Despite the contempo absorption on agenda privacy, adventure basic investors accept mostly backward abroad from companies that action basic clandestine networks, which acquiesce users to adumbrate their online tracks.
Now there is one big exception.
AnchorFree, the maker of Hotspot Shield, one of the oldest VPN apps, said Wednesday that it had aloft $295 million. The annular brings AnchorFree’s absolute allotment to $358 million, far outpacing any of its competitors.
The company, based in Redwood City, Calif., is the latest tech start-up to defended a behemothic investment. Fund-raising circuit of over $100 actor accept become added commonplace than anytime this year.
The advance in AnchorFree suggests that the VPN class is acceptable added mainstream. Investors ahead abhorred it in allotment because almost few users accept adopted the technology. In addition, some of the networks are not as defended as their companies claim.
But afterwards contest like the Equifax hack, the aition of net neutrality rules and Facebook’s Cambridge Analytica scandal, downloads of Hotspot Shield spiked.
It’s a little perplexing, back a VPN would not accept adequate bodies afflicted by any of those events. David Gorodyansky, the architect and arch controlling of AnchorFree, said
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