Cyber firm Nord Security said it hasn't seen a significant number of new users in Russia following the country's internet clampdown.
VPNs, or virtual private networks, allow users to disguise their online identity while they browse the internet. They can also help internet users access blocked websites and services.
In early March, Russians were turning to VPNs to bypass the country's tightening internet controls following the Kremlin's invasion of Ukraine.Cyber firm Nord Security announced Thursday that it has raised $100 million from investors at a $1.6 billion valuation, making it Lithuania's second tech unicorn.
VPNs, or virtual private networks, allow users to disguise their online identity while they browse the internet. They can also help internet users access blocked websites and services. Other VPN providers include Turbo VPN and UFO VPN. The investment in Nord Security comes from Novator Ventures, Burda Principal Investments, General Catalyst and angel investors including the co-founders of second-hand clothes marketplace Vinted, which is the only other tech firm in Lithuania valued at over $1 billion.
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