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COINTURK FINANCE > Business > Tines Secures $125M to Expand AI-Oriented Workflow Automation
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Tines Secures $125M to Expand AI-Oriented Workflow Automation

Overview

  • Tines raised $125M in Series C funding, bringing its valuation to $1.125B.

  • The company will enhance AI-powered workflow automation while ensuring strong security.

  • Investors include Goldman Sachs, SoftBank, Accel, and Felicis, among others.

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Dublin-based automation company Tines has raised $125 million in a Series C funding round, bringing its valuation to $1.125 billion. This investment follows a previous fundraising effort less than a year ago, reflecting continued investor interest in AI-driven workflow orchestration. With the growing demand for automation in enterprise security and IT operations, the company aims to further develop its platform to integrate artificial intelligence and large language models more effectively, while maintaining strong security and compliance standards. The funding also strengthens its position in a competitive industry where automation and AI-driven efficiencies are becoming essential for businesses.

Contents
Who Invested in Tines and Why?How Will Tines Utilize the Funding?

Earlier funding rounds had already demonstrated strong backing for Tines, including a $46.6 million Series B extension. Previous investments came from firms like Accel and Addition, who also participated in this latest round. The company has been expanding its capabilities, particularly with the introduction of AI-powered features. Compared to past developments, this funding round indicates a shift towards broader AI integration beyond security automation, positioning Tines as a more comprehensive workflow automation provider.

Who Invested in Tines and Why?

The latest funding was led by Growth Equity at Goldman Sachs (NYSE:GS) Alternatives, supported by new investors such as SoftBank Vision Fund 2 and Activant, alongside existing backers like Accel and Felicis. Goldman Sachs, which has over $500 billion in alternative investments, sees potential in AI-driven workflow automation.

“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 organisations,” said Alexander Lippert, managing director in Growth Equity at Goldman Sachs Alternatives.

How Will Tines Utilize the Funding?

Tines plans to use the capital to enhance its automation capabilities, integrating AI software and large language models into its platform. The company aims to streamline workflows by allowing businesses to connect AI models with essential data and systems, optimizing efficiency. Another priority is maintaining high security and privacy standards as AI adoption grows in enterprises.

Founded in 2018 by Eoin Hinchy and Thomas Kinsella, Tines has built a workflow automation platform that enables various teams to automate repetitive tasks. Recent product enhancements include native AI features and Workbench, a generative AI chat interface designed for real-time data analysis and decision-making. According to the company, automated actions on the platform have more than tripled in the past year, now surpassing one billion tasks per week.

Several well-known companies, including Coinbase, Databricks, GitLab, and Mars, use Tines to improve security and IT workflows. These organizations leverage the platform’s automation to increase productivity and reduce risks associated with manual processes.

CEO Eoin Hinchy emphasized the challenges faced by IT and security teams in managing repetitive tasks efficiently. He stated that traditional automation tools often fail to lighten workloads, whereas Tines seeks to connect employees with AI and data for more effective operations.

“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,” said 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 realise that opportunity.”

The growing focus on AI-driven automation in enterprise operations suggests that companies like Tines are addressing a persistent challenge: balancing efficiency with security. Automation has already become a key aspect of IT and security teams’ workflow management, but the shift towards AI-powered solutions signals an evolution in how businesses approach operational efficiency. As AI tools become more integrated, companies will need to ensure that automation remains adaptable and secure, avoiding potential risks associated with over-reliance on generative AI. This funding round positions Tines to compete with other automation providers seeking to redefine enterprise workflow management.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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