OpenDNS, the company best known for its DNS service that adds a level of security by monitoring domain name requests, today announced that it has raised $35 Million in a round funded by existing and new investors.
The company plans to use the large cash injection to accelerate adoption of its cloud-delivered security services.
The total amount rasised by the company is now $53 million, an OpenDNS spokesperson told SecurityWeek.
The San Francisco, Calif.-based company says that 50 million users utilize its services on a daily basis, and that it has more than 10,000 enterprise customers using its security solutions.
The company explains that its portfolio is centered on two technologies: a global delivery mechanism for security called Umbrella, and a predictive threat intelligence platform called Security Graph.
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David Ulevitch, CEO of OpenDNS (Credit: OpenDNS) |
Launched by OpenDNS in November 2012, Umbrella is a DNS-based security solution delivered through the cloud that helps protect users from malware, botnet and phishing threats regardless of location or device.
In February of this year, OpenDNS announced that its Umbrella security service had been integrated with FireEye’s Web Malware Protection System (MPS).
“Because of its unique position in the network and use of big-data analytics and machine learning, OpenDNS regularly discovers and blocks threats no other security company has identified,” the company said. “Every second, it processes and learns from more than one million new Internet events to discover and predict when and where on the Internet new attacks are being staged.”
“The erosion of the corporate IT perimeter brought on by cloud computing, mobile computing and the use of personal access devices demands a new type of network security that is always on, friendly to the employee, and doesn’t hamper performance, wherever the user may be,”said David Ulevitch, CEO of OpenDNS.
“This financing is a milestone worth pausing for, even if just for moment,” Ulevitch wrote in a blog post. “While it might not be as important as delivering innovative products that help business and people more safely use the Internet, or partnering with incredible new customers, it does help ensure that we can continue to do those things, and do them faster.”
Existing OpenDNS investors Greylock Partners, Sequoia Capital and Sutter Hill Ventures all participated in the round, while new investors Glynn Capital, Cisco, Evolution Equity, Lumia Capital, Mohr Davidow Ventures, and Northgate Capital participated as new investors.
