January 14, 2016
For the third consecutive year, Ann Arbor-based security provider Duo Security tripled revenue in 2015, as it now has more than one million users.
That announcement was made Wednesday morning via a press release issued by the company.
The cloud-based security access provider protects some of the world’s largest and fastest growing companies including Etsy, Facebook, NASA, Palantir, Paramount Pictures, Toyota, Twitter, Yelp, Zillow.
Duo Security co-founder and CEO Dug Song.
2015 was a tremendous year of growth for the company as Duo doubles its customer base to add new clients American Public Media, Virginia Tech, Fireeye, Duke University, DraftKings, Bolton NHS Foundation Trust, Citizen’s Union Bank and King.com the creators of popular mobile game Candy Crush.
Duo also opened offices in San Francisco area and in London.
“It’s all about ease of use and keeping our customers happy,” said Dug Song, CEO and co-founder of Duo Security in a press release. “We’re passionate about continuing to be the most loved company in security. People are feeling the pain of the cumbersome security products and we’re here to make it painless for them.”
By the end of 2015, Duo analyzed nearly 2 million devices with 1 million users, and handled nearly 2 million authentication events per day.
Duo also secured $30 million in funding in April to help expand efforts into London, while at the same time launching its Platform Edition.
With the Platform Edition, users are able to address issues with Android Stagefright and Flash vulnerabilities while reducing the risk of data breaches.
Article written by Matt Durr and reprinted from The Ann Arbor News.