Duo Security managed to raise $70 million in fresh venture capital funding, according to TechCrunch. The funding was led by Meritech Capital Partners and Lead Edge Capital, placing Duo Security’s valuation at $1.17 billion.

This Series D venture capital round brings the total raised by the company to $119 million. Index Ventures and Workday are among the new investors that participated in the most recent round.

“Cybersecurity is the biggest geopolitical issue of our time,” Duo Security CEO Dug Song said, according to TechCrunch. “When Duo started, our mission was to democratize security. Now we’re securing democracy. Duo has only scratched the surface of addressing the need to deliver simple and effective security globally. There are many more organizations that Duo could help protect, and in the journey ahead, we hope to reach them all.”

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by Henry Vilar
Henry is Junior Reporter at IBS Intelligence, follow him on Twitter or contact him at: henryv@ibsintelligence.com
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