Nord Security Secures USD100M Financing at $1.6B Value

nord security

Nord Security, a Vilnius-based provider of internet privacy solutions and security solutions has raised USD100M funding at a $1.6 million valuation.

The round was led by Novator Ventures, with participation from Burda Principal Investments and General Catalyst. Founders and angel investors including Ilkka Paananen (CEO, Supercell), Miki Kuusi (CEO, Wolt) and Matt Mullenweg (CEO, Automattic) also joined the round.

The company plans to use the funds for expanding its product range and enterprise presence, as well as accelerating the growth of Surfshark (a consumer cybersecurity company) which Nord Security partnered within early 2022.

Founded in 2012 by Tom Okman and Eimantas Sabaliauskas, Nord Security is a global leader in internet privacy and security solutions to enable both consumers and companies to secure online networks, information and accounts. Along with NordVPN, a virtual private network that protects an internet connection and privacy online, the company’s internet security and privacy product suite includes NordPass (password manager), NordLocker (encrypted cloud storage), NordLayer (network access security), and Atlas VPN (freemium VPN service).

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