Duo Security
Latest round
- Series D
Last raised
- Oct 2017
Total raised
- $120M
Investors
- 11
About Duo Security
Duo Security, Inc.Founded in 2009 in Ann Arbor, US, Duo Security, Inc. specializes in identity and access management. The company was acquired by Cisco Systems, Inc.35 billion in October 2018. Jon Oberheide, one of the co-founders, has a background in cybersecurity and previously founded other tech companies.Duo Security specializes in comprehensive identity and access management solutions, offering a suite of products designed to enhance security while providing a seamless user experience. Their core offerings include multi-factor authentication (MFA), single sign-on (SSO), and advanced identity intelligence tools that collectively address the challenges of modern cybersecurity threats, particularly phishing attacks. These products ensure secure sign-ins and manage user permissions dynamically, catering to a diverse clientele that spans small and medium-sized businesses, enterprises, and governmental organizations across sectors such as finance, healthcare, education, and technology.Duo Security operates primarily on a subscription-based revenue model where clients pay a monthly fee per user for access to the company's suite of security products. Their pricing plans include different tiers: Duo Essentials at USD 3 per user per month, Duo Advantage at USD 6 per user per month, and Duo Premier at USD 9 per user per month, catering to varying levels of security needs. This structure allows businesses to select a plan that aligns with their specific security requirements, whether they are small startups or large enterprises. Revenue transactions typically occur through direct sales to businesses, with clients often entering into annual agreements that facilitate predictable revenue streams for the company.Duo Security aims to expand its product offerings and enhance its market presence., Duo is expected to leverage Cisco’s resources to introduce new products aimed at improving cybersecurity measures against evolving threats. They are targeting expansion into additional markets in Europe and Asia by 2025.35 billion, will support these initiatives, providing the necessary capital for development and market entry.
Who invested in Duo Security
11 investors across 6 rounds
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Questions about Duo Security
Who invested in Duo Security?
Duo Security has 11 investors on record across 6 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Duo Security raised?
Duo Security has raised 6 venture rounds. Sign up free to see how much each round raised and the total.
When did Duo Security last raise money?
Duo Security's most recent round on record is a Series D, in Oct 2017.
What does Duo Security do?
Duo Security is a software company.
Where is Duo Security headquartered?
Duo Security is headquartered in Ann Arbor, US.
Which VCs invest in companies like Duo Security?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Duo Security's stage. Their profiles are linked below.
VCs backing software startups at Series D
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