From Bootstrapped to Billions: Nord, How many hundreds of millions of “hundreds of millions” have spent hundreds of Nord VPN customers to become a Tech girlfriend

Nord Security began as a dark, opened company in one part of the world where the technological champions are rare: Lithuania.

However, it was not often taken in the main stream of his promise (and sometimes sometimes expensive) cyber security and virtual private network (VPN) products.

Thomas Okmanas and Eimantas Sabaliauskas decided that this opportunity was worth a career in 2012 and was worth investigating.

Nord has applied a simple logic to help you grow: People trust in the Internet for everything, which will increase only in time for online security. Indeed, he found a large market among those who surfed the Nord Privacy-AC Internet.

Okmanas, when the company is established, outside a serious technological company in Cyberectory, “no one cared.”

The cases and demand for the construction of the construction Nords has grew. This was necessary to be more masterful than the only engineering of the founding duet.

“Now, how I have to use finance, legal world, corporate governance, then teams and companies,” said Okmanas Fortune last year.

Nord-famous Nord users with VPN program allows users to use the Internet while maintaining information and IP addresses. This means more confidentiality for the average user when looking at web internet, but technology is also very controversial.

VPNS can be used Government Restrictions Attacked on the Internet and by Hollywood Cinema studios for use in piracy and copyright infringement.

However, Lithuania-based Nord did not sink by these legal and ethical concerns. Note to increase basic use using secure use of the Internet. The company’s servers do not include user information that is part of the privacy Spiel. Have agreement This nauseum and explained Fortune “Outdated” people using VPN to access only blocked or accessible flow services.    

Okmanas says NORDID tools are rarely used for illegal or illegal purposes. There are also systems in systems to prevent company, security violations and other online threats.

“Our goal is to combine this Nord Cloud network as many people as possible, which people can really use in a very safe way,” he said.

VPN world and more

NORDID growth of growth is noteworthy: It was obtained in 10 years after the founder was founded in 2022 Unicorn statusThere are more than 15 million users in the world and are one of the most famous Lithuanian companies (Vintaed and the other).

Okmanas said the Nord was “great growth” over the years. In September 2023, the company increased the amount of about $ 100 million when he had a unicorn a year ago a year ago.

Shopping to help the company expand. Declared the merger With Surfshark In 2022 and this year, his opponent bought Ironwall, provides Nord to enter cybericulture and outside. Most of the Nord’s user base is centered in the United States and covers a wide range of age, and the remaining customers are a mixed bag of secondary internet users and small and medium enterprises.

Nord is not unusual when listening to a podcast or watching the YouTube or Tiktok video (VPN, VPN Reppler Drake is used by Drake, Bloomberg reported). Okmanas says this is a deliberate effort to educate more people in the online vehicles. This online threats of the company are just one of the many ways that the company expends to get new customers for the bench.

“We spend millions of dollars in millions of dollars and work for the customer. We see the cost of users and we are very happy,” said Okmanas.

Nord’s next steps

Nord has another building because it continues to expand in Vilnius work. For a large enough scale companies, an IPO looks like the next step (at least it’s one of the avenues, at least this is the avenues of airbnb and Uber Companies involved).

But Nord does not see this in this way. Their goal is to prepare IPO, but it is immediately responding to the public because the company is a good barometer.

“We have great ambitions, but do not have to make an IPO,” he said. The Nord may have started small, but it is profitable based on the flow of money from the beginning. Last year, EBITDA became positive.

Said Nord is not in any process, but “push a button” also wants to prepare to be ready for an IPO.

“But I am sure we don’t need it and we will not do it in the next six months or in a year,” said Co-CEO.

“We are in a very lucky position, where we grow very fast and are not very profitable.”

A version of this story was originally published Fortune.com September 30, 2024.

This story was first displayed Fortune.com

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