OpenDNS has raised $35 million in Series C funds that it will use to bolster its cloud security services. David Ulevitch, OpenDNS's chief executive officer, said the new investment also could help his company accelerate its growth in the cloud security services market.

Dan Kobialka, Contributing writer

May 16, 2014

1 Min Read
OpenDNS Chief Executive Officer David Ulevitch
OpenDNS Chief Executive Officer David Ulevitch

OpenDNS, a cloud security services provider, has raised $35 million in Series C funds that it will use to expand its offerings.

OpenDNS enables enterprises to detect and contain advanced attacks before they can cause serious damage, the company said. In addition, OpenDNS created Umbrella, a cloud security service that delivers automated protection against advanced attacks.

Last year, OpenDNS began offering a multi-tenant dashboard, monthly billing and volume pricing for Umbrella. The company also integrated predictive detection into Umbrella Security Graph, an OpenDNS cloud security tool that “block[s] sites that are going to host malware, bot networks and phishing before they actually become malicious.”

In a prepared statement, OpenDNS claimed the Series C funds confirm investors’ confidence in its cloud security services. The company announced several new investment partners as well, including:

  • Cisco Systems (CSCO)

  • Evolution Equity

  • Lumia Capital

  • Mohr Davidow Ventures

  • Northgate Capital

OpenDNS Chief Executive Officer David Ulevitch commented on the new investment in a blog post:

“We’re going to use the funding to hire more engineers and researchers, to improve our free services and to accelerate our go-to-market efforts as a leading enterprise security company … The market is ready for lightweight, highly effective and easy to manage cloud-delivered security right now. And our product is ready to support that need.”

Ulevitch added the Series C funds could help OpenDNS accelerate its growth in the cloud security services market.

“The faster we can grow our business, the more people we can hire, and ultimately, the better a service we can build and offer. It’s a virtuous cycle, and we want to speed it up,” Ulevitch said.

About the Author(s)

Dan Kobialka

Contributing writer, Penton Technology

Dan Kobialka is a contributing writer for MSPmentor and Talkin' Cloud. In the past, he has produced content for numerous print and online publications, including the Boston Business Journal, Boston Herald and Patch.com. Dan holds a M.A. in Print and Multimedia Journalism from Emerson College and a B.A. in English from Bridgewater State College (now Bridgewater State University). In his free time, Kobialka enjoys jogging, traveling, playing sports, touring breweries and watching football (Go Patriots!).  

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