Duo Security has wrapped up its latest round of fundraising and has signed on a big-name investor,
Google Ventures.
Google Ventures, the venture capital arm of Google, led the Series A round of venture capital worth $5 million. It was joined by
True Ventures and downtown Ann Arbor-based VC,
Resonant Venture Partners. These new funds will help Duo Security grow its team as it works to increase the breadth and reach of its software.
"We're expanding the team to roles beyond engineering," says Brian Kelly, senior product marketing manager and one of
Duo Security's recent hires. He adds that the new jobs created will include marketing and sales positions.
Duo Security, which calls the Tech Brewery home, is developing an authentication platform for mobile devices that helps users prevent identity and data theft. This two-factor authentication service provides an interactive secondary login through an intuitive web interface.
The two-year-old Ann Arbor-based start-up was originally launched as Scio Security. It was co-founded by
Dug Song, one of Ann Arbor's up-and-coming tech entrepreneurs, and Jon Oberheide, who recently completed his PhD in computer science from the University of Michigan. The company raised an initial seed round worth $1 million a little more than a year ago from True Ventures and
Resonant Venture Partners.
Source: Brian Kelly, senior product marketing manager for Duo Security
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.