Tech firm NS1 raises $20 mn in round led by GGV Capital
York-based intelligent DNS (Domain Name System) and traffic management provider NS1 has raised a $20 million round led by GGV Capital, a venture capital firm focused on multi-stage investments in the US and China, the firm announced on 7 September.
Salesforce Ventures and existing investors including Deutsche Telekom Capital Partners, Flybridge Capital Partners, Sigma Prime Ventures, Telstra Ventures and Two Sigma Ventures also participated in the round.
As part of the funding, GGV Capital’s Glenn Solomon will join NS1’S board, it said in a statement.
The company will use the financing to help even more online brands take control over their traffic and infrastructure to build reliable, high-performance applications, it added.
Kris Beevers, NS1’S co-founder and CEO, said: “DNS has long been an underappreciated opportunity to take granular control over internet traffic, and it’s the entry point to every online application. By unlocking the potential of DNS with our unique software and delivery platforms, NS1 will continue to solidify its position as the clear market leader in DNS. We’re excited to continue our mission to build a smarter internet and become a foundational internet player in the coming years.”
Established in 2013, NS1’S intelligent DNS and traffic management platform, with its data-driven architecture and unique Filter Chain routing engine, claims to address the needs of today’s distributed, dynamic, and automated application architectures. The firm counts large internet and enterprise brands including Linkedin, The Guardian, Dropbox, Weight Watchers, and Salesforce among its customers.
NS1’S platform technologies, with data driven real-time global traffic management and deep API automation capabilities, will continue to expand as the company increases investment in engineering team and global network infrastructure.
The firm raised $20 million in a Series B round led by Deutsche Telekom Capital Partners, with participation from Two Sigma Ventures and existing investors including Flybridge Capital Partners and Sigma Prime Ventures in September last year.