Tanium reportedly raising financing at $2.5bn valuation


Cyber security company Tanium is raising a new round of financing which will value the startup at $2.5 billion or even higher, according to a report by Fortune. One of Fortune’s sources suggests the valuation could top $3 billion. Tanium raised $90 million from Andreessen Horowitz last summer, and added another $52 million from the same VC earlier this year. Institutional Venture Partners is said to be a new investor.

DoubleDutch, a mobile event technology company, has raised $45 million in funding. KKR and existing investors Bessemer Venture Partners and Index Ventures were involved in the round. The startup, which makes mobile apps capable of capturing data from live events and conferences, will use the funds for global expansion and acquisitions. “We are thrilled to team up with KKR to tackle this next stage of growth,” said DoubleDutch CEO Lawrence Coburn. “The $565 billion (£362bn) spent annually on events and conferences – the biggest marketing spend in the world – is running blind. We believe that DoubleDutch can help.”

Big data availability management company Talena has raised $12 million in financing. Canaan Partners, Intel Capital, ONSET Ventures and Wipro Ventures all participated in the funding round. “Each of our investors brings unique Big Data expertise to our team and will help shape how we take advantage of this incredible opportunity,” said Nitin Donde, Talena founder and CEO. “They have invested in some of the best known Big Data companies and have a deep understanding of customer issues from witnessing numerous implementations. We’re excited to leverage their market, domain and customer knowledge to solve today’s critical data availability management challenges.”

BigBasket, an India-based online grocer, has raised $50 million from its existing investors, including Bessemer Venture Partners. The company is also looking to raise $150 million from new investors, at a valuation of more than $1 billion according to a report by the Economic Time

  • Jane Steranko

    Security is highly desirable today.