Accel led the round for the Toronto-based startup, with participation from fellow U.S. investors CRV, Insight Partners, Heavybit and Uncork Capital. Tailscale will use the new funding to develop its technology as well as to hire engineering, product and support staff, CEO Avery Pennarun said in a blog post. (The Logic)
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Accel led the round for the Toronto-based startup, with participation from fellow U.S. investors CRV, Insight Partners, Heavybit and Uncork Capital. Tailscale will use the new funding to develop its technology as well as to hire engineering, product and support staff, CEO Avery Pennarun said in a blog post. (The Logic)
Talking point: Clients like Instacart and Duolingo use Tailscale’s software to connect workers’ devices to their corporate networks and software. The company claims its system is particularly fast, and works with most commonly used security and login tools. Pennarun said Tailscale has seen particular growth with AI developers, who are using its software to connect their chips and cloud services as they train and deploy new models. Toronto AI startup Cohere is a client, as are Groq, Hugging Face and Mistral, he said. Founded in March 2019, Tailscale had previously raised US$117 million, hitting a US$1-billion valuation with its May 2022 Series B, according to PitchBook data.
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