Yubico, a provider of authentication and encryption hardware, has raised 30 million. The round was raised from the company’s’ first institutional investors, including New Enterprise Associates (NEA), the Valley Fund, and Bure.

Currently, half of the privately held company is owned by the Yubico founders and team, with the remaining evenly split across US and Swedish investors. Existing investors include Marc Benioff, CEO of Salesforce, and Ram Shriram, Yubico chairman and Google founding board member.

[Image courtesy: Yubico]