Tufin

Security Policy Automation

Cyber Security
Acquired by Turn/River Capital on Apr, 2022

Company Overview

Snapshot

Founded in January 2005 by Ruvi Kitov and Reuven Harrison, Tufin operates with 201–500 employees. The company has raised a total of $131.75M across 4 funding rounds from 4 investors. In April 2022, Tufin was acquired by Turn/River Capital.

Business overview

Tufin provides solutions for centrally managing, visualizing, and controlling security policies across physical networks and hybrid cloud environments. Its core offering, the Tufin Orchestration Suite, automates the design, provisioning, analysis, and auditing of network security changes from the application to the network layer. By optimizing security policies, Tufin aims to reduce the attack surface and minimize disruptions to critical applications, serving over 1,700 enterprise customers globally across sectors such as finance, telecom, energy, utilities, healthcare, pharmaceuticals, retail, education, manufacturing, transportation, and the public sector.

Strategic signal

In February 2024, Tufin expanded its security solutions portfolio by acquiring AKIPS. This strategic acquisition signals Tufin's commitment to enhancing its offerings and market reach in the cybersecurity landscape, providing investors with a clear indication of the company's growth strategy through inorganic expansion.

Company Intelligence Q&A

When was Tufin acquired?
Tufin was acquired by Turn/River Capital in April 2022 for $570 million.
What was a significant acquisition made by Tufin in 2024?
In February 2024, Tufin expanded its security solutions portfolio through the acquisition of AKIPS.
What was Tufin's IPO status?
Tufin completed its Initial Public Offering (IPO) in April 2019, listing on the NYSE with a share price of $14.
Which investors participated in Tufin's December 2014 funding round?
In December 2014, Tufin received funding from Vintage Investment Partners and Marker.
What was a key operational change at Tufin in 2023?
In July 2023, Tufin implemented an efficiency process that included laying off approximately 50 employees, representing 10% of its workforce, and not filling vacant positions.

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