Toronto-based Tailscale, a provider of connectivity and security software solutions for enterprises and remote teams, has collected $100 million in Series B financing. The round was led by CRV and Insight Partners, with participation from Accel, Heavybit, Uncork Capital and other investors. The proceeds will allow Tailscale to hire engineering talent for product-led growth and scale its go-to-market and strategic partner initiatives.
TORONTO–(BUSINESS WIRE)–Today, Tailscale announced a US $100 Million Series B funding round led by CRV and global software investor Insight Partners with participation from Accel, Heavybit, Uncork Capital, and prominent individual investors. The round reflects Tailscale’s rapid adoption amongst best-in-class developers and DevOps teams who need to connect to resources easily and securely in the cloud, on-premises, and everywhere in between. Leveraging zero-trust architecture from BeyondCorp at Google and the WireGuard® protocol, Tailscale makes network security accessible to teams of any scale.
Founded in 2019, Tailscale has experienced 1,200% YoY growth and continues to sustain 20% growth quarter over quarter in active monthly users, primarily due to organic word-of-mouth. The investment will enable Tailscale to hire top engineering talent to expand the company’s product-led growth, as well as scale out its go-to-market and strategic partner initiatives.
Network Connectivity and Security Made Simple
There has traditionally been a deep disconnect between connectivity, ease-of-use, and security best practices. Tailscale eliminates this tension by making private network connectivity fast, effortless, and seamless while allowing security teams to rest easy with end-to-end encryption, no single point of failure, near-instantaneous setup, and zero-config.
Tailscale integrates with existing identity services including Google Workspace, Microsoft 365, and Okta for seamless authentication and delivers an all-in-one Zero Trust solution for Secure Access Service Edge (SASE), Identity and Access Management (IAM), and Privileged Access Management (PAM) that simply works. It is based on WireGuard, the open source, opinionated standard for secure connectivity, and is set up and configured in a matter of minutes on average, while other VPN solutions take weeks to fully implement and several hours a week to maintain.
Tailscale is quickly establishing itself as the leader in the space, and integrates with cloud native tooling that developers depend on such as Syncthing, VScode, and Caddy Server. Tailscale removes common remote development hurdles by securely connecting the right people to the right resources. Tailscale has released remote development integrations with GitPod, Coder, Materialize, GitHub Codespaces, and Indent in the last six months alone.
Enterprises including Oxide Computing Company, Dusty Robotics, and VersaBank rely on Tailscale to transform complex network connections into something that is trustworthy and simple.
Avery Pennarun, Co-Founder and CEO of Tailscale. “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.”
Reid Christian, General Partner at CRV: “Protecting access to devices, networks, and critical systems is the first wall of defense for organizations against bad actors, but ensuring this level of security without getting in development teams’ way remains a bottleneck for so many organizations. Tailscale clears this bottleneck for every developer, on every device, and every application, making it simple to enforce granular access controls while keeping security teams compliant.”
Rebecca Liu-Doyle, Managing Director, Insight Partners: “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.”
Jessie Frazelle, Chief Product Officer, Oxide Computing: “Tailscale enables us to move fast and not worry about VPN infrastructure. The simple user interface and easy install on any device is something we’ve wanted for years.”
Oliver Shaw, CTO and Co-Founder, Jasper: “As the CTO, I can quickly set up new instances of software like Sourcegraph that can be accessed securely by our team. Our engineers can also quickly and securely connect to our Consul nodes running in our secure AWS VPC for debugging, which was a major pain point. We’re immeasurably faster and so much happier.”
Tailscale builds software that makes it easy to interconnect and secure devices, no matter where they are. Every day, banks and multinational companies use Tailscale to protect their corporate networks. Hobbyists and start-ups trust Tailscale to collaborate and share access to tooling. We’re building a future for the Internet that’s easy, small and safe, like it used to be. Founded in 2019 and fully distributed, we’re backed by Accel, CRV, Heavybit, Insight Partners, and Uncork Capital. For more information, visit https://tailscale.com