Deals

Dyn grabs $38M, adds Jason Calacanis to its board

Image Credit: http://www.shutterstock.com/pic-97781186/stock-photo-businessman-touch-smart-phone-in-hand-with-email-social-network.html

Just a few weeks after tooting its horn about being a profitable bootstrapped company, DNS and enterprise email delivery service Dyn has raised its first-ever funding round: $38 million from North Bridge.

That’s a surprisingly huge series A round these days, when companies can get started and reach millions of users on just a few million.

Dyn provides managed DNS and email delivery services for companies including Twitter, Zappos, and Jive. Its services cover more than 450,000 e-commerce clients and 2,000 enterprise clients, which total up to more than four million active users worldwide.

“We are doubling down on our commitment to being the world leader in Infrastructure as a Service and are delighted to partner with North Bridge, one of the leading technology and infrastructure investors in the country,” said Dyn CEO and co-founder Jeremy Hitchcock in a statement. “This investment better positions us to cement our leadership position within a rapidly growing multibillion dollar IaaS opportunity.”

Along with its funding, Dyn has also established a board of directors that includes Dyn’s co-founders, two general partners at North Bridge, and angel investor Jason Calacanis, the CEO of Mahalo and former CEO of Weblogs Inc.

Manchester, N.H.-based Dyn was founded in 2001 and has about 160 employees.

Businessman using email photo FrameAngel/Shutterstock

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