.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Tanium at $9.00B after the new money, 1.4 times the $6.50B of its Growth (Oct 2018). The $150M bought investors about 1.7% of the company. It came 23 months after Tanium's Growth. It is 16% of the $929M Tanium has raised in the venture rounds on record. Tanium raised again 4 months later: a Growth round of $150M in Jan 2021.
Tanium's funding rounds
Tanium has 7 venture rounds on record. This one is highlighted.
- Series E 23 May 2014, led by Andreessen Horowitz $90M
- Series F 24 Mar 2015 $64M
- Series G 25 May 2017, led by TPG $100M$3.75B post-money
- Growth 16 May 2018, led by TPG $175M$5.00B post-money
- Growth 2 Oct 2018, led by Wellington Management $200M$6.50B post-money
- Series H+ this round 18 Sep 2020 $150M$9.00B post-money
- Growth 28 Jan 2021, led by Ontario Teachers’ Pension Plan Board $150M
Investors
Who put money in
3 firms took part; no lead investor was named.
Investors
- Fidelity Management & Research Company, LLC existing investor
- Baillie Gifford existing investor
- T. Rowe Price Associates, Inc. existing investor
Comparable rounds
How it compares
11 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 1.5 times the median. The closest in time, other companies' Series H+ rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Discord Tech Companies | 25 Nov 2020 | $100M | $7.00B | Greenoaks |
| DailyHunt Tech Companies | 31 Dec 2020 | $100M | $1.01B | Alpha Wave Global |
| Tech Companies | 18 Jun 2020 | $100M | not disclosed | Apax Partners |
| Tech Companies | 1 Jan 2021 | $10M | not disclosed | not named |
| VerSe Tech Companies | 8 Feb 2021 | $100M | not disclosed | Qatar Investment Authority and Glade Brook |
| Tech Companies | 30 Mar 2020 | $12M | not disclosed | not named |
| Olive Tech Companies | 1 Jul 2021 | $400M | $4.00B | Vista Equity Partners and Base10 Partners |
| Databricks Tech Companies | 31 Aug 2021 | $1.60B | $38.00B | Morgan Stanley |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Tanium raise in its Series H+ round?
Tanium raised $150M in its Series H+ round, announced in Sep 2020.
Which investors took part in Tanium's Series H+ round?
Fidelity Management & Research Company, LLC, Baillie Gifford and T. Rowe Price Associates, Inc..
What was Tanium's valuation at the Series H+ round?
$9.00B post-money.
How does it compare with other Series H+ rounds in Tech Companies?
11 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 1.5 times the median.
Did Tanium raise again after this round?
Yes: a Growth round in Jan 2021 of $150M.