The deep dive · Private · Read November 4, 2026

Tines

Dublin-born software that automates security and IT work, valued at $1.125B in 2025. Revenue doubled to $39.6M, and most open roles are remote in the US or Ireland.

Irish Times, May 28, 2026; Goldman Sachs, Feb 11, 2025
Valuation
$1.125B at the February 2025 Series C, up from $300M at the 2021 Series B.
Raised
$272M in total from Accel, Felicis, Addition, Goldman Sachs, SoftBank and others.
Revenue
$39.6M in the year to January 2025, up from $19.1M, with a $24.9M pretax loss.
Watch
$100M ARR target the CEO says Tines is "marching towards $100 million in ARR" this year.
AI
Tines 3B a new code-first AI platform for agents and apps, launched July 2026 beside the original product.
Liquidity
None reported no staff tender offer or secondary sale found; equity has a long exercise window.
Hiring
20 → 26 remote listings since Oct 10.
01 · The business

Platform subscriptions for automated workflows.

Tines sells a platform that security, IT and other teams use to connect their software tools and automate work, now with AI agents built in. Tines Stories is the original visual builder; Tines 3B, launched in July 2026, is code-first and has a free Explore Edition. AI agent use runs on a monthly credit allowance. About three quarters of revenue came from North America in the year to January 2025.

Irish Times, May 28, 2026; Tines blog, Jul 31, 2026; Tines docs
The moat, in three parts
  1. 1
    Big security buyers already use it
    Named customers include Coinbase, Databricks, GitLab, Mars, SAP, Experian, Reddit and Notion. Enterprise customers tripled in 2025.
    Tines via PR Newswire, Jul 28, 2026; Goldman Sachs, Feb 2025
  2. 2
    Customers spend more over time
    Tines reports net revenue retention of 122% in its March 2026 letter and 124% in the July 2026 launch release.
    Tines blog, Mar 3, 2026; PR Newswire, Jul 28, 2026
  3. 3
    Backed by a security giant
    CrowdStrike's venture fund has invested since the 2021 Series B and joined the 2024 and 2025 rounds.
    Goldman Sachs, Feb 11, 2025; Irish Times, Apr 8, 2021
The competition, by what it is worth
  • Palo Alto Networks
    $300Blisted, Oct 30 close
  • n8n
    $2.50Bprivate, Oct 9
  • Torq
    $1.20Bprivate, Jan 11
  • Tines
    $1.13BSeries C, Feb 11

Private values are the last reported round; they can be stale. Listed values are market value. Bars start at zero.

02 · Funding

Every round, and what its terms give away.

Tines is private, so there is no share price. What its investors paid, and on what terms, is the closest thing to one.

$1.13B
latest valuation, Series C Feb 11
$272M
raised in all
$40M
annual revenue, as of Jan 31
+107%
growth, as reported
400
employees, as reported

Pretax loss of $24.9M, about level with $24.1M a year earlier.

Irish Times, May 28, 2026 (company accounts); Goldman Sachs, Feb 2025
What investors paid for all of Tines, round by round
$300M$1.13B20212025

Post-money valuations as reported. The line starts at zero. Rounds without a reported valuation are left off.

4 rounds and offers, newest first
  1. Feb 11
    Series C$125M at $1.13B
    Led by Growth Equity at Goldman Sachs Alternatives. About 11% of the company, if all new shares
    SoftBank and Activant new; Accel, Felicis, CrowdStrike and Addition returned. For AI workflow products.
    Goldman Sachs Asset Management, Feb 11, 2025
  2. Apr 24
    Series B extension$50M
    Led by Accel and Felicis
    Addition, CrowdStrike Falcon Fund and SVCI joined. Valuation not disclosed.
    SiliconANGLE, Apr 24, 2024
  3. Oct 5
    Series B extension$55M
    Led by Felicis
    Accel, Blossom, Addition and Lux joined. Series B reached $81M. Over 150 staff then.
    Irish Times, Oct 5, 2022
  4. Apr 8
    Series B$26M at $300M
    Led by Addition. About 9% of the company, if all new shares
    Accel, Blossom, CrowdStrike and Silicon Valley CISO joined. 18 staff then.
    Irish Times, Apr 8, 2021
Round-terms checks
No flags found · last raise 20 months ago

Clear: checked, nothing found. Flag: found, with the source. Open: could not be checked.

Going public

No filing reported

03 · Footnote flags

What the record says, and what we think it means.

The fact is the source's. The read, in italics, is ours.

  1. 01
    Good

    Revenue doubled while losses held flat.

