Insider Brief
- Tines, an AI-powered workflow automation platform, has raised $125 million in Series C funding led by Goldman Sachs Alternatives, valuing the company at $1.125 billion and bringing its total capital raised to $272 million.
- Used by companies like Coinbase, Databricks, and GitLab, Tines automates over a billion tasks weekly, streamlining security and IT operations while integrating AI-driven workflow orchestration.
- The new funding will accelerate AI innovation, including its Workbench generative AI interface, helping enterprises connect AI and large language models (LLMs) with data systems while ensuring security and compliance.
PRESS RELEASE — Tines, the leader in AI-powered workflows, has announced $125 million in Series C financing, valuing the company at $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 and existing investors Accel, Felicis, CrowdStrike Falcon Fund, and Addition. The financing follows a May 2024 $50M Series B extension, bringing the total capital raised by Tines to $272 million.
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 Dublin and Boston, Tines has raised $272M in funding to date from investors including Goldman Sachs, Softbank, Activant, Felicis, Addition, Accel, Blossom Capital and Lux Capital. To learn more about Tines, visit www.tines.com.
About Growth Equity at Goldman Sachs Alternatives
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.
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 $3.1 trillion in assets under supervision globally as of December 31, 2024.
Since 2003, Growth Equity at Goldman Sachs Alternatives has invested over $13 billion in companies led by visionary founders and CEOs. The team focuses on investments in growth stage and technology-driven companies spanning multiple industries, including enterprise technology, financial technology, consumer and healthcare.
Media Contacts:
Jason Fidler
Tines
[email protected]
Danielle Stickler
Bateman Agency for Tines
[email protected]
SOURCE Tines
Featured image: Credit: Tines
