Tines funding news – Dublin-based Tines Secures $125 Million in Series C Round Funding

The funding round was led by Goldman Sachs Alternatives, with new investors SoftBank Vision Fund 2 and Activant joining, along with existing investors Accel, Felicis, CrowdStrike Falcon Fund, and Addition. This follows a €48.3 million extension in May 2024, making the total amount raised by Tines €262 million.

Tines CEO Eoin Hinchy said, “IT and Security teams continue to face a deluge of manual and tedious tasks, and too often traditional automation tools further weigh them down instead of lifting them up, By connecting people to the AI, data, and systems they need to do their best work, the opportunity before us at Tines is to become the universal orchestrator of modern, secure workflows across the enterprise. This new round will help us realize that opportunity.”

Big companies like Coinbase, Databricks, GitLab, and Mars use Tines to improve their security and IT systems, making their work more efficient and reducing risks.

It says the number of tasks automated on its platform has tripled in the past year, now reaching over one billion tasks automated every week. The company has also launched new AI features and "Workbench," an AI-powered chat tool that helps users ask questions, analyze data, take action, and plan next steps across different apps.

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Alexander Lippert, Managing Director in Growth Equity at Goldman Sachs Alternatives said, “Generative AI is the next frontier of enterprise technology, driving significant productivity gains across multiple business functions. With a focus on building secure workflows at scale, Tines will play a critical role in providing the underlying infrastructure required to drive widespread adoption of AI across organizations, We’ve been highly impressed with the Tines management team and believe they are uniquely positioned to build a global leader in enterprise automation.”

Amit Lubovsky, Investment Director at SoftBank Investment Advisers said, “Since its founding in 2018, Tines has demonstrated exceptional growth by staying laser- focused on delivering tangible value to customers and building solutions tailored to their evolving needs, We are excited to partner with the Tines team as they execute on their vision, pushing the boundaries of automation, and bringing best-in-class workflow orchestration solutions to the entire enterprise.”

It will use this funding to improve its products, helping users connect AI software and systems with the data they need to do tasks efficiently, while also ensuring privacy and security.

About Tines

Founded in 2018 by Eoin Hinchy and Thomas Kinsella, Tines helps teams build, manage, and monitor important workflows. It securely runs thousands of critical tasks daily for customers like Canva, Databricks, Elastic, Kayak, Intercom, McKesson, and Oak Ridge National Laboratory.