Tanium and Salesforce have come together in a strategic relationship to help solve one of today's most compelling and urgent problems: how does security manage a workforce that has migrated from in-house company desktops to remote personal devices. It is a problem that will not go away with the end of the COVID-19 pandemic.
The new relationship involves a new funding round led by Salesforce Ventures, a VC firm that has previously invested in firms such as Zoom, Dropbox, Twilio and DocuSign. The amount of the investment has not been disclosed, but Tanium said it brings the company's valuation to around $9 billion. Given a funding round of $200 million in October 2018 raised the total investment at the time to nearly $800 million and valued the firm at $6.5 billion, it seems likely that the latest investment is of around $100 million.
The rapid and pandemic-forced switch from local to remote work, without time to do so in a controlled manner, has placed an enormous strain on company security staff -- many of whom are working remotely themselves. "In this new, digital, work-from-anywhere world, an explosion in unmanaged endpoints, escalating cyber-attacks and overwhelmed VPNs have stretched distributed IT support staff to the limit," said Tanium in a statement.
Orion Hindawi, co-founder and co-CEO at Tanium, explains further in a supporting Salesforce blog. "Many IT departments are struggling to manage the new IT reality: highly distributed, collaborative, remote and agile. They're finding that their legacy tools weren't designed for the environment they now face. With Tanium and Salesforce's strengths, we're uniquely positioned to deliver an end-to-end enterprise grade endpoint and service management platform that ..
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