internet performance management firm Dyn has raised $ 50 million in collection B funding.
Dyn was once founded again in 2001, with its first product being a DNS provider known as DynDNS. Over time, it’s improved into a broader suite of merchandise that enable companies including Pfizer, Visa, Netflix and Twitter to monitor their on-line availability, security and speed.
in addition to the funding, the corporate is asserting the launch a brand new platform that CEO Jeremy Hitchcock mentioned will mix online traffic steering with data and analytics to create “a extra complete view” of performance.
for a very long time, the company used to be bootstrapped, waiting greater than a decade earlier than raising its $ 38 million collection A, and then ready another three-plus years before raising this collection B.
Dyn says it will attain greater than $ one hundred million in annualized routine revenue later this yr, Hitchcock stated it’s still primarily a “purchaser-funded business,” however the time used to be right to raise extra money: “We see an actual house for us to go faster and seize more of our possibility.”
in spite of everything, Hitchcock mentioned that as online companies are more and more international and mobile, and as they rely on an increasing number of applied sciences, they simply need Dyn extra.
“[This investment] actually underscores this entire migration is going down into the cloud and this hybrid world the place it’s getting extra difficult and more advanced,” he stated. “You’re getting access to dozens of different technologies behind-the-scenes and every of those interactions has to work simply as seamlessly.”
The series B was once led through Pamplona Capital management.
undertaking – TechCrunch