Duo Security is making a lot of news this week. There is the new product launch, Duo Platform, that promises to be a more comprehensive online security solution. There are the new jobs created, a couple dozen easy. There are the new satellite offices, both domestic and international.
And then there is the money. A lot of money.
The downtown Ann Arbor-based tech startup just closed on a Series C worth $30 million. Redpoint Ventures
led the round with participation by current investors Benchmark Capital
, Google Ventures
, Radar Partners, and True Ventures
. That's a lot of big names from the Silicon Valley venture capital world.
The money will go toward expansion of the company in a number of different ways. First and foremost will be hiring. The company moved into its new, larger home at 123 N. Ashley earlier this year, crossing the 100-person employee mark about the same time. Duo Security
currently has 30-some job openings, which can be found here
"We are hiring across the board in every department," says Jon Oberheide, CTO of Duo Security
Most of those jobs are in Ann Arbor. Some are elsewhere around the world. Duo Security has recently opened a California office and is in the process of opening a satellite office in London. That office is expected to play a key role in the company’s international expansion plans.
"We are expanding internationally for the first time," Oberheide says.
Duo Security has made a name for itself with its two-step verification software. The simple-yet-effective system that confirms the right person is accessing protected information with something as simple as a text message or push alert. The newest version of this is Duo Platform, a two-factor authentication solution that offers additional functionality, while keeping security easy and painless for the end-user. It offers a more comprehensive software platform that helps protect the path of access for everything from individuals to large businesses. Check out a video explaining it here
"We want to build a platform that is easy enough to protect customers regardless of their level of sophistication," Oberheide says.
Source: Jon Oberheide, CTO of Duo Security
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.