Yubico raises $30M in a growth round from institutional investors.
Yubico, a Stockholm and Palo Alto-based company providing authentication and encryption hardware, announced raising $30M in new equity funding. The money comes from institutional investors, including New Enterprise Associates (NEA), The Valley Fund and Bure.
Yubico, founded in 2007 by Stina Ehrensvard and Mattias Danielsson, has developed new global standards for simple and secure access to computers, servers, and internet accounts. The company’s core invention, the YubiKey, delivers strong hardware protection, with a simple touch, across any number of IT systems and online services.The YubiHSM, Yubico’s ultra-portable hardware security module, protects sensitive data inside standard servers.
The new investments will further drive the company’s mission to create a safer internet for everyone, enabling simple protection for all logins and servers.
Prior to this investment, Yubico attracted funding from renowned Silicon Valley profiles such as Marc Benioff, CEO of Salesforce, and Ram Shriram, Yubico Chairman and Google founding board member. In March 2017, Bure announced the acquisition of almost 20% of the company.