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Dublin-based firm Tines valued at $300m after new funding round

Tines founders Eoin Hinchy and Thomas Kinsella
Tines founders Eoin Hinchy and Thomas Kinsella

No-code security automation company Tines has raised $26m in a Series B funding round led by Addition. 

The company was founded in 2018 in Dublin by Eoin Hinchy and Thomas Kinsella.

Tines aims to allow frontline workers to focus on more business critical tasks by helping to automate any manual workflow and making existing teams more efficient, effective and engaged.

The 18-person company is now valued at $300m and it has raised a total of $41m in total funding with follow-on funding from high level investors including Accel and Blossom Capital. 

Tines also have strategic investment from cyber security backers, CrowdStrike, through its early stage investment fund CrowdStrike Falcon Fund, and Silicon Valley CISO Investments.

The company plans to double its team to support product growth in the coming months and its expansion in the US will involve setting up a hub in Boston.

Tines co-founder Eoin Hinchy said the company empowers enterprise teams to automate any of their own manual workloads independently, making their jobs more rewarding while simultaneously delivering enormous value for their organisations.

"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," he said. 

"Other platforms are generally either too hard to use, not flexible enough or not sufficiently robust for mission-critical workflows like cybersecurity," he added.