Duo Security, an Ann Arbor, Michigan-based provider of cloud-based access security solutions, raised $30m in Series C funding.
The round was led by Redpoint Ventures with participation from existing backers Benchmark, Google Ventures, Radar Partners and True Ventures.
The company, which has now raised approximately $48m, intends to use the funds to accelerate investment in engineering and international expansion.
Led by CEO Dug Song, Duo Security provides a cloud-based access security for companies to protect users, data, and applications from breaches, credential theft and account takeover.
Already used by companies includes Zillow, Etsy, NASA, Facebook, Paramount Pictures, Random House, Toyota, Twitter, Yelp, TripAdvisor, The Men’s Warehouse, Dresser-Rand Group, K-Swiss, and SuddenLink, Duo Security also launched Duo Platform, which extends the benefits of its patented technology to secure access for any user to any application from any device, including personal smartphones. It allows IT teams to define policies for access, automate enforcement of controls based on risk, gain visibility into access-related security threats and get insight into the security profile of end user devices.
FinSMEs
15/04/2015