Duo Security Obtains $30,000,000 Series C Financing

  • Feed Type
  • Date
    4/14/2015
  • Company Name
    Duo Security
  • Mailing Address
    123 N. Ashley St. Ann Arbor, MI 48104 USA
  • Company Description
    Duo Security provides strong two-factor authentication as a service built to prevent account takeover and data theft. Duo uses a mobile phone as the second factor to make authenticating easy and convenient. At Duo, we aim to frustrate attackers — not your users!
  • Website
    http://www.duosecurity.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $30,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    The Series C round brings Duo Security’s total funding to approximately $48 million, which the company will use to accelerate investment in engineering and international expansion as it rolls out the most effective solution to prevent security breaches and data theft.
  • M&A Terms
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor

Trending on Xconomy