NEW YORK, Nov. 23, 2016 /PRNewswire/ -- NS1®, the leading intelligent DNS and traffic management provider with a mission to Build a Smarter Internet™, announced today that Telstra Ventures, the venture capital arm of Telstra Corporation Limited (ASX: TLS), has joined in NS1's Series B round. Telstra Ventures joins previously announced B round participants Deutsche Telekom Capital Partners, Two Sigma Ventures, Sigma Prime Ventures and Flybridge Capital Partners.
Telstra Ventures is a corporate venture capital group founded in 2011 as a wholly owned subsidiary of Telstra, Australia's leading telecommunications and technology company. Telstra Ventures invests in high-growth opportunities that offer technology and solutions that leverage Telstra's assets and enable the company to offer new products and services to its customers.
NS1 closes a successful series B with top-tier, strategic investors: NS1 adds Telstra's investment to the more than $20 million already raised during its Series B round in order to expand awareness of its next-generation application delivery solutions.
Supporting the digital economy: The NS1 platform has seen rapid adoption by some of the best-known digital properties in the world including LinkedIn, Yelp, Imgur, OpenX and many more.
Rapid growth in response to increased demand: NS1 recently announced another quarter of record-breaking, triple-digit growth, and anticipates that demand for its Managed DNS, Dedicated DNS and Pulsar offerings will grow as enterprises look for solutions that drive digital transformation, enhance customer experience and improve reliability.
Kris Beevers, NS1 co-founder and CEO, said: "Core components of the internet need to fundamentally change to keep up with growing consumer demand, rapid shifts in application architectures and workloads, and increasingly complex challenges around resiliency and security. At NS1, our mission is to Build a Smarter Internet that addresses these application delivery challenges for the most critical and highly trafficked online properties. Telstra is a deeply strategic partner for NS1 as we continue to broaden our innovation and reach, and we are thrilled to welcome them as investors in our unique vision for the future of application delivery."
Mark Sherman, Managing Director of Telstra Ventures, said: "We think it makes good sense for a major infrastructure provider like Telstra and an advanced traffic management company like NS1 to work together. Through this investment we see significant opportunities for both our internet-centric and general business customers. NS1's product family delivers intelligent traffic management decisions to improve application performance and enable the dynamic infrastructure necessary for many businesses to operate successfully."
About NS1 NS1's intelligent DNS and traffic management platform, with its data-driven architecture and unique Filter Chain routing engine, is purpose-built for the most demanding, mission-critical applications on the Internet. NS1's comprehensive platform technology leverages infrastructure, application and network data to make intelligent routing decisions in real time, ensuring optimal application performance and reliability. NS1's customers include Yelp, LinkedIn, Imgur, MaxCDN, Collective Media and others. Visit ns1.com to learn more.