NS1 Raises $40M in Series D Funding as COVID-19 Accelerates Digital Transformation
With remote work and digital services becoming the new norm, reliable internet infrastructure has never been more critical. New York-based NS1, a leader in DNS and IP address management solutions, has capitalized on this trend—securing a \(40 million Series D funding round led by Energy Impact Partners (EIP). This brings the company’s total funding to \)125 million.
Why NS1’s Growth Matters
As businesses scramble to optimize their digital operations, NS1 has seen explosive demand:
- 159% YoY growth in new customer bookings (Q1 2020)
- 600+ enterprise customers relying on its infrastructure solutions
- Key sectors: SaaS, IoT, and energy industries undergoing rapid digitization
“Digital transformation initiatives have compressed from five or ten years down to months,” says NS1 CEO Kris Beevers.
The COVID-19 Catalyst
The pandemic forced companies to prioritize network performance almost overnight. Beevers shared an example:
- A major software client ranked “network performance and saturation managed by NS1” as its #2 KPI for COVID-19 response.
- Latency and reliability became make-or-break factors for remote workforces.
To meet demand, NS1 launched new features like VPN steering, helping businesses optimize remote access—a capability now essential for distributed teams.
A ‘True Coronavirus Fundraise’
Raising capital during a global crisis wasn’t easy. Beevers described the process:
- April 2020: A “dead zone” as investors paused activity.
- Early May: Inbound interest surged as VCs identified post-pandemic opportunities.
- All-virtual process: From pitch to term sheet, the entire deal was closed remotely in under a month.
Why Energy Impact Partners Led the Round
EIP’s Shawn Cherian (who recently joined the firm) saw synergy between NS1’s tech and EIP’s focus on digitizing energy and industrial sectors. Notably:
- Cherian previously invested in Packet, another NYC infrastructure startup acquired by Equinix for $300M+.
- NS1 and Packet share roots in the “Voxel mafia”—a network of infrastructure engineers from Manhattan’s tech scene.
What’s Next for NS1?
With fresh capital, NS1 plans to:
- Expand its core DNS/IP management offerings
- Penetrate high-growth markets like IoT
- Support businesses navigating long-term remote work challenges
As Beevers puts it: “Everybody’s just having to accelerate.” In a world running on digital infrastructure, NS1 is ensuring the internet’s backbone can handle the load.
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