Corporate VPN startup Tailscale secures $230 million CAD Series C on back of “surprising” growth
betakit.com
Company achieves $2 billion CAD valuation after doubling customer base in 10 months.

Corporate VPN startup Tailscale secures $230 million CAD Series C on back of “surprising” growth

Pennarun confirmed the company had been approached by potential acquirers, but told BetaKit that the company intends to grow as a private company and work towards an initial public offering (IPO).

“Tailscale intends to remain independent and we are on a likely IPO track, although any IPO is several years out,” Pennarun said. “Meanwhile, we have an extremely efficient business model, rapid revenue acceleration, and a long runway that allows us to become profitable when needed, which means we can weather all kinds of economic storms.”

Keep that in mind as you ponder whether and when to switch to self-hosting Headscale.

  • Lka1988@lemmy.dbzer0.comEnglish
    633·
    13 hours ago

    Tailscale never sat right with me. The convenience was nice, but - like other VC-funded projects - it followed that ever-familiar pattern of an “easy” service popping up out of nowhere and gaining massive popularity seemingly overnight. 🚩🚩🚩

    I can’t say I’m surprised by any of this.

    • potustheplant@feddit.nlEnglish
      10·
      8 hours ago

      Maybe this is a pet peeve but it’s a vpn tool that forces you to log in with an “identity provider”. Yeah, no thanks.

      • iggy@lemmy.worldEnglish
        8·
        6 hours ago

        That’s a basic requirement for almost any company. If you’re into hard coding credentials just use wireguard directly.

        • potustheplant@feddit.nlEnglish
          2·
          3 hours ago

          There are tons and tons of websites where you can create an account with just your email. I wouldn’t expect a third party account to be mandatory. Specially from a product like this one.

    • fuckwit_mcbumcrumble@lemmy.dbzer0.comEnglish
      293·
      12 hours ago

      Would you rather a difficult and hard to use program?

      Easy to use means people will want to adopt it, and that’s what VC companies want. Nobody wants to pay millions of dollars to make a program that nobody wants to use.

      • Lka1988@lemmy.dbzer0.comEnglish
        392·
        12 hours ago

        My problem isn’t directly with the programs - my problem lies with VC funding in general. Because they will come back for their money, and the project will inevitably enshittify and shove out enthusiasts in the never-ending search for infinite money.

        The solution is getting rid of VC bullshit entirely. But we all know that will never happen.