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US cyber security firm Tanium valued at $3.5 billion, raises $120 million from investment firms Posted on : Sep 03 - 2015

Cyber security software firm Tanium has raised $120 million from investment firms as more US federal agencies rely on its technology to fend off attacks from nation-states and hackers, the company announced Wednesday.

Tanium closed the round - its third in just more than a year - at a $3.5 billion valuation. The company was valued at $1.8 billion in March, the last time it raised cash.

Tanium is the highest-valued venture-backed cyber security company worldwide, according CB Insights, which does research on venture capital.

"They built something which will likely never be built again," said Bryan Taylor, a partner with TPG Capital, a private equity firm that joined the round.

T. Rowe Price and Institutional Venture Partners also joined the round.

Founded in 2007 by father-and-son duo David and Orion Hindawi, Tanium provides computer system security and management for government agencies and companies, allowing them to scan and assess every device on a network within seconds.

Tanium's technology can check up to several million computers on a network for signs of a hack or bug and deploy a patch or quarantine the infection in 15 seconds or less. View more