OpenDNS Raises $35M, Plans More R&D, Go to Market Acceleration

OpenDNS, a cloud security services provider, has raised $35 million in Series C funds that it will use to expand its offerings.

OpenDNS enables enterprises to detect and contain advanced attacks before they can cause serious damage, the company said. In addition, OpenDNS created Umbrella, a cloud security service that delivers automated protection against advanced attacks.

Last year, OpenDNS began offering a multi-tenant dashboard, monthly billing and volume pricing for Umbrella. The company also integrated predictive detection into Umbrella Security Graph, an OpenDNS cloud security tool that “block[s] sites that are going to host malware, bot networks and phishing before they actually become malicious.”

In a prepared statement, OpenDNS claimed the Series C funds confirm investors’ confidence in its cloud security services. The company announced several new investment partners as well, including:

OpenDNS Chief Executive Officer David Ulevitch commented on the new investment in a blog post:

“We’re going to use the funding to hire more engineers and researchers, to improve our free services and to accelerate our go-to-market efforts as a leading enterprise security company … The market is ready for lightweight, highly effective and easy to manage cloud-delivered security right now. And our product is ready to support that need.”

Ulevitch added the Series C funds could help OpenDNS accelerate its growth in the cloud security services market.

“The faster we can grow our business, the more people we can hire, and ultimately, the better a service we can build and offer. It’s a virtuous cycle, and we want to speed it up,” Ulevitch said.