Zero trust enterprise VPN provider Tailscale this week announced that it has closed a $100 million Series B funding round that brings the total raised by the company to $115 million.
The investment round was led by CRV and Insight Partners, with participation from existing investors Accel, Heavybit, Uncork Capital, and angel investors.
Founded in 2019, the Toronto-based company offers a WireGuard-based private network connectivity solution with zero-config and end-to-end encryption, which integrates with services such as Google Workspace, Microsoft 365, Okta, Caddy Server, Syncthing, and VScode.
Tailscale says it will use the new funds to expand its employee base, accelerate growth, and invest in go-to-market and strategic partner initiatives.
“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,” Tailscale co-founder and CEO Avery Pennarun said.
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Ionut Arghire is an international correspondent for SecurityWeek.
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