End-point security start up Tanium has raised $100m in funding against a backdrop of controversy, after it was accused of jeopardising customer data and breeding a toxic work culture.
The funding round, led by TPG Growth, sees Tanium's market value raised to $3.75bn (£2.9bn) and will be used to fuel the vendor's growth in the EMEA and APAC regions - as well as for product development.
The news comes after Tanium was on the end of a barrage of bad press in March which saw it slammed for allegedly mistreating its staff and exposing a hospital's network in demo material.
Announcing the funding, Tanium CEO Orion Hindawi took a swipe at the vendor's competitors, claiming investors are fed up of funding firms with "short shelf lives".
"Investors are understandably tired of funding cybersecurity companies whose offerings have very short shelf lives as their point solution approach is nullified by the changing attack landscape," he said.
"Because of that breadth of offering, our investors see Tanium having longevity and potential that exceeds the typical cybersecurity landscape, and we will work hard to continue proving them right by driving our platform further into both security and operations with each passing quarter."
The funding takes Tanium's total amount raised to $407m, following a $147m round of Series G funding in September 2015.
Somesh Dash, general partner at Tanium investor IVP, said: "It's so unusual to find a company like Tanium.
"Most companies in the security space lack the combination of differentiated technology with a scalable capital-efficient business model. With Tanium, we're not only investing in a technology platform we believe in, but also a proven business model that is delivering real revenue today, with the momentum to carry it well into the future."
In its most recent full year, ending 31 January 2017, Tanium doubled its revenue growth and added around 100 enterprises to its customer base.
It now counts 12 of the US' 15 largest banks among its customers, as well as six of the top 10 retailers.
The deal builds on distie's earlier promise to distribute a broader range of electrical goods
Services firm sees revenue increase 23 per cent
Execs Zak Virdi and Neil Lomax open up on the rationale behind acquisition
CEO Steve Brazier slams vendor titans at annual event in Barcelona