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March 26, 2013 05:50 pm GMT

OpenDNS Raises Cash From Sutter Hill Ventures As It Looks To Build Out Enterprise Network Security As A Service

opendnsFast growing enterprise network security company OpenDNS is announcing a new investment this morning, raising an undisclosed amount of Series B funding from Sutter Hill Ventures. New managing partner and former Juniper Network Systems executive Stefan Dyckerhoff is joining the company's board. While OpenDNS is not releasing the exact amount of the funding, founder and CEO David Ulevitch tells us it's a "meaningful round and a very large check," that will enable the cash flow positive company to ramp up expansion in the next few years. Prior to this round, Open DNS had raised $7 million from Minor Ventures, Sequoia Capital and Greylock Partners.

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