Latest news with #Tines
Yahoo
28-07-2025
- Business
- Yahoo
Tines Appoints Heather Planishek as Chief Operating and Financial Officer
Former Palantir executive to lead global operations and finance as Tines scales its mission to power the world's most important workflows BOSTON and DUBLIN, July 28, 2025 /PRNewswire/ -- Tines, the intelligent workflow platform for security and IT teams, today announced the appointment of Heather Planishek as its Chief Operating and Financial Officer (COFO). Prior to joining Tines, Planishek served as Chief Accounting Officer at Palantir Technologies, where she guided the company through a period of significant growth and its transition to the public markets. She has also held finance and operational roles at Hewlett Packard Enterprise and Ernst & Young. In her new role, she will oversee global operations and finance, bringing deep expertise in operational strategy and financial discipline to help Tines scale globally and deliver long-term value for customers. "Heather brings a rare combination of leadership, systems thinking and bias for action that aligns perfectly with how we're building Tines for the future," said Eoin Hinchy, CEO and co-founder of Tines. "Her experience scaling Palantir, a high-growth, AI-native company, gives her a unique lens on how to build durable operations within complex, fast-moving environments. That background will be invaluable as we continue to grow and serve some of the most advanced teams in the world." Planishek joins Tines at a time of accelerating momentum following the company's $125 million Series C in February, which valued the company at $1.125 billion, and the launch of full-spectrum automation capabilities in June. With Tines, customers can safely integrate AI into daily operations, orchestrate workflows and agents across systems, teams, and tools, and operate with enterprise-grade scale and governance. The result is better ROI, stronger compliance, and faster outcomes. "I'm thrilled to be joining Tines at such a pivotal and high-growth moment in its journey," said Planishek. "This is an incredible opportunity to help continue to scale Tines with both speed and purpose. When operational excellence is embedded early, teams across the company are empowered to focus on what really matters: delivering exceptional outcomes for customers." Planishek is based in Colorado and will work closely with Tines teams across the U.S., Ireland, Europe, and Australia. About TinesAt Tines, we're building a future where technology empowers businesses and people to work smarter and more securely. Leaders across a wide array of industries, including Canva, Databricks, Elastic, Kayak, Intercom, and McKesson use Tines' AI-powered workflows to operate more effectively, mitigate risk, reduce tech debt, and do the work that matters most. Co-headquartered in Dublin and Boston, Tines has raised $272M in funding to date from investors including Goldman Sachs, Softbank, Felicis, Addition, Accel, Blossom Capital and Lux Capital. To learn more about Tines, visit Media Contact Jason Fidler Tines jfidler@ Bateman Agency for Tinestines@ Logo - View original content to download multimedia: SOURCE Tines Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Irish Independent
27-07-2025
- Business
- Irish Independent
New generation of ambitious Wicklow innovators gather for entrepreneur forum
The Baltyboys Entrepreneur Forum is part of Patch, Ireland's flagship summer accelerator programme for young entrepreneurs, engineers and scientists. Patch's summer programme brings together 30 of Ireland's brightest 16–21 year-old entrepreneurial minds for seven weeks of intensive mentoring, project-building and networking. The Baltyboys Entrepreneurs Forum was added to the Patch schedule two years ago to offer talented Irish youth access to insights and inspiration from top-tier innovators. This year's Baltyboys Entrepreneur Forum was hosted by entrepreneur and Baltyboys House owner Brian Kingham. The line-up of founders and community experts who spoke at the event included Prof O'Neill who has been a professor of biochemistry in the School of Biochemistry and Immunology at Trinity College Dublin since 2009. The forum also heard from Eoin Hinchy, founder of cybersecurity automation unicorn Tines, a no-code automation platform for security teams that raised over $270 million in funding and is valued at over $1.125bn, and Niamh Donnelly, CTO of Akara Robotics, a pioneering autonomous hospital robot manufacturer. Niamh is also a Forbes 30 Under 30 honouree and an EU Women Innovators prize winner. Special guests also included David Shackleton, serial entrepreneur and founder of and OpenBack - two large tech companies that were both acquired, and Mark Cummins, founder of Pointy - a retail tech startup acquired by Google, and a repeat founder with multiple exits and long-time supporter of Patch. Baltyboys House owner and longtime supporter of Patch, Mr Kingham, said: 'Ireland's entrepreneurial spirit is deeply rooted in its culture and history. The structure of landholding over centuries fostered a culture of independence, adaptability, and enterprise. "Today, that legacy is reflected in a new generation of innovators - ambitious, globally minded, and determined to shape the future. The Baltyboys Entrepreneur Forum is designed to nurture that spirit, connecting Ireland's most promising young founders with those who have already walked the path.'
