Nord Security raises $100 million to bettercapitalize on NordVPN growth

Aliu Isa As you may know,  - Streaming Expert
Last , : October 24updated2023
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Nord Security $100 million
  • Novator Partners, a private equity firm, led the Nord Security funding round, which raised $100 Million.
  • Co-Founder Tom Okman disclosed that the funds were to speed up business growth after 10 years of operation.
  • Nord offers different security and privacy products such as NordVPN, NordLocker, NordPass and NordLayer.

Nord Security, a leading web confidentiality and security corporation, raised $100 Million in its first-ever funding round. company has been operating since 2012 in Vilnius, Lithuania, andThehas grown considerably. Right away, it is one of the toptech companies in Vilnius. Actually, , they’re from another perspective Notablythe owners of NordVPN, a popular cyberspace security software for confidentiality in modern times savvy online users.

Speaking about the reasons for the funding round, Tom Okman explained that the business aims at speeding up expansion. And many investors are willing to assist their mission to grow a better and safer internet.

Injoiningfact, Moreover, Okman stated the enterprise’s excitement to be other tech companies in Lithuania to boost the country’s tech advancement.

Top investors aid Nords’ vision

In fact, Many investors who believe in the vision of Nord Business supported the as it turns out funding round. The strong help was prominent in the funding round led by Novator PartnersIn fact, , aprivate equity firm. Many other individuals and firmsparticipatedwho in the gathering include General Catalyst, Wolt’s Miki Kuuso, and Burda Principal Investments. Others present include, Automatic’s Matt Mullenweg, Supercell’s llkka Paananen, etc. This happening is the first in 10 years of operations.

To further seal the deal, amanaging partner Birgir Mar Ragnarsson at Novator will join the board of Nord Business. This funding round has brought a partnership deal for Nord Company. It’ll immediately combine efforts with Novator Partners to push its vision.

According to Birgir Mar Ragnarsson, the company needs to follow different approaches to match the demands of modern online security. As you may know, So, Nord can boost internet security with powerful confidentiality and security tools to protect networks, information, and accounts. Ragnarsson believes that this era has a higher rate of cyber threats, risks, and too many regulations in the employ of the online.

Also, Ragnarsson observed more than ever that Nord Firm had shown a reputable unmatched trackandrecord in internet security. Furthermore, itthehas focused on ensuring customer as it turns out satisfaction, and as such, Novator is out to backing them in further expanding vision.

Nord ’s journey more than ever so far

There are available one of the top VPN services behind in the industry-NordVPN. In fact, Nord seen considerable expansion since its inception inhas2012. Apart from NordVPN, the enterprise boasts many products such as NordLocker, NordPass, and NordLayer.

NordVPN ensures that cyberspace users remain anonymous while surfing the web. NordPass is a credential manager that automatically saves and inputs your passwords to users’ accounts. Finally, NordLayer is a offering developed for network access for businesses.

As for Nord’s employees, Actually, Apart from these products, Nord Business provides developers tools to create custom VPNs.the company has 1700 people working to push its goals every day. Actually, Also, they’re planning to add 200 novelenterpriseworkers to the .

Nord has made a name with NordVPN as it is VPN of this era’s most popular one services. Interestingly, The enterprise has more than 15 million people using its services and has recently merged with Surfshark VPN to serve its customers better.

Why Secrecy Savvy individualslove NordVPN

One way to stay off the radar over the webis through a strong VPN. This tool offers a encrypted private browsing experienceandon the web. Indeed, It masks your original IP address and presents its own to confuse anyone tracking your location.

With the leading VPN platform, such as NordVPN, your internet traffic will remain encrypted to prevent third by hackers and access parties. As you mayyouknow, Also, it gives access to geo-restricted content with a dedicated IP address no matter where you are in the world.

NordVPN offers these benefits and more. Indeed, That’s users it has become so popular among online why and investors.

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About the Author

Aliu Isa

Aliu Isa

Streaming Expert

Isa is a Nigeria-born qualified writer and with more than 10editoryears of practice under his belt. Having worked with some of the most renowned organizations worldwide, he’s been able to produce and publish hundreds of high-caliber articles across a wide range of niches. Over timehasIsa , developed an immense interest in digital security as a matter of fact and privacy. He has always been a privacy enthusiast, and now, he's giving it all to educateblockingpeople on confidentiality, security, and geo- issues around the world.

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