OpenDNS Raises $35 Million to Accelerate Adoption of Leading Cloud-Delivered Security Services
Investment Builds on OpenDNS’s Predictive Threat Intelligence Capabilities that Analyze more than One Million New Data Points per Second For more than 10,000 Enterprise Customers
SAN FRANCISCO, May 15, 2014-- OpenDNS, one of the world’s largest providers of cloud-delivered security, today announced a $35 million investment round. Existing OpenDNS investors Greylock Partners, Sequoia Capital and Sutter Hill Ventures all participated in the round, reaffirming their confidence in the vision and execution of the OpenDNS team. OpenDNS also welcomes Glynn Capital, Cisco, Evolution Equity, Lumia Capital, Mohr Davidow Ventures, and Northgate Capital as new investment partners.
"OpenDNS is the future of enterprise security, protecting workers the way they work today. We are proud to be an investor in the company and believe in the team and its mission," said Stefan Dyckerhoff, Managing Director of Sutter Hill Ventures and former senior executive at both Cisco and Juniper Networks. “OpenDNS is forging new ground in enterprise threat protection with a cloud-delivered, predictive security service that protects all devices, anywhere, anytime without sacrificing performance or manageability. OpenDNS is a true innovator among security companies.”
In addition to the 50 million daily active users of its services, OpenDNS has more than 10,000 enterprise customers using its security solutions. OpenDNS’s portfolio is centered on two leading technologies: a global delivery mechanism for security called Umbrella, and an advanced predictive threat intelligence platform called Security Graph. Combined, they provide consistent protection from the Internet’s most nefarious threats anywhere, anytime and on any device. 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. 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.
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"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. “We identified this market opportunity several years ago. Since then we have built the team, threat intelligence-gathering infrastructure, and the security enforcement platform needed to provide businesses with seamless protection from cyber threats. OpenDNS represents an emerging best practice for enterprises responding to the rapidly evolving IT and security landscape.”
Earlier this year, OpenDNS was voted the number one innovative security company in the Red List survey of security practitioners published annually by Justin Somaini, Chief Trust Officer at Box.
According to the report: "OpenDNS came out way ahead of all other vendors. While they have been around for some time, since 2005, their core value of threat and policy management via DNS is a strong value with 43 percent of people saying they provide ‘high value.’ It’s also interesting to note that the root of the company was in consumer security and only recently, in the past couple of years, made the move into the Enterprise. With this the value is resonating significantly amongst CISO’s. We should see much more of them in the future as they make their push farther. Competitively, it looks like they have a solid ownership as I struggle to see anyone competing with them in their space."
OpenDNS is the world's leading provider of Internet security and DNS services, enabling the world to connect to the Internet with confidence on any device, anywhere, anytime. OpenDNS provides millions of businesses, schools and households with a safer, faster and more intelligent Internet experience by protecting them from malicious Web threats and providing them control over how users navigate the Internet, while dramatically increasing the network's overall performance and reliability. OpenDNS provides a cloud-delivered network security service that blocks advanced attacks, as well as malware, botnets and phishing threats regardless of port, protocol or application. Our intelligence leverages machine learning to automate protection in real-time against unknown, emergent threats. OpenDNS protects all your devices globally, and stays up-to-date without admin intervention. For more information, please visit: www.opendns.com.
Marc Gendron PR
Marc Gendron, 781-237-0341
Venture Capital Database