The opening of a Boston Hub will aid the 18-person team to expand operations globally and attract world-class talent
April 8th, BOSTON, MA and DUBLIN, IRELAND – No-code security automation company Tines have raised $26M in a Series B funding round led by Addition.
The 18-person company is now valued at $300M and have now raised a total of $41.1M in total funding with follow-on funding from high level investors including Accel and Blossom Capital. They also have strategic investment from cyber security backers, CrowdStrike and Silicon Valley CISO Investments.
Tines is on a mission to allow frontline employees focus on more business critical tasks and improve their wellbeing by reducing the burden of ‘busy work’ by helping automate any manual workflow and making existing teams more efficient, effective, and engaged.
Existing customers automating their security operations include largest enterprises and the likes of Box, Canva, OpenTable and Sophos and plans on expanding its product beyond the scope of security automation in the coming year.
Tines helps companies around the globe automate mundane, repetitive tasks freeing up over-burdened engineers and analysts and allowing them to focus on more important activities. Tines does this by making it easy for non-technical employees to automate, with anyone able to learn to use the platform in approximately 3 hours. The company intends to double their team to support product growth in the coming months. Expansion of their team in the US will involve establishing a hub in Boston as they actively recruit world -class talent across multiple areas such as engineering, customer success and sales.
Emphasizing the need for organisations to implement no code solutions, Founder Eoin Hinchy says “ If software is eating the world, automation is eating the enterprise. Yet, the majority of progress in this space still requires non-technical teams to depend on software engineers to implement their automation. Other platforms are generally either too hard to use, not flexible enough or not sufficiently robust for mission-critical workflows like cybersecurity. Tines empowers enterprise teams to automate any of their own manual workloads independently, making their jobs more rewarding while simultaneously delivering enormous value for their organizations.”.
“Tines has quickly established itself as a market leader in enterprise automation,” said Lee Fixel, Founder of Addition, who has joined the board of Tines. “We look forward to supporting Eoin and the Tines team as they continue to scale the business and enhance their product – which is beloved by their unmatched customer base.”
Tines have established themselves in a software category of their own, building software to automate security workflows from the best parts of security orchestration, automation, and response, robotic process automation, and no-code/low-code engineering. By providing automatic ‘click and drag’ solutions, they help organisations to free up analysts from mundane, time consuming tasks and focus instead on high value, business-critical tasks that have more impact.
83% of security teams are already overwhelmed by the volume of alerts they receive on a daily basis with false positives taking up large amounts of time. Tines eliminates the need for high level engineers to waste resources on these. Its no-code automation software simplifies implementation, lowering the barriers to entry for non-technical employees, making it easier to integrate tools and automate processes that would previously require support from over-qualified and in-demand software engineers, while also reducing costs. Where companies are experiencing a lack of cybersecurity experts to deal with growing numbers of security alerts, Tines’ no-code approach means employees don’t need to be a software engineer or highly technical to use it.
Tines addresses staffing issues in these areas, where companies are finding it increasingly difficult to attract and retain staff on these teams due to repetitive, low-fulfillment workloads, thus leaving current employees burned out from heavy workloads.
Tines software can integrate with anything with a rest API and web application to help organisations get more from existing tools and can be applied to almost every business across a wide range of sectors such as financial services, technology and pharmaceuticals.
Tines is a powerful automation platform that creates space for high impact work through a uniquely flexible, no-code experience.It’s the only platform that bypasses the need for technical skills and delivers powerful automation straight into the hands of security and operations teams on the frontlines. Tines is bringing an impact-first approach to all teams, securely automating thousands of workflows per day across a diverse range of customers, including Coinbase, Box, Canva, Databricks, McKesson, and OpenTable.The company was founded in 2018 in Dublin, Ireland, by Eoin Hinchy and Thomas Kinsella, with the mission to make the lives of IT professionals easier through effortless automation. Tines was valued at $300 million in 2021 and has secured $41.1 million in funding from investors, including Addition, Accel, Index Ventures, and Blossom Capital.
Eoin Hinchy is Co-founder and CEO of Tines, an enterprise automation start-up that helps the world’s leading security and ops teams automate their manual workloads. Before Tines, he spent 15 years working in security at companies like eBay, PayPal and DocuSign. Eoin has two engineering degrees, a Masters in Security and Forensic Computing from Dublin City University and an MBA from Imperial College London.
Before co-founding Tines, Thomas Kinsella led security teams in companies like Deloitte, eBay and DocuSign. As COO, Thomas is responsible for customer success, professional services and more. Thomas has a degree in Management Science and Information Systems Studies from Trinity College in Dublin.