CyberTech company Tailscale scores $100m in its Series B

Tailscale, a corporate VPN that helps remote teams securely access services they need, has netted $100m in its Series B funding round, which was led by CRV and Insight Partners.

Other commitments also came from Accel, Heavybit, Uncork Capital, and prominent individual investors.

With the funds, the company plans to hire engineering talent and expand its product-led growth. The company also hopes to scale its go-to-market and strategic partner initiatives.

Founded in 2019, Tailscale makes private networking connectivity fast, effortless and seamless while allowing security teams to rest easy with end-to-end encryption, no single point of failure.

The platform integrates with existing identity services, including Google Workspace, Microsoft 365, and Okta, offerings seamless authentication and delivers an all-in-one zero trust solution for secure access service edge, identity and access management and privileged access management.

The company has experienced a 1,200% year-over-year growth and continues to sustain 20% growth quarter over quarter in active monthly users, primarily due to organic word-of-mouth, it said.

Tailscale Co-Founder and CEO Avery Pennarun said, “Since its early days, the Internet has become more and more complicated, centralized, and insecure. We’ve been pleased to see unexpectedly exuberant, rapid adoption of Tailscale across the community and among our customers.

“This aggressive funding round represents a clear signal from the market that investors believe in our vision — the Internet’s original vision — of small, trusted, human-scale networks, interconnected.”

Speaking on the deal, Insight Partners managing director Rebecca Liu-Doyle said, “Tailscale is ringing in a new paradigm of secure networking — one that is centered around intuitive design and pure user delight. Tailscale has captured the minds, and more importantly, the hearts, of developers within organizations of all sizes. We look forward to partnering with this incredible team on the journey ahead.”

The CyberTech company previously raised $12m in its Series A funding round, which was led by Accel.

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