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) ((jim.finkle@thomsonreuters.com; +1 416 687-7362; Reuters Messaging: jim.finkle.thomsonreuters.com@reuters.us))
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
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) ((jim.finkle@thomsonreuters.com; +1 416 687-7362; Reuters Messaging: jim.finkle.thomsonreuters.com@reuters.us))
