Irish startup Tines raises $50M to expand no-code automation tools

Irish no-code automation startup Tines Security Service Ltd. today announced it has raised $50 million in new funding to enhance its workflow automation platform with expanded features and artificial intelligence enhancements.

Founded in 2018, Tines offers a platform for building workflows and automating processes that are designed to empower technical teams. The platform allows users to create workflows that can receive emails, trigger actions based on attachments, transform events, add reporters and send webhooks.

Designed to help teams operate more effectively, mitigate risk, reduce tech debt and focus on the most important work, the platform differs from traditional security orchestration, automation and response services by being both scalable and accessible to the entire team. Tines argues that expanding access allows teams to move faster, reduce backlogs and create transparency by building workflows to connect systems and respond to requests.

The company’s platform is aligned with the SOC2 framework to ensure the security, availability, processing, integrity and confidentiality of customer data. Tines maintains SOC2 compliance and is audited annually to ensure compliance with industry standards.

Tines announced an expansion to its platform in September, including providing additional usability and flexibility to its Workflow Builder. The builder enables single builds to interact with multiple systems and effortlessly combine data without restrictions, along with allowing teams to build ticket management and telemetry that fosters consistency, improves audibility and minimizes the likelihood of inaccuracies.

Tines has seen strong growth, with annual recurring revenue growing by over 100% and over 200%, off an undisclosed base, since it last raised funding in October 2022.

Accel Partners LP and Felicis Ventures Management Company LLC led the extended Series B round, with Addition Capital Ltd., CrowdStrike Falcon Fund LLC and SVCI also participating. Including the new funding, Tines has raised $145.2 million to date.

“These funds allow us to double down on areas we’ve seen much success, maintain our leadership position in security and continue our strategy to automate complex technical workflows for multiple departments across the enterprise,” said co-founder and Chief Executive Eoin Hinchy.

Images: Tines