Fenwick & West represented Tanium Inc., the platform provider for business resilience, in its $200 million sale of common stock. Wellington Management led the round with participation from Baillie Gifford & Company and Adage Capital Management LP.
The funding round brings Tanium’s pre-money valuation to $6.5 billion and solidifies the company’s position as a leader in cybersecurity. Tanium may use the funding to provide early investor and employee liquidity, as well as for general corporate purposes. More information regarding Tanium’s $200 million financing can be obtained from the company announcement.
The Fenwick transaction team was led by corporate lawyers Michael Brown, Julia Forbess, Ari Haber and Tracy Kennberg.