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Dyn grabs $38 million in funding
Kevin Murphy,
October 3, 2012, 11:28:28 (UTC),
Domain Services
Managed DNS service provider Dyn has secured a $38 million investment from venture capital firm North Bridge.
The minority investment is Dyn’s first. It’s been bootstrapped since its founding 11 years ago, according to founder and CEO Jeremy Hitchcock.
As part of the deal, noted tech investor Jason Calacanis has joined Dyn’s board, along with Hitchcock, company co-founder Tom Daly and two North Bridge partners, Ric Fulop and Russ Pyle.
“I am not building an exit strategy. I am creating an economic engine,” Hitchcock said in an open letter to customers.
“Plus, we had experienced 70 percent growth year over year. We were doing a pretty good job of growing by ourselves but we want to be a step ahead,” he said.
Recent Comments
Dotted Ventures Inc have now been de-accredited, and all domains managed by IANA#833 have been migrated to Astutium.com ... read more
I do not drop a leave a response, however I read a few of the responses here dotFree... read more
It's only a 3 hour drive to Las Vegas from there. :)... read more
Agree with Sad Sally . This is going to just add to the injustices served up by WIPO ,but worse. Look can we please do ... read more
I'll just file a lawsuit every time it goes to them, especially since I'm not a trademark buyer and will fight to the bi... read more
This should not be a surprise to anyone. .home and .corp were explicitly on the list of most popular invalid new TLDs as... read more
Well Genzco has always make sure customers are using real name to register... Domain names are big business and is alway... read more
http://www.thedomains.com/2013/05/20/did-google-just-kill-off-selling-subdomains/... read more
.Tokyo results were never announced, so ICANN don't have to retract them, but it is indeed a material change to applicat... read more
Hmmm is this interesting! Wonder if this signifies the strings they are okay losing for a larger pot of gold to secure ... read more