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Ann Arbor SPARK Presents the 2019 Legends Award Winner: Duo Security

April 30, 2019 Regional Updates
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New this year is our inaugural Legends award, presented in honor of a truly remarkable business achievement. There’s no denying that Duo Security’s $2.35 billion acquisition by Cisco is a remarkable story. Over its history, Duo Security has consistently attracted investment to Ann Arbor and has become an international star emanating from our tech ecosystem. Founded in 2010, the company secured funding from the likes of True Ventures, Google Ventures, Benchmark, and more. In 2012, Duo secured $5M from Google Ventures. In the ensuing years, it raised an additional $42 million. Fast forward to 2017, when the company became Ann Arbor’s first ‘unicorn,’ achieving a $1.17 billion valuation and securing a $70M Series D. The strength of its commitment to our region, combined with its ability to attract talented job seekers who want to live and work here has lead to Cisco signaling its commitment to continuing to grow its cybersecurity operations via Duo here in Ann Arbor.