OpenDNS receives $35 million in funding
OpenDNS is a cloud-delivered security company that has received a $35 million round of funding from existing investors Greylock Partners, Sequoia Capital and Sutter Hill Ventures with participation from new investors Glynn Capital, Cisco Systems, Evolution Equity, Lumia Capital, Mohr Davidow Ventures, and Northgate Capital. OpenDNS has 50 million daily active users of its services and over 10,000 enterprise customers.
OpenDNS runs a global delivery mechanism for security that is known as Umbrella and it also runs an advanced predictive threat intelligence platform called Security Graph.
These two services enable OpenDNS to protect any device from threats. OpenDNS regularly discovers and blocks threats using big data analytics and machine learning.
“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,” stated 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.”