Duo Security, a Ann Arbor, Michigan-based provider of a cloud-based two-factor authentication platform, raised $12m in Series B funding.
The round was led by Benchmark with participation from existing investors Google Ventures, True Ventures and Radar Partners.
The company intends to use the funds to scale sales, marketing, and product development efforts.
Led by Jon Oberheide, CTO, and Dug Song, CEO, Duo Security provides a cloud-based two-factor authentication platform to more than 5,000 organizations worldwide, including Facebook, Etsy, Random House, Paramount Pictures, Box, Toyota, Yelp, and Threadless.
FinSMEs
22/09/2014