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Andreessen Horowitz backs systems and security company with $90m first investment

23 Jun 2014

wire fence securityTanium has attracted its first venture capital investment with Andreessen Horowitz backing the systems and security management business with $90m.

It is venture capital giant Andreessen Horowitz’s second largest investment to date and will see partner Steven Sinofsky join the company’s board of directors.

Tanium is a seven-year old business which manufactures software that allows IT managers to identify and fix operational issues as well as fend off professional-grade security attacks.

Sinofsky said, “The Tanium team has accomplished nothing short of a complete reinvention of how IT professionals manage, secure, and maintain the end-points in their network: every node on the network can now be interrogated, managed, updated, and secured, instantly from a browser.”

Tanium’s technology is used by half of the Fortune 100, five of the top 10 largest global banks and four of the top 10 global retailers.

Last week, Andreessen announced it had led a $44m Series B financing round for crowdsourced grocery delivery service Instacart.

May saw the venture capital firm lead a $15m Series B financing round for governmental data analysis business OpenGov, with general partner Balaji Srinivasan due to join the board.

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