What is Duo Security?
Duo Security operates at the intersection of identity verification and enterprise security software. By providing a seamless two-factor authentication service, the company mitigates the risks associated with unauthorized access, a primary concern for organizations managing complex cloud and on-premise environments. Its market position is defined by a user-centric approach to security, which prioritizes ease of use without compromising the integrity of the authentication process. As a key player in the cybersecurity sector, Duo Security has become an essential component of the modern enterprise technology stack, enabling secure access for users across diverse digital platforms.
How much funding has Duo Security raised?
Duo Security has raised a total of $118M across 5 funding rounds:
Angel/Seed
$1M
Series A
$5M
Series B
$12M
Series C
$30M
Series D
$70M
Angel/Seed (2010): $1M with participation from True Ventures
Series A (2012): $5M led by Google Ventures
Series B (2014): $12M supported by Benchmark Capital
Series C (2015): $30M featuring Redpoint Ventures, True Ventures, Google Ventures, Radar Partners, and Benchmark Capital
Series D (2017): $70M backed by Workday, Geodesic Capital, Index Ventures, Redpoint Ventures, True Ventures, Lead Edge Capital Management, and Meritech Capital Partners
Key Investors in Duo Security
True Ventures
True Ventures is a founder first venture capital firm that partners with creative teams at the earliest stages, providing capital, guidance and a strong community to help build enduring technology and artificial intelligence driven companies.
Google Ventures
GV is a venture capital firm founded in 2001 that invests across multiple stages and sectors, focusing on enterprise solutions, life sciences, and frontier technology innovations.
Benchmark Capital
Benchmark Capital is a prominent venture capital firm known for its early-stage investments in transformative technology companies and its hands-on approach to building market-leading businesses.
What's next for Duo Security?
With the support of its strategic partners, Duo Security is well-positioned to further its mission of democratizing secure access. The recent capital injection is expected to accelerate product innovation, particularly in the realms of zero-trust architecture and adaptive authentication. By leveraging the expertise of its diverse investor base, the company is likely to expand its global footprint and deepen its integration capabilities within the broader enterprise software ecosystem. As the threat landscape continues to evolve, Duo Security's focus on scalable, reliable, and user-friendly security solutions will remain a critical driver of its long-term growth and market leadership.
See full Duo Security company page
