How to Invest in Tanium Stock in 2024

Tanium is a leading cybersecurity company known for its innovative Converged Endpoint Management (XEM) platform, which provides real-time visibility and control over millions of endpoints across an organization’s network. Founded in 2007 by David and Orion Hindawi, Tanium serves a prestigious client base, including 70% of the Fortune 100, major global financial institutions, top retailers, and multiple branches of the U.S. Armed Forces. The company’s decentralized approach to cybersecurity allows for instantaneous scanning and modification of endpoints, making it a vital tool for preventing cyber threats in real-time.

How to Buy Tanium Stock

Tanium is currently a private company, meaning it does not trade on public stock exchanges and lacks a stock symbol. However, accredited investors can purchase shares through platforms like Hiive and EquityZen, which facilitate investments in private companies.

Accreditation Requirements

To qualify as an accredited investor, you must meet one of the following criteria:

• An individual annual income of $200,000 or a joint income of $300,000.
• A net worth exceeding $1,000,000, excluding the primary residence.
• Status as a qualifying financial professional.

On platforms like Hiive and EquityZen, investors can browse listings of Tanium stock, negotiate prices, or accept asking prices set by sellers, who may be current or former employees, venture capitalists, or angel investors.

Can Retail Investors Buy Tanium Stock?

Retail investors cannot currently purchase Tanium stock while the company remains private. Although Tanium has expressed interest in going public, there is no confirmed timeline for an initial public offering (IPO). Until then, retail investors might consider investing in publicly traded competitors such as CrowdStrike, Palo Alto Networks, or Microsoft for exposure to the cybersecurity sector.

Tanium’s Growth and Market Position

Tanium has demonstrated significant growth, achieving a revenue run rate of $617 million in 2023, up 40% since 2019. The company’s unique decentralized approach to endpoint management sets it apart from competitors, allowing it to scale efficiently across large enterprise networks. Tanium’s comprehensive platform includes threat hunting, incident response, compliance monitoring, and risk management solutions, catering to the complex needs of modern organizations.

Funding and Valuation

Tanium has raised over $1.1 billion from prominent investors, including Andreessen Horowitz, TPG Capital, and Salesforce Ventures. The company’s most recent funding round in October 2020 raised $150 million, valuing Tanium at $9 billion. However, pre-IPO private transactions suggest the valuation may have decreased since then.

Founders and Company Background

Tanium was founded by David and Orion Hindawi, who previously co-founded BigFix, an endpoint management platform acquired by IBM in 2010. David Hindawi serves as Chairman Emeritus, while Orion Hindawi is the Executive Chairman, guiding Tanium’s strategic vision and technical innovation.

FAQs About Investing in Tanium

What is Tanium?
Tanium is a cybersecurity company offering a Converged Endpoint Management platform that provides real-time visibility and control over endpoints, enhancing security and operational efficiency.

How can I invest in Tanium before it goes public?
Accredited investors can purchase shares through platforms like Hiive and EquityZen, which offer pre-IPO stock in private companies.

When is Tanium expected to go public?
There is no confirmed timeline for a Tanium IPO, but the company has indicated interest in going public in the future.

What are the risks of investing in private companies like Tanium?
Investing in private companies involves risks such as limited liquidity, market volatility, and the uncertainty of an IPO timeline.

Who are the major investors in Tanium?
Major investors include Andreessen Horowitz, TPG Capital, Salesforce Ventures, and other venture capital firms.