Tanium Raises $100 Million

Enterprise IT company Tanium announced it has raised $100 million in financing. Three investors participated in the round, among them TPG Capital and IVP.

Tanium has created a security and systems management solution that allows real-time data collection at enterprise scale. The company was founded in 2007 by a team with extensive experience providing security solutions and systems management capabilities to Fortune 500 customers.

The company’s announcement revealed that some of the funding is being used to repurchase shares from Tanium executive chairman and co-founder David Hindawi. Hindawi aims to use his proceeds to fund charitable endeavors, focused on early education and giving disadvantaged children a healthy start to life. The balance of the new Tanium funding  will be used to provide liquidity to early employees and early investors, and for general corporate purposes.