Workflow software company Tines has secured a $50 million extension to its Series B funding. To date, the Boston- and Dublin-based company has raised $146.2 million.
Tines’ technology creates efficient workflows for companies from the startup level to the Fortune 10, according to a news release. Prominent customers include Canva, Databricks, and Kayak.
The 2018-founded company’s original Series B of $26 million was completed in August 2022. It extended the round in October 2022 with an additional $55 million.
The new funding, the third installment in its Series B, was led by Accel and Felicis with participation from Addition, CrowdStrike Falcon Fund and SVCI. All have previously invested in tines, according to the news release.
“Tines’ mission is to power the most important workflows for companies worldwide,” said Eoin Hinchy, co-founder and CEO at Tines, in a statement. “These funds allow us to double down on areas we've seen much success, maintain our leadership position in security, and continue our strategy to automate complex technical workflows for multiple departments across the enterprise.”
Tines uses AI and automation to streamline workflows, and generates reports on time savings and is compatible with most systems, according to its website. The company says it helps customers reduce employee burnout and human errors.
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