Lithuania-based raised a $100 round led by Novator Ventures that values the VPN developer at $1.6 billion.
The round crowns the company as the ninth cybersecurity unicorn this year鈥攁nd the first one this month鈥� according to 暗网吃瓜 data.
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It also makes Nord Lithuania鈥檚 second unicorn, according to 暗网吃瓜. Online second-hand clothing marketplace was minted a unicorn in 2019.
Nord is an internet privacy and security provider. The company鈥檚 product portfolio includes its NordVPN offering and its Surfshark consumer line of solutions.
VPN 鈥攐r virtual private network鈥� use has been on the rise since the Russian invasion of Ukraine, according to . The report said Russians were turning to VPNs as a work around after the Kremlin blocked such sites as on public networks.
Founded in 2012, this is Nord鈥檚 first outside fund raise. The 1,700-person company said the new money will be used聽 to expand its product suite and enterprise footprint.
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