    Accounts for the year to January 2025 show revenue of $39.6M, up from $19.1M, and a pretax loss of $24.9M against $24.1M.

    Growth is outrunning cost. The gap between $39.6M of revenue and a $100M ARR goal shows how much is riding on 2026.

    Irish Times, May 28, 2026
  2. 02
    Good

    Most open roles are remote.

    Of 36 roles on Tines' Greenhouse board on Nov 3, 2026, 29 are labeled remote: 22 in the US or North America and 7 in Ireland. The rest are in Boston (some hybrid), Dublin or Sydney.

    Remote is real here for sales, support and services. The board shows few core engineering roles right now, so remote odds for engineers are harder to judge.

    Tines Greenhouse job board, checked Nov 3, 2026
  3. 03
    Neutral

    Two headquarters, Dublin and Boston.

    Founded in Dublin in 2018, Tines calls itself co-headquartered in Dublin and Boston. It plans a new Dublin headquarters and has hubs in Sydney and San Francisco.

    Both hubs carry weight. Hybrid roles cluster around Boston and Dublin.

    Irish Times, Oct 12, 2026; Tines careers page
  4. 04
    Watch

    It rebuilt its product from scratch.

    Tines 3B, launched July 2026, is code-first and runs beside the original no-code Tines Stories. The CEO wrote that AI-native meant "starting fresh".

    A bold bet that keeps Tines ahead of AI rivals if customers move. Running two products at once can stretch a 400-person company.

    Tines blog, Jul 31, 2026
  5. 05
    Good

    Adding 200 jobs across two countries.

    Tines announced 100 US jobs in March 2026, a 42% rise in US staff, then 100 Irish jobs over two years in October 2026, over half entry-level.

    A growing company, not a shrinking one. Entry-level hiring in Ireland suggests the Dublin office will keep growing.

    Enterprise Ireland, Mar 22, 2026; Irish Times, Oct 12, 2026
  6. 06
    Good

    A long window to exercise options.

    The careers page offers startup equity with an extended exercise window of five years, which starts after two years of employment.

    Leaving does not force a fast decision to buy shares, once you pass two years. Before that, the standard window likely applies; check the offer.

    Tines careers page, checked Nov 3, 2026
  7. 07
    Good

    Enterprise customers tripled in 2025.

    The CEO's March 2026 letter cites landmark deals with SAP and Experian, 357 features shipped and headcount up by over 100 people.

    Larger customers mean bigger contracts and longer sales cycles, which fits the many senior sales roles on the board.

    Tines blog, Mar 3, 2026
  8. 08
    Watch

    Rivals raised big rounds too.

    Torq raised $140M at $1.2B in January 2026, and general automation firm n8n raised $180M at $2.5B in October 2025.

    Tines' $1.125B price is now in line with or below peers, and it has not raised since early 2025.

    SiliconANGLE, Jan 11, 2026; Tech.eu, Oct 9, 2025
04 · Who gets paid most

What the hiring data says.

Still Remote data, daily since Oct 10
AI and ML listings, Oct 10 to Nov 4
0 → 0no change
Remote listings, same days
20 → 26+30%

We save every company's roles, pay by team and level, AI share and churn every day, so each month this page can say more. Sparklines use their own scale.

05 · Built for the agentic era?

Can AI agents do business with Tines?

We checked the agent payment programs, developer docs and site rules an AI assistant would meet.

Our verdict

Built for agents. First-party MCP server, AI agent actions, and a full llms.txt.

Still Remote read
Live
  1. An MCP server agents can call
    Tines Stories has a first-party MCP server that ChatGPT, Codex, Cursor, Claude Code and Claude Desktop can use to build and edit workflows. Customers can also build their own MCP servers in Tines.
    Tines docs, updated Aug 19, 2026
    Yes
  2. Its own AI agent
    An AI Agent action runs LLMs inside Tines' own infrastructure, in task or chat mode, metered by monthly credits. Workbench is a chat assistant over a customer's tools.
    Tines docs, updated Oct 20, 2026
    Yes
  3. A platform to govern agents
    Tines 3B builds apps, agents and automations from plain-language prompts, with credential protection, isolated runs and full logging.
    Tines via PR Newswire, Jul 28, 2026
    Yes
  4. Site and docs AI tools can read
    tines.com/llms.txt is about 141,000 characters and links markdown copies of docs, the API reference and help articles, plus full-text versions.
    checked Nov 3, 2026
    Yes
  5. Lets AI crawlers read its site
    robots.txt allows all bots, blocks only a few paths such as /search/ and /preview/, names no AI bots, and points crawlers to llms.txt.
    checked Nov 3, 2026
    Yes
05 · Inside the company

Where Tines puts AI to work.

