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Jeff Chiu / AP

Cybersecurity company Tanium today announced that it has raised $100 million in new venture capital funding led by existing investor TPG Capital.

Why it matters: Tanium is the most highly-valued private cybersecurity company, providing both endpoint and PC management solutions to clients that include major U.S. banks and the U.S. Department of Defense.

Why now? Tanium says that it is cash-flow positive with more than $300 million in the bank, so this round is really about providing liquidity to early employees. Among the sellers is Tanium co-founder and chairman David Hindawi, who wants to expand his philanthropic pursuits.

IPO: CEO Orion Hindawi (David's son) had said in the past that the company would go public in 2017, but new CFO Fazal Merchant (ex-DreamWorks) tells Axios that the timing is now TBD. "It's up to me and the rest of my team to make sure we're prepared for an IPO, but any timeline would be artificial."

Still in charge: Following this deal, the Hindawis continue to control a majority of Tanium voting shares.

Fallout: Tanium recently was the subject of an explosive Bloomberg piece, claiming that Orion Hindawi's behavior and management style had caused executive departures and been flagged as a point of concern by major shareholder Andreessen Horowitz. It also said that Tanium had fired certain employees just before their stock options were to vest – a charge that the company denied. Merchant (who only formally began work this week) says that the new round was not done to sate concerns reflected in that article, adding that he's "learned in his years not to believe everything you read." He declined to go into further detail.

VC nerdery: This round values Tanium at $3.75 billion, post-money. That might appear flat from its last round in late 2015, but a key difference is this this new $100 million is common stock ― whereas the prior round was preferred stock (i.e., greater protections, thus viewed as more valuable).

Go deeper

7 mins ago - World

Scoop: Ukraine tells senators post-invasion sanctions are no help

Zelensky. Photo: Johanna Geron/POOL/AFP via Getty Images

Ukrainian President Volodymyr Zelensky told U.S. senators visiting Kyiv this week that waiting to impose sanctions on Russia until after an invasion is of no use to Ukraine, according to four sources familiar with the discussions.

Why it matters: The Senate is currently working on a major sanctions package to deter Russia from attacking Ukraine. Democrats and Republicans are united in their support for Ukraine, but divided over whether it would be more effective to sanction Russia now to signal resolve, or hold up the threat of future sanctions to demonstrate the high costs of an invasion.

Starbucks drops worker vaccine or test requirement after SCOTUS ruling

Photo: Jakub Porzycki/NurPhoto via Getty Images

Starbucks has dropped plans to require that U.S. workers get the COVID vaccine or submit to weekly testing, the company announced Tuesday in a memo to employees.

Why it matters: The company's decision comes in response to the Supreme Court's ruling last week to block the Biden administration's COVID-19 vaccine-or-test requirement for large employers.

4 hours ago - World

Netanyahu plea talks enter crunch time

Netanyahu (right) meets with his lawyer ahead of a court hearing last February. Photo: Reuven Casto/Pool/AFP via Getty

Benjamin Netanyahu, Israel's opposition leader and former prime minister, is negotiating a possible plea deal over the corruption charges against him, but Attorney General Avichai Mandelblit appears to be toughening his terms.

Why it matters: Mandelblit leaves office on Jan. 31. Negotiations could continue beyond that point, but the next attorney general may be less interested in quickly reaching a deal.