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Sources: US cybersecurity company Tanium raises $175M at a ~$5B valuation from TPG Growth, marking its third investment in the firm

“Another cyber security company, Carbon Black, filed for an IPO last month” writes Liana B for reuters.com. TPG, which also led a $100 million investment in Tanium last year, has backed other cyber security companies such as Tel Aviv-based GuardiCore and Intel’s former security division, McAfee.(Reuters) – TPG’s growth investment arm has raised its stake in Tanium Inc with a $175 million investment, valuing the U.S. cyber security start-up at about $5 billion, people familiar with the matter said on Tuesday.TPG Growth’s new investment boosts Tanium’s valuation ahead of an initial public offering the company is considering but has not yet decided to launch, the sources said.The deal marks TPG Growth’s third investment in Tanium.
 
Source: reuters.com



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