Tines Secures $125M in Series C Financing, Bringing Total Valuation to $1.125B
Tines, an AI-powered workflow company, has secured $125 million in Series C financing, achieving a valuation of $1.125 billion. The round was led by Growth Equity at Goldman Sachs Alternatives, with participation from new investors SoftBank Vision Fund 2 and Activant, alongside existing investors. This follows a $50M Series B extension in May 2024, bringing total capital raised to $272 million.
The company's platform, used by major companies like Coinbase, Databricks, and GitLab, has seen significant growth with automated actions more than tripling over the past year, now exceeding one billion tasks automated weekly. Tines recently launched native AI features and Workbench, a generative AI chat interface. The funding will be used to accelerate product innovation, focusing on connecting AI software and LLMs with enterprise data systems while maintaining security compliance.
Tines, una compagnia di workflow alimentata da intelligenza artificiale, ha ottenuto 125 milioni di dollari in finanziamenti di Serie C, raggiungendo una valutazione di 1,125 miliardi di dollari. Il round è stato guidato da Growth Equity di Goldman Sachs Alternatives, con la partecipazione di nuovi investitori come SoftBank Vision Fund 2 e Activant, insieme a investitori già esistenti. Questo segue un'estensione di Serie B da 50 milioni di dollari nel maggio 2024, portando il capitale totale raccolto a 272 milioni di dollari.
La piattaforma dell'azienda, utilizzata da grandi nomi come Coinbase, Databricks e GitLab, ha registrato una significativa crescita, con azioni automatizzate più che triplicate nell'ultimo anno, superando ora un miliardo di compiti automatizzati weekly. Tines ha recentemente lanciato funzionalità AI native e Workbench, un'interfaccia di chat generativa AI. I fondi saranno utilizzati per accelerare l'innovazione del prodotto, concentrandosi sul collegamento tra software AI e LLM con i sistemi di dati aziendali mantenendo la conformità alla sicurezza.
Tines, una empresa de flujos de trabajo impulsada por IA, ha asegurado 125 millones de dólares en financiamiento de Serie C, alcanzando una valoración de 1,125 mil millones de dólares. La ronda fue liderada por Growth Equity de Goldman Sachs Alternatives, con la participación de nuevos inversores como SoftBank Vision Fund 2 y Activant, junto con inversores existentes. Esto sigue a una extensión de Serie B de 50 millones de dólares en mayo de 2024, llevando el capital total recaudado a 272 millones de dólares.
La plataforma de la empresa, utilizada por grandes compañías como Coinbase, Databricks y GitLab, ha visto un crecimiento significativo, con acciones automatizadas más que triplicadas en el último año, superando ahora un billón de tareas automatizadas semanalmente. Tines lanzó recientemente funciones de IA nativas y Workbench, una interfaz de chat de IA generativa. La financiación se utilizará para acelerar la innovación del producto, enfocándose en conectar software de IA y LLM con los sistemas de datos empresariales mientras se mantiene el cumplimiento de la seguridad.
타인스, 인공지능 기반의 워크플로우 회사,가 1억 2500만 달러의 시리즈 C 펀딩을 확보하여 11억 2500만 달러의 가치를 달성했습니다. 이 라운드는 골드만삭스 대체투자의 성장 자본이 주도했으며, 소프트뱅크 비전 펀드 2 및 액티반과 같은 신규 투자자가 참여했습니다. 이는 2024년 5월에 5000만 달러의 시리즈 B 확장을 따른 것으로, 총 자금 조달액은 2억 7200만 달러에 이릅니다.
이 회사의 플랫폼은 Coinbase, Databricks, GitLab과 같은 주요 기업들이 사용하고 있으며, 지난 1년 동안 자동화된 작업이 세 배 이상 증가하여 현재 주간 10억 개 이상의 작업이 자동화되고 있습니다. 타인스는 최근 AI 기능과 생성형 AI 채팅 인터페이스인 Workbench를 출시했습니다. 이번 자금은 AI 소프트웨어와 LLM을 기업 데이터 시스템에 연결하는 제품 혁신 가속화에 사용될 예정이며, 보안 준수를 유지합니다.
Tines, une entreprise de workflows alimentée par l'IA, a obtenu 125 millions de dollars lors d'un financement de Série C, atteignant une valorisation de 1,125 milliard de dollars. Ce tour a été dirigé par Growth Equity de Goldman Sachs Alternatives, avec la participation de nouveaux investisseurs tels que SoftBank Vision Fund 2 et Activant, ainsi que d'investisseurs existants. Cela fait suite à une extension de Série B de 50 millions de dollars en mai 2024, portant le capital total levé à 272 millions de dollars.
