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.

  • Ulrich@feddit.org
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    6 days ago

    companies should not be allowed to invest in other companies?

    That’s not what I’m saying. I’m just saying you need to be wary of companies that do because the inevitable end of that train is enshittification. Every. Single. Time.

    does Tailscale have complete control over Wireguard?

    Who’s talking about WireGuard? We were talking about Tailscale.

    • Mordikan@kbin.earth
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      6 days ago

      Tailscale builds on top of the Wireguard protocol, LF builds on top of (through grants/scholarships) the Linux OS. You can’t argue that it doesn’t matter that LF doesn’t have control over the underlying technology, but then argue that it does matter in Tailscale’s cause.

      • Ulrich@feddit.org
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        6 days ago

        It doesn’t matter in either case. Neither of them have control over the underlying technology.

        • Mordikan@kbin.earth
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          6 days ago

          Does The Linux Foundation have complete control over Linux?

          You’re the one who said it, though.

          • Ulrich@feddit.org
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            6 days ago

            Yes I did say that. I don’t understand what you’re trying to communicate. TLF does not control Linux, just as Tailscale does not control WireGuard. Tailscale does control Tailscale. There’s nothing wrong with using Linux and there’s nothing wrong with using WireGuard. There may be something wrong with using Tailscale. I don’t know how to be more clear about this.