NEW YORK, NY, NS1, a leading intelligent DNS and traffic management provider, announced today that it has raised a $20 million venture round.
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The round was led by GGV Capital, with participation from Salesforce Ventures and existing investors Deutsche Telekom Capital Partners, Flybridge Capital Partners, Sigma Prime Ventures, Telstra Ventures and Two Sigma Ventures. As part of the funding, GGV Capital's Glenn Solomon will join NS1's board.
The technology landscape for online businesses has become increasingly complex as cloud, DevOps and other major technology trends have taken hold. At the same time, network outages and malicious attacks have become more prevalent; all while internet audiences have come to demand perfect availability and snappy performance. NS1's software and services help companies navigate these challenges by implementing intelligent DNS and traffic management to optimize application delivery and keep their websites up and running. The company will use this financing to help even more online brands take control over their traffic and infrastructure to build reliable, high performance applications.
A leader in DNS and traffic management space: Since its inception in 2013, NS1 has quickly established itself as the technology leader in the DNS ecosystem, with major customer wins among the highest trafficked internet brands, including Dropbox, Imgur, Pandora, Yelp and many more.
Rapid expansion into enterprise segment: Since its Series B financing in 2016, the company has landed key enterprise customer wins including The Guardian and Weight Watchers. Enterprise demand for NS1's software and services has accelerated as a result of critical enterprise technology initiatives for digital transformation, operational efficiency, DDoS resiliency and datacenter automation.
Accelerated investment in software and services: 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 its world-class engineering team and global network infrastructure. Recent product launches include NS1's self-service Developer Edition plans and Managed DNS for China, which enables enterprises to more effectively address the Chinese audience.
Kanwar Gill, senior director of DevOps at Weight Watchers, said: "At Weight Watchers, we trust NS1 to deliver mission critical DNS and traffic management for our key domains. Like most tech companies, we're focused on rock solid, high performance, operationally efficient application delivery, and to provide the best service to our users, we have built a delivery stack that's modern, automated and resilient. NS1 is a critical part of that stack: they are pushing the boundaries of DNS technology, and we've been blown away by the quality of service we've received from the NS1 platform and team. As a customer, we're thrilled for this new funding round and excited to see NS1 continue to invest in their software and platform."
Kris Beevers, NS1's cofounder and CEO, said: "With the shifting DDoS threat environment and copious M&A activity, the DNS and traffic management market has seen rapid change since we raised our Series B round late last year. Today, NS1 is the only major provider focused solely on the delivery of mission critical DNS and traffic management software and services to internet and enterprise companies. We are just getting started: 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."
Glenn Solomon, managing partner, GGV Capital, said: "NS1 has completely re-thought how DNS and traffic management should be performed and has brought to market a software-driven, modern solution. Having spoken to many leading internet scale and enterprise customers and prospects, it's clear the market is blown away by the capabilities, performance and service levels of the NS1 solution. At GGV Capital we seek to invest in global leaders, and we're highly confident NS1 is on the path to becoming a must-have for all the top internet and enterprise players."
NS1's intelligent DNS and traffic management platform, with its data-driven architecture and unique Filter Chain routing engine, is the first DNS technology to address the needs of today's distributed, dynamic, and automated application architectures. NS1's purpose built software and services are trusted by the largest internet and enterprise brands, including customers like LinkedIn, The Guardian, Dropbox, Weight Watchers, Salesforce, and many others. Visit ns1.com to learn more.
About GGV Capital
GGV Capital is a multi-stage venture capital firm that has been successfully partnering with leading technology entrepreneurs for the last 17 years. Operating in the two largest economies in the world, the U.S. and China, GGV invests in globally minded entrepreneurs in the Commerce/Consumer, FrontierTech, and Cloud/SaaS sectors. GGV has $3.8 billion in capital under management across eight funds. For more information: www.ggvc.com.
About Salesforce Ventures
Salesforce is the fastest growing top five enterprise software company and the #1 CRM provider globally. Salesforce Ventures-the company's corporate investment group -- invests in the next generation of enterprise technology that extends the power of the Salesforce Intelligent Customer Success Platform, helping companies connect with their customers in entirely new ways. Portfolio companies receive funding as well as access to the world's largest cloud ecosystem and the guidance of Salesforce's innovators and executives. With Salesforce Ventures, portfolio companies can also leverage Salesforce's expertise in corporate philanthropy by joining Pledge 1% to make giving back part of their business model. Salesforce Ventures has invested in more than 200 enterprise cloud startups in 14 different countries since 2009. For more information, please visit http://www.salesforce.com/ventures.