Announced
Completed
Financials
Sources
Tags
Cross Border
Software
Private
Minority
Friendly
Completed
Acquisition
Private Equity
software development
Canada
Single Bidder
Venture Capital
Synopsis
CRV and Insight Partners led a $100m Series B round in Tailscale, a software company with a freemium business model based in Toronto, with participation from Accel, Heavybit and Uncork Capital. "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," Reid Christian, CRV General Partner.
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