The investment was part of a $26 million Series B funding round for Tines, led by Addition. Series A investors Blossom Capital and Accel also participated in the round.
Perhaps not by coincidence, the CrowdStrike Falcon Fund was launched in partnership with Accel in 2019. The $20 million CrowdStrike fund focuses on seed and early stage investments in startups that are building applications on top of the CrowdStrike Falcon platform.
Tines Automation: More Than Security?
Eoin Hinchy, CEO, TinesTines, meanwhile, appears to be a software startup focused on more than security. In a blog explaining the Series B funding, Tines Co-founder and CEO Eoin Hinchy wrote:
"We founded Tines to democratize automation. Our goal is to build a platform that will allow anyone, whatever their technical ability, to automate any process, regardless of complexity or objective. The last few years have given us incredible confidence that not only is this achievable, there’s also extraordinary market demand. Many of the world’s most innovative companies are using Tines every day to automate hundreds of their most mission-critical processes, and with the launch of the free Tines Community Edition, it’s never been easier to get started."
At first glance, that quote sounds a bit like Tines competes against robotic software automation (RSA) tools like Automation Anywhere, UiPath and Microsoft Power Automate Desktop, and perhaps IT service management (ITSM) workflow automation tools like ServiceNow.
Tines SOAR and CrowdStrike: Speeding SOC Response Times?
But take a closer look, and you'll see clues on the web that Tines and CrowdStrike together are trying to shrink SOC (security operations center) response times with automated workflows. Overall, it sounds like a security orchestration, automation and response (SOAR) strategy is brewing.
So far, Tines is targeting security teams and CISOs (chief information security officers). We're checking to see whether Tines plans to launch a formal program for channel partners, MSPs and MSSPs.
