News Summary

Toronto-based corporate VPN startup Tailscale has achieved significant growth, doubling its corporate client base to over 10,000 paid business customers in just ten months. This expansion is largely driven by the strong demand from AI companies, which utilize Tailscale’s services to manage complex networking needs across multiple cloud providers. Tailscale’s solution provides secure network access without the complexity of traditional VPNs, making it an ideal choice for AI firms grappling with data transfer, compliance, and privacy issues. Founded by former Google engineers, Tailscale has raised $148 million CAD to date, including a $128-million Series B round that valued the company at over $1 billion. The startup continues to expand its team and product offerings, aiming to maintain its over 100 percent annual growth rate while catering to both large enterprises and smaller clients. Tailscale’s leadership team, now strengthened by former Cloudflare executive Grace Lin, is focused on international expansion and further scaling of its operations.