Nord Security, a global leader in internet privacy and security solutions, has secured a $100m investment.
The substantial funding round has come from Warburg Pincus, a premier global growth investor. Other noteworthy participants in this round include Novator Ventures and Burda Principal Investments.
Delving into its operations, Nord Security has transformed how users perceive and interface with digital security. The company offers a comprehensive security tool that shields online traffic, sends out breach alerts, combats malicious software downloads, and provides support in being removed from data broker lists. This approach has clearly set Nord Security apart, raising the bar for the entire industry. Given the looming cyber threats and their increasing intricacies, there’s an undoubted emphasis on sustainable growth and proactive security measures.
With this fresh investment, the firm aims to broaden its product range and fast-track growth via strategic collaborations and acquisitions. This move is anticipated to further bolster the security measures for both individual and business clientele.
Nord Security boasts of an impressive range of products including the world-renowned VPN service, NordVPN, the NordPass password manager, the NordLayer business network access security software, and the NordLocker encrypted cloud storage. Prior to its external funding ventures, Nord Security was a bootstrapped entity for over a decade, demonstrating a resilient and diversified revenue model.
In 2022, the company expanded its portfolio by teaming up with another consumer cybersecurity heavyweight, Surfshark. Surfshark’s impressive product array comprises a consumer VPN, Antivirus, the Alert online data leak detection system, the Alternative ID online identity protection tool, the Search private search tool, and the Incogni automated personal data removal system.
Founded in Lithuania in 2012 by co-CEOs Tom Okman and Eimantas Sabaliauskas, Nord Security was built with a vision to offer accessible internet security and privacy tools for everyone. Today, the company stands tall, trusted by millions globally and employing approximately 2,000 experts in over 20 markets.
On the investment front, Warburg Pincus has a rich history, having invested over $22bn in tech companies, and holds a formidable reputation in nurturing growing cybersecurity entities.
Tom Okman, co-CEO and co-founder at Nord Security, shared his sentiments, “Our users’ trust allowed us to remain on a sustainable and profitable journey for more than decade. We are grateful that Warburg Pincus shares that trust and our vision for the future of the internet. The new financing round, together with our investors’ experience and know-how, allow us to be in an even stronger position to make the Nord name synonymous with online privacy and security.”
Eimantas Sabaliauskas, co-CEO and co-founder at Nord Security, added, “Modern cybersecurity requires cutting-edge innovations. The Nord community, made up of individuals from all corners of the globe, work together to make sure that our users can be safer online, every day.”
Previously, in April 2022, Nord Security clinched a $100m investment, valuing the company at $1.6bn, and impressively, in just over a year, the company doubled its valuation to $3bn.
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