October 18, 2017 / 11:34 AM / 3 years ago

Duo Security raises $70 million, valuing the company at $1.1 billion

(Reuters) - Duo Security said on Wednesday that it has raised $70 million in a Series D financing round from investors including Meritech Capital Partners, Lead Edge Capital and Index Ventures.

The deal valued the cyber-security firm at $1.1 billion, according to Duo, which sells cloud-based software that organizations use to authenticate computer users and check the health of devices before they can access corporate networks.

Business software maker Workday Inc (WDAY.O) will make a strategic investment as part of the round and enter into a technical partnership with Duo, the company said.

Duo has more than 500 employees and over 10,000 customers, including Etsy, Facebook, K-Swiss, Paramount Pictures, Random House, Yelp and Zillow.

Reporting by Jim Finkle in Toronto; Editing by Leslie Adler

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below