What is Duo Security?
Founded in 2009 and headquartered in Michigan, Duo Security specializes in providing robust security software products and services. The company's core offering is a two-factor authentication service designed to enhance login security for businesses and individuals. This focus on identity and access management positions Duo Security as a key player in the cybersecurity landscape, addressing the increasing need for advanced protection against unauthorized access in an evolving digital environment.
How much funding has Duo Security raised?
Duo Security has raised a total of $118M across 5 funding rounds:
Angel/Seed
$1M
Series A
$5M
Series B
$12M
Series C
$30M
Series D
$70M
Angel/Seed (2010): $1M with participation from True Ventures
Series A (2012): $5M led by Google Ventures
Series B (2014): $12M supported by Benchmark Capital
Series C (2015): $30M featuring Redpoint Ventures, True Ventures, Radar Partners, Google Ventures, and Benchmark Capital
Series D (2017): $70M backed by Geodesic Capital, Index Ventures, Redpoint Ventures, True Ventures, Workday, Meritech Capital Partners, and Lead Edge Capital Management
Key Investors in Duo Security
Geodesic Capital
Geodesic Capital is an investment firm that specializes in providing strategic guidance and critical access to Asian markets, starting with Japan. They focus on multi-stage growth investments in leading technology companies aiming for long-term expansion in the rapidly developing Asian landscape.
Index Ventures
Index Ventures is a venture firm investing in the next generation of entrepreneurs from seed to IPO. They partner with founders with bold dreams that challenge the status quo to build enduring companies.
Redpoint Ventures
Redpoint Ventures was founded in 1999 and is a venture capital firm focused on investments in early growth-stage companies.
What's next for Duo Security?
The substantial enterprise-level funding and recent strategic investment indicate Duo Security is poised for significant expansion and innovation. This capital infusion will likely fuel further development of its security solutions, potentially enabling the company to broaden its market reach, enhance its product offerings, and explore new technological advancements in authentication and access control. The company's trajectory suggests a focus on solidifying its market leadership and continuing to provide critical security infrastructure.
See full Duo Security company page
