Citi Ventures-backed cybersecurity platform Tanium has received $175m from existing backer TPG Growth at a $5bn valuation.
Private equity group TPG has invested $175m in Tanium, a US-based cybersecurity technology provider backed by financial services firm Citi, through its TPG Growth subsidiary, Reuters reported yesterday.
The deal valued Tanium at about $5bn according to people familiar with the matter, who said the company is considering the pursuit of an initial public offering. It is in talks to potentially sell an additional $25m of shares to other existing investors.
Tanium has built a cybersecurity offering intended to give…