AI and ML job titles, share of open remote listings
Tines
0.0%
Every company we track
6.4%
0 of 26 Tines listings on Nov 4. Scale 0% to 10%.
  1. 1
    Staff built 1,000 workflows in 90 days
    After rolling 3B out internally, 67% of employees built in it; finance made a billing app and recruiting a pipeline dashboard. Stories took over seven years to reach that count.
    Tines blog, Sep 7, 2026
  2. 2
    An internal automation team
    A dedicated program, Tines x Tines, sets rules for workflows across teams and runs agent-based intake so staff can request help or report issues.
    Tines blog, Dec 11, 2025
06 · What the hiring says

More listings than on Sep 7, led by customer.

Remote listings on its board, dailyAxis starts at zero
Listings as the board shows them, so a title posted in several places counts each time. Team counts are open roles, repeated titles once.
12 of 27
roles are customer
11
sales roles, the next biggest team
3
countries named in its remote roles, led by United States
+3
new roles in the last 7 days
07 · Private scenario builder

What has to be true for $1.1 billion to hold?

The starting revenue is Tines's own reported figure. A way to think, not a forecast, and not investment advice.

Annual revenue of $39.6M for the year to Jan 31, 2025, from company accounts reported by the Irish Times on May 28, 2026. Not ARR.
Reported: +107%.
Competition
Economy
At the Series C price, about $28 per $1.
$
Worth in two years, in your world
$4.75B
+322% vs the $1.13B Series C
$170M revenue, growing +107% a year after competition and the economy
Series C $1.13B
$0$5.23B
Up round territory

At 28x, Tines needs $40 million of revenue to be worth $1.1 billion. Your world gets there with $170 million, so the next round likely prices above the last.

Your equity, two years out
$422,320

$100,000 of equity valued at the $1.13B Series C price would be worth about $422,320 on paper in this world, before dilution from new rounds, taxes and vesting. Private shares only turn into cash at a sale, an IPO or a tender offer.

A way to think, not a forecast, and not investment advice.

Goldman Sachs, Feb 2025; Irish Times, May 2026
08 · Where it looks headed

The signals, and which way they push.

  1. Tailwind
    Firms want control over AI agents.

    Tines pitches 3B on governing AI-built apps and agents, citing an IBM figure that 77% of firms say AI adoption outpaces their governance.

  2. Tailwind
    Existing customers keep expanding.

    Net revenue retention of 122% to 124% and LLM feature use up 302% in a year.

  3. Tailwind
    Headcount is rising fast.

    More than 400 staff by May 2026, against an average of 220 in the year to January 2025, with 200 more jobs announced.

  4. Headwind
    Crowded, well-funded field.

    Torq ($1.2B), n8n ($2.5B) and large platforms such as Palo Alto Networks and ServiceNow all sell automation to the same buyers.

09 · Bold predictions

Where Tines ends up, if we had to bet.

Our calls, not facts. Each one is tied to something that already happened, so you can judge the reasoning.

  1. 1

    Tines raises a new round above $1.125B before an IPO.

    Likely 72%Funding

    It has not raised since February 2025 and still lost money in its last published year. Growth and new hiring point to a higher price if it raises.

    Irish Times, May 2026; Goldman Sachs, Feb 2025
  2. 2

    Tines lists on a stock exchange by 2031.

    Long shot 16%IPO

    It is aiming for $100M of ARR in 2026, small for a software IPO. Nothing on a listing has been said or filed.

    Tines blog, Mar 3, 2026
  3. 3

    A large security or IT platform buys Tines by 2031.

    Coin flip 50%M&A

    Big vendors want automation and agent tools, and CrowdStrike is already an investor. Tines has stayed independent and is still hiring hard.

    Goldman Sachs, Feb 11, 2025
  4. 4

    Tines 3B brings in more revenue than Tines Stories by 2031.

    Coin flip 50%Product

    Inside Tines, 3B hit 20% of all workflows ever built within three months. Customers must still choose to migrate, and Stories keeps getting investment.

    Tines blog, Sep 7, 2026
  5. 5

    Tines is still a top independent security automation vendor in 2031.

    Coin flip 50%Competition

    It has big-name customers and strong retention. Rivals such as Torq and n8n have raised at similar or higher prices.

    PR Newswire, Jul 2026; SiliconANGLE, Jan 2026

Read by the Still Remote research agent on November 4, 2026 from the sources linked on this page. Facts and scenarios only, not investment advice.