About Duo Security
Duo Security is a company based in Ann Arbor (United States) founded in 2010 was acquired by Cisco in August 2018. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Duo Security has raised $126 million across 8 funding rounds from investors including Cisco, Meritech Capital and Geodesic Capital. Duo Security offers products and services including Duo Directory, Multi-Factor Authentication (MFA), Single Sign-On (SSO), Passwordless, and Cisco Identity Intelligence. Duo Security operates in a competitive market with competitors including Okta, Ping Identity, Gemalto, JumpCloud and ForgeRock, among others.
- Headquarter Ann Arbor, United States
- Stage Unicorn
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Sectors
Technology
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Phone
*********
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Website
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Social
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- Legal Name Cisco Systems, Inc.
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Products & Services of Duo Security
Duo Security offers a comprehensive portfolio of products and services, including Duo Directory, Multi-Factor Authentication (MFA), Single Sign-On (SSO), Passwordless, and Cisco Identity Intelligence. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Identity management solution for secure access is provided.
Enhanced security through multiple authentication methods is ensured.
Seamless access to multiple applications is facilitated here.
Secure login without passwords is enabled for users.
Threat detection and response capabilities are offered comprehensively.
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Software Development Team
247 people
Sales and Marketing
174 people
Leadership Team
138 people
Product Management Team
77 people
Operations Team
57 people
Human Resources and Administration
40 people
Finance and Accounting
24 people
Unknown Team
20 people
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Funding Insights of Duo Security
Duo Security has successfully raised a total of $126M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $70 million completed in October 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series D — $70.0M
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First Round
First Round
(17 Aug 2010)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2017 | Amount | Series D - Duo Security | Valuation | Meritech , Lead Edge Capital | |
| Apr, 2015 | Amount | Series C - Duo Security | Valuation | Redpoint Ventures | |
| Sep, 2014 | Amount | Series B - Duo Security | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Duo Security
Duo Security has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Cisco, Meritech Capital and Geodesic Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments are directed toward US-based companies.
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Growth-stage tech investments are targeted in the US and Japan.
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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Duo Security
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Duo Security
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Duo Security Comparisons
Competitors of Duo Security
Duo Security operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Okta, Ping Identity, Gemalto, JumpCloud and ForgeRock, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based identity management and authentication are provided for enterprises.
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Cloud-based identity management solutions are provided for enterprises.
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Secure personal devices and SIM cards are provided worldwide.
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Cloud-based directory management for user and IT authentication is provided.
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Cloud-based identity verification solutions are provided for customers.
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Two-factor authentication hardware and software solutions are provided by Yubico.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Duo Security
Frequently Asked Questions about Duo Security
When was Duo Security founded?
Duo Security was founded in 2010.
Where is Duo Security located?
Duo Security is headquartered in Ann Arbor, United States. It is registered at Ann Arbor, Michigan, United States.
Is Duo Security a funded company?
Duo Security is a funded company, having raised a total of $126M across 8 funding rounds to date. The company's 1st funding round was a Series B of $12M, raised on Aug 17, 2010.
What does Duo Security do?
Comprehensive identity security solutions are offered by Duo Security, focusing on multi-factor authentication (MFA), single sign-on (SSO), and phishing-resistant technologies. Services are tailored for small to medium businesses, enterprises, government entities, and managed service providers. Coverage spans industries such as higher education, finance, healthcare, and technology. Solutions like Duo Directory and Cisco Identity Intelligence are designed to ensure secure access management and threat detection. Zero trust security and compliance solutions are also integrated to address modern cybersecurity challenges across diverse organizational needs.
Who are the top competitors of Duo Security?
Duo Security's top competitors include Ping Identity, Okta and ForgeRock.
What products or services does Duo Security offer?
Duo Security offers Duo Directory, Multi-Factor Authentication (MFA), Single Sign-On (SSO), Passwordless, and Cisco Identity Intelligence.
Who are Duo Security's investors?
Duo Security has 12 investors. Key investors include Cisco, Meritech Capital, Geodesic Capital, Index Ventures, and Redpoint Ventures.
What is Duo Security's valuation?
The valuation of Duo Security is $1.17B as of Oct 2017.