Analytics
5/16/2014
01:45 PM
Connect Directly
RSS
E-Mail
50%
50%

OpenDNS Receives $35M Investment in Enterprise Security Vision

OpenDNS received a $35 million boost recently to build out its capabilities as it walks along its roadmap for cloud-based enterprise security and big data analytics.

The investment, which comes from a collection of venture capitalists and networking giant Cisco Systems, will help the company build out its roadmap in three areas: intelligence, threat visibility, and integrating with enterprise workflows, tools, and systems to create a healthy security ecosystem.

"We want to identify more threats, so that means collect and analyze more data, do more research, and find more bad stuff," says David Ulevitch, CEO of OpenDNS. "We want to see more threats, which means having broader coverage across more devices, see more traffic, do deeper packet inspection, and have the ability to block even more threats, regardless of port, protocol, or application."

Combined with its ability to identify advanced security threats and its delivery model, the company is growing "like crazy," Ulevitch says. "And now we have $35 million to make that all happen even faster."

That $35 million comes from a number of sources such as Sequoia Capital, which was already invested in OpenDNS, and new investors like Northgate Capital.  Another is Cisco Systems, which, according to Gartner analyst Lawrence Orans, has clear synergies with OpenDNS when it comes to analytics.

"[OpenDNS] uses its large pool of DNS queries… to detect attack patterns as they develop in the early stages," says Orans. "Cisco is making a push into big-data analytics. Earlier this year, it announced Cognitive Threat Analytics, based on its acquisition of [Cognitive Security] last year. CTA analyzes web logs to establish patterns, for example, activity by geography. It's clear that Cisco is promoting cloud-based analytics, and its investment in OpenDNS will give it access to technology that is complementary to what it already owns."

For its part, Cisco told Dark Reading the company wants to be a part of changes in the security market that could be meaningful to Cisco customers.

"Cloud-delivered security services are expected to increase over the next several years as a way for customers to protect their users and environments," a Cisco spokesperson told us. "In addition, we want to invest in the companies and technology that align with Cisco’s strategy to deliver intelligent cyber security for the real world."

Currently, OpenDNS says it has 50 million daily active users of its services in addition to more than 10,000 enterprise customers using its security solutions. Its portfolio is centered on its Umbrella security service and a predictive threat intelligence platform known as Security Graph. Due to its position in the network and use of big-data analytics and machine learning, the company says that each second its technology processes more than a million Internet events to discover and predict when and where on the Internet new attacks are being staged.

One of the biggest takeaways of the deal, says Forrester Research analyst Rick Holland, is that it is an investment in how security will be done in the future.

"The days of on-premises security appliances are numbered, and cloud-based security is the only way to scale as more and more users are moving outside the perimeter protection of premises-based appliances," he says. "Less macro, but something I like as well -- OpenDNS Security Graph. OpenDNS does a great job of visualizing their DNS data in a meaningful way. It is great for incident response. It is one of the few examples of big data that actually is useful to enterprises." 

"OpenDNS is the future of enterprise security, protecting workers the way they work today," Stefan Dyckerhoff, managing director of Sutter Hill Ventures and former senior executive at both Cisco and Juniper Networks, said in a statement. "We are proud to be an investor in the company and believe in the team and its mission."

Brian Prince is a freelance writer for a number of IT security-focused publications. Prior to becoming a freelance reporter, he worked at eWEEK for five years covering not only security, but also a variety of other subjects in the tech industry. Before that, he worked as a ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Charlie Babcock
50%
50%
Charlie Babcock,
User Rank: Moderator
5/16/2014 | 9:29:53 PM
In the right place at the right time
OpenDNS is in the right place at the right time. The latest $35 million brings to $53 million the total investment in the company. The controls it can impose over URLs accessed fits perfectly into the growth of mobile computing and mobile security concerns,
Register for Dark Reading Newsletters
Partner Perspectives
What's This?
In a digital world inundated with advanced security threats, Intel Security seeks to transform how we live and work to keep our information secure. Through hardware and software development, Intel Security delivers robust solutions that integrate security into every layer of every digital device. In combining the security expertise of McAfee with the innovation, performance, and trust of Intel, this vision becomes a reality.

As we rely on technology to enhance our everyday and business life, we must too consider the security of the intellectual property and confidential data that is housed on these devices. As we increase the number of devices we use, we increase the number of gateways and opportunity for security threats. Intel Security takes the “security connected” approach to ensure that every device is secure, and that all security solutions are seamlessly integrated.
Featured Writers
White Papers
Cartoon
Current Issue
Dark Reading's October Tech Digest
Fast data analysis can stymie attacks and strengthen enterprise security. Does your team have the data smarts?
Flash Poll
Threat Intel Today
Threat Intel Today
The 397 respondents to our new survey buy into using intel to stay ahead of attackers: 85% say threat intelligence plays some role in their IT security strategies, and many of them subscribe to two or more third-party feeds; 10% leverage five or more.
Video
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2013-7407
Published: 2014-10-22
Cross-site request forgery (CSRF) vulnerability in the MRBS module for Drupal allows remote attackers to hijack the authentication of unspecified victims via unknown vectors.

CVE-2014-3675
Published: 2014-10-22
Shim allows remote attackers to cause a denial of service (out-of-bounds read) via a crafted DHCPv6 packet.

CVE-2014-3676
Published: 2014-10-22
Heap-based buffer overflow in Shim allows remote attackers to execute arbitrary code via a crafted IPv6 address, related to the "tftp:// DHCPv6 boot option."

CVE-2014-3677
Published: 2014-10-22
Unspecified vulnerability in Shim might allow attackers to execute arbitrary code via a crafted MOK list, which triggers memory corruption.

CVE-2014-3828
Published: 2014-10-22
Multiple SQL injection vulnerabilities in Centreon 2.5.1 and Centreon Enterprise Server 2.2 allow remote attackers to execute arbitrary SQL commands via (1) the index_id parameter to views/graphs/common/makeXML_ListMetrics.php, (2) the sid parameter to views/graphs/GetXmlTree.php, (3) the session_id...

Best of the Web
Dark Reading Radio
Archived Dark Reading Radio
Follow Dark Reading editors into the field as they talk with noted experts from the security world.