Tines Raises $125M in Series C Funding, Achieving $1.125B Valuation
Tines Secures $125M in Series C Financing
Tines, a frontrunner in AI-powered workflows, has successfully completed a Series C funding round raising $125 million, propelling its total valuation to an impressive $1.125 billion. The funding was spearheaded by Goldman Sachs Alternatives’ Growth Equity division, along with new backers including SoftBank Vision Fund 2 and Activant.
This significant investment follows Tines’ previous capital injection of $50 million extended under Series B in May 2024, collectively summing Tines’ total funding to $272 million. Noteworthy existing investors such as Accel, Felicis, CrowdStrike Falcon Fund, and Addition also participated in this funding round.
CEO Eoin Hinchy commented on the ongoing challenges faced by IT and security teams in handling a growing number of tedious tasks. He emphasized the necessity for traditional automation tools to evolve into solutions that genuinely alleviate the pressures experienced by these teams. By harnessing AI, data, and systems, Tines aims to reimagine the orchestration of sophisticated workflows across enterprises.
Transforming Workflows with AI
Tines' platform has seen a remarkable uptick in automated actions, now surpassing one billion tasks each week, indicating how integral the platform has become to global operations. Notable organizations such as Coinbase, Databricks, GitLab, and Mars utilize Tines to enhance their security and IT operations, further streamlining their workflow and mitigating risks associated with manual processes.
In line with its growth trajectory, Tines has recently introduced Workbench, a generative AI chat interface. This innovative feature enables users to query data, gather insights, take immediate actions across applications, and outline the next steps efficiently. The company plans to channel its new funding towards accelerating advancements in their product suite, focusing on refining the connection between AI software, large language models (LLMs), and the essential data for optimal performance.
The Future of Automation
Goldman Sachs’ Alexander Lippert, managing director in Growth Equity, remarked on the potential generative AI holds in revolutionizing enterprise technology. He stated, “With a focus on building secure workflows at scale, Tines is strategically positioned to lay the groundwork for widespread AI adoption.” This sentiment echoes broader industry trends showing the importance of automation in improving productivity across multiple business dimensions.
Since opening its doors in 2018, Tines has carved out a strong reputation for addressing the real needs of its diverse clientele. Amit Lubovsky, SoftBank's investment director, lauded Tines’ commitment to creating effective automation solutions tailored for evolving enterprise demands.
With these funds, Tines intends not just to innovate for innovation's sake but to ensure that their solutions maintain high standards of privacy and compliance, safeguarding enterprise-grade security amid the excitement of deploying cutting-edge technology.
To understand how various industries leverage Tines for transformational operational excellence, explore the ample success stories on their official website.
About Tines
Tines stands at the forefront of enhancing how businesses harness technology to operate efficiently. With notable clients ranging from Canva to Oak Ridge National Laboratory, Tines is dedicated to driving change through innovative AI workflows. Co-headquartered in Dublin and Boston, the company has established a formidable presence in the AI landscape, continuously pushing the boundaries of what’s possible in workflow orchestration. As Tines gears up for an exciting future, it remains focused on empowering organizations to work smarter and more securely.
Topics Business Technology）
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