Dublin-based cybersecurity enterprise Tines has bagged $4.1m in a Series A round led by Blossom Capital, the venture capital firm.
Tines’ solution enables businesses to automate parts of their digital defences.
Eoin Hinchy, founder of Tines, told Techcrunch that he first had the idea when he was working with agreement automation company DocuSign.
“We had a team of really talented engineers in charge of incident response and forensics but they weren’t developers,” Heinchy explained. “I found they were doing the same tasks over and over again so I began looking for a platform to automate these repetitive tasks and didn’t find anything.”
Having found no one else doing it, he set out to do it himself.
The FinTech sector in Ireland is growing. Between 2014 and the third quarter of 2019, $981.2m have been invested in the sector, according to FinTech Global’s data. Of that, 12.7% was invested in the RegTech spectrum where companies like Tines and Think Evolve Solve fit in.
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