La plateforme de l'entreprise, utilisée par des entreprises majeures comme Coinbase, Databricks et GitLab, a connu une croissance significative, les actions automatisées ayant plus que triplé au cours de l'année dernière, dépassant maintenant un milliard de tâches automatisées par semaine. Tines a récemment lancé des fonctionnalités d'IA natives et Workbench, une interface de chat IA générative. Les fonds seront utilisés pour accélérer l'innovation produit, en mettant l'accent sur la connexion entre le logiciel IA et les LLM avec les systèmes de données d'entreprise tout en maintenant la conformité en matière de sécurité.
Tines, ein KI-gestütztes Workflow-Unternehmen, hat 125 Millionen Dollar in der Serie-C-Finanzierung gesichert und erreicht eine Bewertung von 1,125 Milliarden Dollar. Die Runde wurde von Growth Equity bei Goldman Sachs Alternatives geleitet, mit Beteiligung neuer Investoren wie SoftBank Vision Fund 2 und Activant sowie bestehenden Investoren. Dies folgt einer Serie-B-Erweiterung von 50 Millionen Dollar im Mai 2024, was das insgesamt gesammelte Kapital auf 272 Millionen Dollar erhöht.
Die Plattform des Unternehmens, die von großen Firmen wie Coinbase, Databricks und GitLab genutzt wird, hat ein signifikantes Wachstum erlebt, mit automatisierten Aktionen, die sich im letzten Jahr mehr als verdreifacht haben und jetzt über eine Milliarde automatisierte Aufgaben pro Woche überschreiten. Tines hat kürzlich native KI-Funktionen und Workbench, eine generative KI-Chatoberfläche, eingeführt. Die Finanzierung wird verwendet, um die Produktinnovation zu beschleunigen, wobei der Fokus auf der Verbindung von KI-Software und LLMs mit Unternehmensdatensystemen liegt, während die Sicherheitsanforderungen eingehalten werden.
- Achieved unicorn status with $1.125B valuation
- Secured significant Series C funding of $125M led by Goldman Sachs
- Platform usage growth: over 1 billion weekly automated tasks
- Strong customer base including major tech companies
- Total funding raised reached $272M
- None.
Insights
Goldman Sachs' leadership in Tines'
- The maturation of AI workflow automation, evidenced by Tines' exponential growth to over 1 billion weekly automated tasks
- Enterprise adoption acceleration, with blue-chip clients like Coinbase and Databricks signaling strong product-market fit
- The convergence of security, IT operations and AI infrastructure, creating new opportunities in the $50B+ workflow automation market
For Goldman Sachs, this investment carries multiple strategic advantages:
- Potential for significant returns given Tines' 3x growth in automated actions over the past year
- Strengthening Goldman's enterprise software portfolio alongside complementary AI investments
- Early positioning in the next wave of AI infrastructure, particularly in secure enterprise workflows
The participation of SoftBank Vision Fund 2 and existing investors like CrowdStrike suggests strong confidence in Tines' execution and market opportunity. The company's focus on secure, compliant AI integration addresses a critical enterprise need, potentially leading to accelerated adoption and value appreciation.
Led by Growth Equity at Goldman Sachs Alternatives with SoftBank Vision Fund 2 and Activant joining as new investors, funding to be used to accelerate AI product innovation
Tines empowers teams to build, run, and monitor their most mission-critical and sophisticated workflows. Global leaders including Coinbase, Databricks, GitLab and Mars use Tines to transform their security and IT operations, dramatically enhancing productivity and streamlining operations while mitigating risk. The number of automated actions within the Tines platform has more than tripled over the past year, exceeding one billion tasks automated every week.
"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," said Tines CEO Eoin Hinchy. "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."
Tines recently launched native AI features and Workbench, a generative AI chat interface that enables users to query, gather and analyze information, take real-time action on data across applications, and determine next steps. Tines will use this round of funding to accelerate product innovation focused on helping users connect AI software and LLMs with the data and systems they need to perform tasks at optimal efficiency and effectiveness, while also facilitating privacy and compliance safeguards required to ensure enterprise-grade security.
"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" said Alexander Lippert, managing director in Growth Equity at Goldman Sachs Alternatives. "We've been highly impressed with the Tines management team and believe they are uniquely positioned to build a global leader in enterprise automation"
"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," said Amit Lubovsky, investment director at SoftBank Investment Advisers. "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."
To learn more about how companies across industries are using Tines to transform how their teams operate, visit www.tines.com/case-studies/.
About Tines
At Tines, we're building a future where technology empowers businesses and people to work smarter and more securely. Leaders across a wide array of industries, including Canva, Elastic, Kayak, Intercom, McKesson and Oak Ridge National Laboratory use Tines' AI-powered workflows to operate more effectively, mitigate risk, reduce tech debt, and do the work that matters most. Co-headquartered in
About Growth Equity at Goldman Sachs Alternatives
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over
The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.
The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world's leading institutions, financial advisors and individuals. Goldman Sachs has more than
Since 2003, Growth Equity at Goldman Sachs Alternatives has invested over
Media Contacts:
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Tines
jfidler@tines.io
Danielle Stickler
Bateman Agency for Tines
tines@bateman.agency
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