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Founders and angel investors including Ilkka Paananen (CEO, Supercell), Miki Kuusi (CEO, Wolt) and Matt Mullenweg (CEO, Automattic) also joined the round. The investment will be used to expand Nord Security’s product suite and enterprise footprint, while accelerating the growth of consumer cybersecurity company Surfshark, which Nord Security joined forces with in early 2022.
Technology evolves rapidly - and for every opportunity, there is often a new threat. Rapid digitisation has accelerated the adoption of devices and platforms that allow data to be shared more widely than ever, while increasing society’s appetite for online, interconnected technologies and networks. Consumers and businesses are now exposed to heightened cyber risks as the enterprise security perimeter blurs due to remote working, and internet infrastructure is struggling to keep pace. It’s already estimated that cybercrime will cost the global economy a staggering $10.5 trillion by 2025, and nearly half of consumers now expect to be hacked. It’s clear that to protect consumers, businesses and the broader digital economy in the long-term, a more holistic approach to online security is required.
Nord Security’s mission is to build a radically better internet and restore trust in digital networks, by securing consumer and enterprise accounts, networks and information against advanced cyberthreats. The company, which pioneered the mass-market consumer VPN category with NordVPN, aims to help consumers and businesses enhance their security and privacy protections with a holistic suite of products, which allow consumers and businesses to analyse, detect and contain threats at the edge of a network before they penetrate sensitive end-user devices.
Nord Security’s mission is to build a radically better internet and restore trust in digital networks, by securing consumer and enterprise accounts, networks and information against advanced cyberthreats.
Nord Security was founded in Lithuania in 2012 by Tom Okman (co-CEO) and Eimantas Sabaliauskas (co-CEO) to create an internet security and privacy tool that was easily accessible for everyone. Today, Nord Security’s suite of products is trusted by millions of consumer users worldwide, as well as by a range of businesses, including the likes of Calendly, Adobe, Shutterstock and Vinted, for advanced threat protection against complex and evolving cyberthreats. Nord Security, which operates in 20 countries globally, is continuing to expand rapidly with over 200 open positions and 50% YoY headcount growth. The investment will be used to make key hires at all levels and across every function, adding to Nord Security’s 1700-person team. Nord Security will also use the new financing to accelerate the expansion of its product suite and geographical footprint through acquisitive growth and intensive R&D on new platform features.
Tom Okman, co-CEO and co-founder at Nord Security, said:
“Ten years ago, we set out to create security and privacy tools which would help create a safer and more peaceful online future; today, millions of people trust our products every day to protect them. We are profitable and have been bootstrapped until today, but in our investors, we have found partners who believe in our mission as much as we do, which will allow us to grow faster and double down on our aspiration to build a radically better internet. We’re also humbled to play a part in helping Lithuania, a fiercely entrepreneurial country, enter into a new era of technological innovation.”
Nord Security is home to advanced security solutions that share Nord values, including the world's most advanced VPN service NordVPN, the next-generation password manager NordPass, encrypted cloud storage NordLocker, the advanced network access security solution NordLayer and consumer cybersecurity company Surfshark. Established in 2012, Nord Security now has more than 1700 employees and serves millions of users worldwide. More information: nordsecurity.com
