Tines, a Dublin-based startup that lets firms automate elements of their cybersecurity, has raised $four.1 million in Collection A funding. Main the spherical is Blossom Capital, the enterprise capital agency co-founded by ex-Index Ventures and LocalGlobe VC Ophelia Brown.
Based in February 2018 by ex-eBay, PayPal and DocuSign safety engineer Eoin Hinchy, who was subsequently joined by former eBay and DocuSign colleague Thomas Kinsella, Tines automates most of the repetitive guide duties confronted by safety analysts to allow them to deal with different high-priority work. The pair have bootstrapped the corporate till now.
“It was whereas I used to be at DocuSign that I felt there was a necessity for a platform like Tines,” explains Hinchy. “We had a workforce of actually proficient engineers in control of incident response and forensics however they weren’t builders. I discovered they have been doing the identical duties again and again so I started on the lookout for a platform to automate these repetitive duties and didn’t discover something. Definitely nothing that did what we wanted it to, so I got here up with the concept to plug this hole out there.”
To that finish, Tines lets firms automate elements of their guide safety processes with the assistance of six software program “brokers,” with every appearing as a multipurpose constructing block. Subsequently, whatever the course of being automated, it solely requires mixtures of those six agent sorts configured in several methods to copy a specific workflow.
“I needed there to be as few agent sorts as potential, to simplify the system, and I haven’t found a workflow through which duties sit outdoors of those brokers but,” says Hinchy. “As soon as a buyer indicators up they’ll begin automating their very own workflows instantly, and most of our clients see worth from day one. In the event that they want a hand, my workforce works with them to ascertain how they at present manually perform duties, comparable to figuring out and coping with a phishing assault. Every step of coping with the assault — from cross-checking the e-mail tackle with trusted contacts or a blacklist, to scanning attachments for viruses or inspecting URLs — will likely be carried out by one of many six agent sorts. This implies we will assign these duties to an agent to create the workflow, or as we name it, the “story.”
So, for instance, as soon as a phishing electronic mail triggers the primary agent, the next steps within the “story” are routinely carried out. On this manner, Tines could be described as akin to IFTTT, “however an exceptionally highly effective, enterprise model of the IFTTT idea, designed to handle way more complicated workflows.”
Rivals are cited as Phantom, which final 12 months was acquired by Splunk, and Demisto, which was purchased by Palo Alto Networks. Nevertheless, Hinchy argues that a key differentiator is that Tines doesn’t depend on pre-built integrations to work together with exterior programs. As an alternative, he says the software program is ready to plug in to any system that has an API.
In the meantime, Tines says it can use the brand new funding to rent engineers in Dublin who will help enhance the platform by way of R&D, in addition to develop its buyer base with firms within the U.S. and in Europe. Notably, the startup plans to develop past cybersecurity automation, too.
“Our background is in safety, so with Tines, we’ve initially targeted on serving to safety groups automate their repetitive, guide processes,” says Hinchy. “What makes us totally different is that nowhere does it say we will’t develop past this, to assist different groups and sectors automate duties. The benefit of our direct-integration mannequin is that Tines doesn’t care in case you’re speaking to a safety software, HR system or CRM, it treats them the identical. Within the subsequent 18 months, we plan to develop Tines outdoors safety, rent extra expertise and improve the product workforce from eight to 20.”