Alumni’s VPN startup secures $230M to meet AI demands
Toronto-based virtual private network (VPN) startup Tailscale announced it has raised $230 million in Series C funding to expand its team and meet rising demand from artificial intelligence (AI) companies.
Co-founded in 2019 by Waterloo Engineering alumni Avery Pennarun and David Carney (both BASc ’01, computer engineering), the company offers a secure VPN that simplifies access to private networks.