US-based data traffic management provider NS1 attracted more than $20m in a series B round on Tuesday led by Deutsche Telekom Capital Partners (DTCP), a corporate venturing division of telecoms firm Deutsche Telekom.
Two Sigma Ventures, Flybridge Capital Partners and Sigma Prime Ventures also contributed cash to the round. Flybridge and Sigma Prime previously co-led a $5.4m series A round in April 2015, with participation from Founder Collective, Center Electric and angel investors.
Founded in 2013, NS1’s technology routes internet traffic in real-time based on infrastructure, network and applications. The platform ensures optimal delivery times of content to users at all times, handling hundreds of billions of queries each month.
Jack Young, partner at DTCP, will join NS1’s board. He confirmed to Global Corporate Venturing that the investment in NS1 marks his first deal and the unit’s seventh to date.
Young also said:”The NS1 platform is a mission-critical component of some of the most visited websites and applications in the world. In a short time, they have achieved market acceptance by the leading players in the industry.
“The company has a vision to truly transform how modern applications are delivered, and we believe they are poised to successfully execute on that vision. DTCP looks forward to NS1’s continued fast growth and we are excited to include them in our portfolio.”