What’s Next for Security and Duo?
It’s a huge day for us at Duo -- we’re announcing the forthcoming release of Duo Platform Edition and we’re thrilled to tell the world about our latest round of funding, led by Redpoint Ventures.
Allen Beasley, partner at Redpoint Ventures, and his team believe in the path Duo is on to democratize security and offer security solutions that take the suffering away from the end-user. Let’s face it, security has really sucked in years past. Users hate the barriers to getting access to the information they need to do their jobs and IT admins hate the giant overhead and burden of managing multiple security solutions.
Benchmark, Google Ventures, Radar Partners, Redpoint Ventures, and True Ventures see the same thing we’re seeing at Duo: the security industry needs a fresh take on solving the problem of data breaches. Giant corporations like JP Morgan are spending $250 million dollars a year and they’re still getting breached. Why are organizations spending more money than ever on security, but seeing the number of data breaches increase?
We’re tackling that problem by building on our easy and effective two-factor authentication solution with Duo Platform which offers additional functionality, while keeping security easy and painless for the end-user. It’s time to end the suffering for the user. That’s our primary goal and we’re happy to say that our investors stand behind us in these efforts.
With this round of funding, Duo will continue company growth and expansion, while innovating in the security industry. We’re opening a new sales and marketing arm in San Mateo, California, and venturing into London to serve the EMEA market longing for easy and effective security.
We’re grateful for an incredible group of customers who share their challenges with us so that we can create products that just work. I couldn’t be prouder of our organization, our backers, our customers, and our product.