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Tomas Okmanas

Overview

Contents8 sections
Key facts

Meeting His Business Partner in a Chat Room

Okmanas and Eimantas Sabaliauskas met in an IRC chat room in 1999 and later decided to start businesses together. They went through 34 failed projects, from e-commerce to video games, before one of their ideas took off in 2012 and became the foundation of Tesonet.⁠[2]

Nord Security Merges With Surfshark

Nord Security and Surfshark announced a completed merger agreement under which the two companies would operate independently. As co-founder, Okmanas said: “The increasing complexity of cybersecurity and digital privacy is a growing challenge worldwide.”⁠[3]

Nord Security’s First Outside Funding

Nord Security raised its first outside funding, $100 million at a $1.6 billion valuation, led by Novator. Okmanas said: “Our mission is to build a radically different internet by securing consumer and enterprise accounts.”⁠[4]

On Profitability and IPO Preparation

In an interview with Fortune, Okmanas said Nord Security had been cash-flow profitable since it was founded and had positive EBITDA the previous year. The company was preparing for a listing but had no timetable: “we won't do it in the next six months or a year,” he said.⁠[5]

Oxylabs’ First Outside Funding

Oxylabs received a $130 million strategic investment from Warburg Pincus at a $3.6 billion valuation, becoming the second bootstrapped unicorn in the Tesonet ecosystem after Nord Security. Speaking as Tesonet’s co-founder, Okmanas said: “Unicorn No. 2 and counting.”⁠[6]

Related Organizations, Websites, and Public Accounts

Nord Security: Co-founder. Website: https://nordsecurity.com/ (opens in a new window); Tesonet: Co-founder. Website: https://tesonet.com/ (opens in a new window)⁠[1][2]

Sources

  1. Tomas Okmanas (opens in a new window)
  2. About - Tesonet (opens in a new window)
  3. Nord Security and Surfshark join forces to strengthen positions in the cybersecurity industry (opens in a new window)
  4. NordVPN raises its first money, $100M at a $1.6B valuation (opens in a new window)
  5. From bootstrapped to billions: How Nord spent 'hundreds of millions' minting VPN customers to become Lithuania's tech darling (opens in a new window)
  6. Oxylabs becomes the second bootstrapped Unicorn built in the Tesonet ecosystem (opens in a new window)