NEW YORK, NY – April 7, 2015 – NS1, a next-generation DNS and traffic management provider, today announced a $5.35M Series A financing led by Flybridge Capital Partners and Sigma Prime Ventures. The oversubscribed round includes participation from Founder Collective, Center Electric, and a number of infrastructure industry veterans. The Company will use the funds to continue to add to its expansive global delivery footprint, further improve network performance, accelerate product innovation, and enhance customer support.
As part of the funding, David Aronoff from Flybridge Capital Partners and Raju Rishi from Sigma Prime Ventures have joined the Company’s Board of Directors.
“The DNS market is one that has seen too little innovation over the last decade and is ripe for displacement,” said David Aronoff. “The NS1 team has created a cloud-first DNS traffic management platform that meets the evolving needs of companies through a performance and feature-rich architecture. With a deep understanding of the market, proven customer traction and a truly unique product offering, NS1 is well positioned to better manage Internet traffic for the most demanding applications.”
“At Sigma, we invest in world-class teams building disruptive, game-changing solutions,” said Raju Rishi. “NS1 has assembled a veteran team with a deep and comprehensive understanding of DNS and Internet traffic management. They’ve spent years building a solution that fundamentally rethinks how DNS and Internet traffic should be managed by focusing on business rules and goals, and yet allows quick and seamless deployment. We’re excited to be working with them on growing this company.”
NS1’s patent pending traffic management technologies allow website operators to intelligently route users to the best possible service endpoint. Their unified, modern platform marries real-time analysis of application and eyeball network performance telemetry with flexible, customizable routing algorithms. This potent mix of technologies has helped NS1 dramatically improve performance for thousands of companies including leading brands like PulsePoint, OneLogin, and MaxCDN.
Imgur, one of the top 40 websites on the Internet by traffic, leverages NSONE's DNS and traffic management technology to deliver the Internet's most popular images more than 60 billion times to hundreds of millions of visitors each month. “NSONE, with all the flexibility it provides, is the future of DNS,” said Alan Schaaf, CEO, Imgur.
Kris Beevers, CEO of NSONE, said: “At NSONE, we’re deeply passionate about providing technology and tools to deliver today’s most demanding, performance-sensitive applications. As engineers and developers, we know that modern stacks demand DNS with lightning fast performance, complete automation, real-time visibility, and flexible tools to shift traffic across distributed infrastructures. We’ve built a truly next-gen platform that’s now servicing the most demanding applications on the Internet, and we’re thrilled to have the support of a group of investors that truly understands the market and can provide us with both capital and experience as we continue our rapid growth.”
NS1 is a next generation DNS and traffic management provider based in New York City. Launched in 2013, NS1 has quickly won major customers including Imgur, Collective Media, OneLogin, and many more with its unique blend of high performance DNS and granular but easy to use traffic management tools. For more information, visit http://www.nsone.net.
About Flybridge Capital Partners
Founded in 2001, Flybridge Capital Partners is an early-stage venture capital firm with offices in Boston and New York City whose mission is to provide early-stage investment capital to outstanding entrepreneurs pursuing large market opportunities. With more than $600 million under management, the firm is focused on seed and early-stage investing in technology markets. The firm has invested in over 75 companies including Brontes Technologies (acquired by 3M), Cartera Commerce, Crashlytics (acquired by Twitter), DataXu, Digital Lumens, Firebase (acquired by Google), JouleX (acquired by Cisco), MongoDB, Open English, Reveal Imaging (acquired by SAIC), Stackdriver (acquired by Google) and ZING (acquired by Dell). For more information, visit http://www.flybridge.com.
About Sigma Prime Ventures
Sigma Prime Ventures is a venture capital firm that invests in early stage companies in the areas of SaaS, Cloud, Mobile, Disruptive Technologies and Technology-Enabled Services. The firm invests in great entrepreneurs and works in conjunction with them to build great companies. Sigma’s partners have deep operating and startup experience, collectively having founded 11 companies, provided executive leadership to 17 companies, and had exits worth over $4.2B. Since 1984, the firm’s partners have fostered the growth & exit of numerous technology companies, including Internet Security Systems (IPO), m-Qube (acquired by VeriSign), Storage Networks (IPO), Vignette (IPO), Vlingo (acquired by Nuance), Aprimo (acquired by Teradata), Initiate (acquired by IBM), Octane (acquired by e.Piphany), OpenPages (acquired by IBM), Tradex (acquired by Ariba) and others. Sigma Prime Ventures has offices in Boston and New York City, and invests across the U.S. with a focus on the East Coast. For more information, please visit http://www.sigmaprime.com.