I'm a senior editor at Forbes covering venture capital and startups, especially in cloud and AI, out of New York. I edit the Midas List and Under 30 for VC, and created the Midas List Europe and Cloud 100 lists. I've written more than a dozen cover stories on business leaders including Marc Benioff, Patrick Collison and Melanie Perkins.
Tanium is embracing the AI era under new CEO Dan Streetman , with $700 million in sales and 10% free cash flow margins. Just don’t call it a comeback. Cloud 100 list launched in 2016, Tanium was flying high. Valued at $3.5 billion — enough to make its father-and-son founding duo billionaires — the newly-minted unicorn was arguably the world’scybersecurity startup. Orion Hindawi , succeeding his father David as CEO, was making lofty claims to match.
A former U.S Army Rangers-certified paratrooper who has worked under software billionaires Tom Siebel and Marc Benioff, Streetman doesn’t seem likely to sob into his glass. Even as some industry experts look to early 2025 for another tech IPO wave , Streetman won’t get caught making any promises, either.
Their BigFix experience made the Hindawis initially distrustful of venture capital, but they took funding in a $90 million round led by a16z, the venture capital firm of Marc Andreessen and Ben Horowitz in 2013, after the firm connected them to a number of government leads. Tanium has since gone on to raise about $1.
A customer darling in its early years, Tanium had “fallen off the map a little bit” in the last years of the 2010s, said Forrester analyst Andrew Hewitt.
In December 2020, Tanium announced it was moving its headquarters to the Seattle area ; the following year, Hindawi’s CFO hire revived internal hopes of an IPO, although those had subsided by the fall as more employees left, according to a Business Insider
Orion Hindawi David Hindawi Dan Streetman Cybersecurity Cloud 100 Microsoft Defender Tanium IPO Crowdstrike Cloud Security
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