Irish Times
25-05-2025
- Business
- Irish Times
Venture capital funding surges to record in first quarter
Irish small and medium business raised a record €533 million in venture capital in the first quarter of the year. But the figures from the Irish Venture Capital Association (IVCA) highlight an imbalance in the market, with the quarter dominated by larger deals and things looking less positive for smaller companies looking to raise less than €3 million. The life sciences sector was most in demand with funders, accounting for 45 per cent of the funding total in the quarter, according to the VenturePulse survey. That was followed by cybersecurity at 22 per cent, software at 9 per cent and fintech at 8 per cent. AI and machine learning accounted for 7 per cent. Among the five biggest deals were the €150 million raised by life sciences company Let's Get Checked, and the €115 million raised by cybersecurity company Tines. AI company, Protex AI, drone delivery firm, Manna, and medical technology manufacturer, Perfuze, completed the top five. READ MORE More than 80 per cent of the deal value was down to deals worth more than €10 million. Among individual deals, those in the €30 million and over category rose by almost 90 per cent to reach €296.8 million, while deals in the €10 million to €30 million range were up 184 per cent to €132 million. But while deals for more than €3 million in funding rose, those in the €1 million to €3 million category were down 5 per cent to €21.6 million, and those under €1 million were down 42 per cent to €3.6 million. Seed funding was also lower, falling 3 per cent. Overseas investors played a significant role in funding during the quarter, at 82 per cent compared to 71 per cent a year earlier. 'This is a doubled edged sword,' said Sarah-Jane Larkin, director general of the IVCA. 'While it reflects the high quality and potential of Irish tech firms and demand by overseas investors, it also reflects Ireland Inc's vulnerability to international influences if the tide goes out.' That is of particular concern given the tariffs introduced by US president Donald Trump and others threatened, which have injected considerable uncertainty into the global markets. The venture capital figures cover the period before US 'liberation day' on April 2nd. Gerry Maguire, chairman of the IVCA, said there was anecdotal evidence that uncertainty and caution is likely to show up in following quarters, especially among overseas investors. The VenturePulse survey is compiled from information supplied internally by members of the IVCA and from published information where the funding included non-IVCA members.
