Money

Dyn raises $50M to help companies optimize their Internet performance

Written by Jaivik Shah

Dyn has raised $50 million as it looks to grow its Internet performance management (IPM) tech globally and expedite product development.

Founded in 1998, the Manchester, New Hampshire-based firm offers companies a cloud-based platform to optimize their online performance, with tools to monitor and control applications and infrastructure. These may include using data and analytics to reroute traffic and ensure end-users aren’t impacted by slow response times, for example. Big-name brands that use Dyn’s technology include Netflix, Twitter, LinkedIn, and Visa. Dyn claims that “eight of the top 10 Internet services / retail companies in the Fortune 500” use its services, in addition to six of the top 10 entertainment companies.

The latest cash influx was raised entirely from Pamplona Capital Management, a private equity firm based out of London and New York. “Dyn has built a strong franchise based on running the fundamental and critical Internet infrastructure needs for its brand name customers,” said Justin Perreault, partner at Pamplona.

Dyn closed a chunky $38 million Series A round back in 2012, so this latest round takes its total funding to almost $100 million.

About the author

Jaivik Shah

Jaivik Shah is Editor At Large of TechOptimals, He writes about how technology is changing the way we live and work in the 21st century.
Contact Jaivik at jaivik@techoptimals.com.

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