Bengaluru: The leading intelligent DNS and traffic management platform, NS1 secures $20 million in series B funding round backed by Deutsche Telekom Capital Partners and Two Sigma Ventures, along with the participation of existing investors including Flybridge Capital Partners and Sigma Prime Ventures. The raised funds will be utilized to continue rapid growth and innovation to build a smarter internet. Jack J. Young, Partner & Head of Venture Capital, Deutsche Telekom Capital Partners will be joining NS1 board.
Commenting on the funding, Kris Beevers, Co-Founder & CEO, NS1, asserts, “Application architectures have changed dramatically in the last decade, with an increasingly significant focus on the delivery of dynamic, distributed and heavily automated applications. As a result, there is a massive opportunity to provide application developers with tools to manage performance and reliability, improve operational efficiency and more effectively direct traffic in real time as conditions change in the application infrastructure and on the internet.”
Headquartered in New York, NS1 was founded by Alex Vayl, Kris Beevers, and Jonathan Sullivan in June 2013 with an aim to make intelligent routing decisions in real time, ensuring optimal application performance and reliability. With the data driven architecture and exclusive Filter Chain routing engine, the company’s intelligent DNS and traffic management system is purpose-build for the most demanding and mission critical applicants on internet. NS1's elite customers include Yelp, LinkedIn, Imgur, MaxCDN, Collective Media and many more.
Speaking on the event, Jack J. Young, Partner & Head of Venture Capital, Deutsche Telekom Capital Partners says, “The NS1 platform is a mission-critical component of some of the most visited websites and applications in the world. In a short time, they have achieved market acceptance by the leading players in the industry. The company has a vision to truly transform how modern applications are delivered, and we believe they are poised to successfully execute on that vision. DTCP looks forward to NS1's continued fast growth and we are excited to include them in our portfolio.”