NS1 raises $33M to accelerate penetration into edge computing, service delivery, and IoT
NS1, a leader in next generation DNS and application traffic management solutions, announced it has raised a $33 million Series C venture round.
The round was led by Dell Technologies Capital, with participation from Cisco Investments and existing investors Deutsche Telekom Capital Partners, Entrée Capital, Flybridge Capital Partners, GGV Capital, Mango Capital, Salesforce Ventures, Sigma Prime Ventures, Telstra Ventures, and Two Sigma Ventures.
NS1 solutions provide application delivery and traffic control that is critical for revenue, business operations, automation, and the best user experiences to the most highly trafficked internet and enterprise applications.
Customers include LinkedIn, Dropbox, Pitney Bowes, a top 5 US airline, a top 10 US automotive company, a top 10 global gaming company, and a top online payment provider. NS1 continues to grow rapidly with a nearly 90% compound growth rate since 2016 and more than 450 major customers worldwide.
“The rapid adoption of hybrid and multi-cloud, edge computing, DevOps, and microservices have increased complexity within the application traffic management stack and amplified expectations of how applications should connect and perform,” said Kris Beevers, co-founder and CEO of NS1.
“NS1’s modern traffic management solutions gather real-time intelligence in order to deliver smart routing decisions that have a profound impact on performance, security, and resiliency.
“We enable enterprise operations and application traffic teams to overcome complexity and often unpredictable conditions in infrastructure to deliver the best and safest user experiences.”
Over the past two years, NS1 has rapidly expanded its next generation domain name system (DNS) and application traffic management offerings.
Earlier this year, the company unveiled NS1 Enterprise DDI, the only DNS, DHCP, and IP Address Management (DDI) solution with advanced traffic management, rapid propagation, integration with popular application development and monitoring tools, and an API-first design built for DevOps environments.
It also released the Domain Security Suite, a turnkey suite of enterprise-grade DNS services and capabilities designed to keep organizations and their customers safe from a growing number of DNS threats.
NS1’s implementation of Domain Name System Security Extension (DNSSEC) eliminates many barriers that delay DNS security adoption, and a recent customer collaboration has enabled the first implementation of multi-signer DNSSEC.
NS1 has received more than $85 million in venture funding since 2015. As part of this funding, Tyler Jewell, managing director at Dell Technologies Capital, will join NS1’s board of directors.
The company will use the additional funds to accelerate its penetration into edge computing, service delivery, and IoT, and scale market activities to meet global demand.
“There’s a profound shift underway in infrastructure that requires a new generation of management solutions that automate, protect and improve the delivery of constantly-connected applications and services,” said Jewell.
“We’re thrilled to have NS1 join our portfolio of leading-edge companies delivering world-changing technologies and benefit from our expertise and resources to accelerate growth, market and customer access, and scale.”
“Today’s exponential growth of network and application traffic across varied environments is creating massive security blind spots,” said Rob Salvagno, vice president of Corporate Development and Cisco Investments.
We decided to invest in NS1 because their elastic and flexible architecture securely optimizes the edge—representing an exciting next step in securing massive and dynamic traffic zones for large-scale internet applications.”