EfficientIP, the Paris-based startup working in network security and automation, has raised an $11 million Series B round from Jolt Capital. EfficientIP keeps businesses online and protects them from data loss by making the IP infrastructure reliable, agile, and secure. The company provides a DDI solution, which encompasses Domain Name System (DNS), Dynamic Host Configuration Protocol (DHCP), and IP address management. Companies across all sectors use EfficientIP to solve tricky IT issues that span from cloud and in-house computing, so they can grow rapidly and securely. The french startup is the first company to have patented and released award-winning DNS infrastructure security solution, such as its DNS Blast and edge GSLB. With the new funding, EfficientIP is also hoping to forge more partnerships, adding to existing partnerships with Cisco, VMWare, and ServiceNow.
Commenting on the Series B, CEO David Williamson said: “Today’s investment will enable us to accelerate our expansion on a global scale. The market opportunity for DDI solutions is growing, and we look forward to capitalizing by increasing our sales force to meet current demand, and driving further innovation that really matters to continue satisfying tomorrow's customer needs. Given Jolt Capital’s strong record in scaling tech companies globally, they are the ideal partner to support this growth phase.”
Guillaume Girard, partner at Jolt Capital, added: “We’ve been tracking EfficientIP for some time, and have been impressed with their continued ability to deliver on ambitious growth plans. EfficientIP fits perfectly in our target scope, combining deeptech assets enabling leading-edge solutions and a highly motivated top-tier team in a market which is expanding quickly. Given its increasing market footprint with Fortune 500 customers, EfficientIP is well poised for strong growth.”