Yubico Gets $30M in New Funding

Yubico has received $30 million in new investments, the company has announced.

Yubico Gets $30M in New FundingThe funding arrives in the form of secondary and new shares, with New Enterprise Associates, The Valley Fund, and Bure signing on as institutional investors. The firms join multiple other investors including Salesforce CEO Marc Benioff and Yubico Chairman Ram Shriram, while half of the company’s shares are held by the Yubico team and its founders. Yubico says total assets for its investors amount to over $30 billion.

In a statement announcing the new funding, Yubico said the funds “will further drive the company’s mission to create a safer internet for everyone, enabling simple protection for all logins and servers.” Yubico CEO Stina Ehrensvard added that the investments will also “be used to grow our star team across four continents, and for new product development.”

The funding arrives as Yubico continues to commercialize its 2FA devices including its USB YubiKeys, with the company having recently joined the Amazon Associates advertizing program.