Irish Independent
21-05-2025
- Business
- Irish Independent
Twenty Irish tech firms in top 500 for revenue growth, Deloitte finds
Start-up finance firm Wayflyer and broadband rollout company Fibrus are the highest-ranked Irish entries, with security start-up Tines and ad-tech firm Buymedia close behind. The Emea Technology Fast 500 ranking is based on percentage revenue growth over four years, using data submitted directly by companies and verified by Deloitte. According to this criteria, Wayflyer registered revenue growth rate of 3,169pc, with Tines growing by 3,009pc. This placed Wayflyer in 43rd position across Emea. Fibrus is ranked 48th with Tines and Buymedia in 55th and 73rd places, respectively. Other Irish companies to make the top 500 include decarbonisation start-up Catagen (151st with 1,101pc growth), customer communications firm Mail Metrics (155th with 1,080pc growth) and AI company Sydney (161st with 1,065pc growth). 'The Deloitte Emea Technology Fast 500 highlights the strength of Ireland's domestic tech sector and the extraordinary abilities of our entrepreneurs,' Deloitte partner James Toomey said. 'Even when benchmarked against the fastest-growing tech companies from across a wide geographical sphere, Ireland, a small island of around five million people, has still got 20 companies in this list. 'We marked the 25th anniversary of Fast 50 in 2024 and it reminded me how intertwined the story of modern Ireland and technology is. The future for domestic tech growth in Ireland is bright and we must continue to support these companies to grow domestic direct investment.' Thirteen of the 20 Irish tech firms to make the list ranked between 200 and 500. They are: Halo Technologies Europe (206th, 886pc growth); Clear Strategy (210th, 880pc growth); (228th, 821pc growth); EdgeTier (281st, 670pc growth); Circit (302nd, 621pc growth); Grid Finance (308th, 614pc growth); Ekco (357th, 517pc growth); Swoop Funding (361st, 506pc growth); CR Payroll Solutions (364th, 501pc growth); Core Optimistion (410th, 440pc growth); Locate a Locum (420th, 434pc growth); Kneat (469th, 383pc growth); and Barclay Digital Services (474th, 380pc growth).
RTÉ News
28-04-2025
- Business
- RTÉ News
VC investment rises significantly in Q1 on back of megadeals
Venture Capital investment in Ireland experienced a remarkable surge in the first quarter of the year, totalling $668 million dollars across 28 deals, accordiing to the latest KPMG Venture Pulse report. It's a substantial increase compared to the same period last year, when $34 million was invested across 17 deals. There was a strong start to 2025 with three deals raising over $100 million each in the first quarter. The largest deal of the quarter amounted to $125 million and was secured by the AI-powered productivity software company Tines, achieving a valuation in excess of $1 billion. Gavin Sheehan, Partner, Deal Advisory at KPMG in Ireland, said Irish VC fundraising was very strong in Q1, 2025 led by significant fundraising by Tines, XOcean and Fire1. "Globally, a lower deal count quarter-on-quarter is reflective of a more cautious sentiment given broader geopolitical uncertainty since the turn of the year," he said. "Notwithstanding these challenges, VC investment in Ireland mirrored international trends in terms of increased deal sizes and later stage investment with robust interest in the AI, big data and medtech sectors." Global VC investment surged from $118.7 billion in Q4, 2024 to an eleven-quarter high of $126.3 billion in Q1 this year, despite ongoing geopolitical conflicts and tensions, continued concerns about global trade and tariffs, and the delay of a major reopening in the IPO market. The overall increase in deal value was largely driven by a series of mega-rounds by AI companies, including a record-setting $40 billion raise by OpenAI. Meanwhile, VC investment in Europe held steady in Q1 at $18 billion, although deal volume declined from 2,314 to 1,883 quarter-on-quarter. A growth in megadeals — including five transactions at or over $500 million — highlighted the shifting focus among VC investors towards larger, later-stage opportunities. The Irish market Ireland experienced its strongest quarter of VC investment in several years in the first quarter, driven primarily by large megadeals, including a $125 million raise by AI-powered productivity software company Tines, a $120 million raise by medical device company Fire1, and a $120 million raise by ocean data services company XOcean. Fintech and medtech sectors in Ireland continue to attract significant interest from VC investors given their robust innovation ecosystems and strong talent base, with AI solutions also receiving significant investment over the quarter. While positive coming into 2025, the sentiment of VC investors in Ireland was one of caution in the latter half of the year amid rising geopolitical uncertainties. Heading into Q2, deal volume may become subdued as investors in Ireland and globally exercise caution amid trade tensions with the US. The implications associated with any US tariffs remain to be determined; both investors and startups are expected to be quite focused on assessing potential impacts on both general operations and potential expansion plans. "Despite these uncertainties, industries such as AI, health and biotech, and fintech are expected to maintain their appeal for investment and particularly for established start-ups with proven traction," he said.
