# Tufin Software Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tufin-software-technologies

- Industry: Software
- Headquarters: Boston, US
- Website: www.tufin.com
- Total disclosed funding: $30M
- Latest round: Series D (Dec 8, 2014)
- Investors on record: 3

## About

Tufin Software Technologies Ltd. specializes in advanced network security and firewall management software, providing enterprises with essential tools for visibility, compliance, and automation across complex network environments.Founded in 2005 in Boston, US, Tufin Software Technologies Ltd. develops software focused on network security management. The company was co-founded by Reuven Harrison and Ruvi Kitov, who previously founded other technology companies. Tufin has undergone significant funding events, including a Public to Private transaction in April 2022 where it raised USD 570.00 mn from Turn/River Capital. The most recent funding allowed the company to transition to a private entity after being publicly traded on the NYSE under the ticker symbol 'TUFN'.Tufin specializes in providing advanced firewall management and network security policy software tailored for enterprise-level environments. Their core product offerings, including SecureTrack+ and SecureChange+, focus on enhancing visibility, compliance, and automation across hybrid network infrastructures. These solutions empower organizations to maintain robust security policies, streamline operations, and efficiently manage firewall configurations across diverse platforms such as AWS, Azure, Google Cloud, and various firewall vendors. Tufin serves a wide array of clients, including large organizations in sectors such as financial services, healthcare, and telecommunications, who utilize these tools to ensure continuous compliance with industry regulations and to mitigate security risks. The company's products are marketed globally, with a particular focus on North America, Europe, and Asia-Pacific regions, catering to enterprises that require sophisticated network security solutions.In 2021, Tufin Software Technologies Ltd. reported a revenue amount of USD 110.94 mn, alongside an EBITDA of USD -34.12 mn for the same year. The company generates revenue primarily through a subscription-based model, offering clients access to its comprehensive suite of network security products and services. Businesses engage with Tufin typically through annual licensing agreements that include support and updates, ensuring clients remain compliant with security protocols while benefiting from ongoing innovations in automation and policy management.Following its transition to a private company in April 2022, Tufin Software Technologies Ltd. plans to leverage recent funding to enhance its product offerings and simplify the management of data security networks. The company aims to develop and launch new products designed to better serve their clients' needs. Tufin also has intentions to expand into new markets and regions, specifically targeting increased presence in Asia-Pacific and European markets. The funding acquired in the recent transaction will support these initiatives, facilitating growth and allowing Tufin to reach new customer segments.

## Funding rounds

- Series D, Dec 8, 2014, $8M — Vintage Investment Partners, Marker
- Series C, Aug 1, 2014, $8.8M — Marker
- Series C, Jul 1, 2013, $8.8M — Marker, SBT Venture Capital
- Series B, Aug 1, 2011, $4.5M — Marker

## Investors

- Marker (https://capitalatlas.ai/funds/marker) — Series B, Series C, Series D
- SBT Venture Capital (https://capitalatlas.ai/funds/sbt-venture-capital) — Series C
- Vintage Investment Partners (https://capitalatlas.ai/funds/vintage-investment-partners) — Series D