Previous investments from Cisco and Dell Technologies Capital have created opportunities to extend NS1’s market reach and magnify the company’s distribution channel
FREMONT, CA: Modern application and access networking leader NS1 raised USD 40 million in a Series D funding round led by Energy Impact Partners with participation from existing investors. The new investment round takes the company’s total raised capital to USD 125 million. The Series D investment round is a testament to the company’s growth and will support the company’s continued innovation and development of modern foundational technologies that power the connected economy. As part of the investment round, Shawn Cherian, partner at Energy Impact Partners will join NS1’s board of directors.
“The hyper-connectivity of today’s world has made IT transformation a business imperative. Meeting this demand depends on reliable IT operations and trusted technology partnerships,” said Bask Iyer, chief information officer and chief digital transformation officer, VMware. “Working with NS1 to implement its Managed DNS has helped us build a resilient, more secure and high performing network that improves customer experience, IT efficiency, and application reliability.”
Despite IT modernization trends being well established, recent events have highlighted the importance of high-performing resilient applications and the critical infrastructure technology that supports them. As legacy internet and networking solutions come under pressure amidst the COVID-19 pandemic, NS1’s software-defined solutions provide the flexibility and scalability to keep its customers resilient and people connecting, streaming, innovating, and moving the world forward.
Previous investments from Cisco and Dell Technologies Capital have created opportunities to extend NS1’s market reach and magnify the company’s distribution channel. The latest round of funding, which represents a significant increase in valuation for the company, will allow NS1 to more aggressively invest in product innovation, and expand the company’s engineering capacity so it can continue to develop market-leading solutions that power the connected economy.
“There is heightened urgency to expedite IT modernization. Five-year projects are being condensed to one year, and the only way to deliver on these aggressive timelines is by unlocking leverage in foundational application and networking infrastructure,” said Kris Beevers, co-founder and CEO, NS1. “This additional investment at a time of rapid growth at NS1 helps us capitalize on the market opportunity to meet the escalating demand for the modern foundational technologies used by every business, enabling them to quickly adapt to changing environments, more effectively control costs, and deliver reliable, secure, and exceptional user experiences.”