Feb 11 (Reuters) - AI-focused startup Tines has raised

$125 million in a funding round led by Goldman Sachs

Alternatives and new investors such as SoftBank Vision Fund 2,

valuing the company at $1.13 billion.

Investor enthusiasm for artificial intelligence remains

robust as companies scramble to incorporate AI-driven

efficiencies into their operations, despite an overall muted

venture capital market.

AI startups captured a record 46.4% of the total $209

billion raised in 2024, compared with less than 10% a decade

earlier.

Tines, which was founded in 2018, is a "no-code" enterprise

automation platform that leverages AI to help businesses operate

more efficiently in their security and IT operations.

Demand for automated security programs has also risen amid

growing cyber threats with application security platform Semgrep

raising $100 million last week in a funding round led by Menlo

Ventures.

Tines' offerings are used by companies such as

cryptocurrency exchange Coinbase, data analytics firm

Databricks, software developer GitLab ( GTLB ) and Mars.

"By connecting people to the AI, data and systems they need

to do their best work, the opportunity before us at Tines is to

become the universal orchestrator of modern, secure workflows

across the enterprise," said Tines CEO Eoin Hinchy.

"This new round will help us realize that opportunity," he

added.

The latest funding round will help Tines to accelerate

product innovation by combining AI with the client's data and

systems to increase workflow efficiency and effectiveness.

The funding round for the firm, co-headquartered in Dublin

and Boston, follows a $50 million raise in May 2024, bringing

the total amount raised to $272 million.

Existing investors include Accel, Felicis, CrowdStrike

Falcon Fund and Addition.