In 2018, the company announced that it had secured a further $295 million in funding from WndrCo, an investment company founded by Ann Daly, Sujay Jaswa, and Jeffrey Katzenberg. The increase was driven in part by users’ desires to protect themselves online after major privacy and security events like the Equifax data breach, KRACK vulnerability, and the FCC's scrapping of Net Neutrality regulations. Since then, AnchorFree's user base has surpassed 650 million downloads.

In 2012, after reaching 60 million downloads, the company announced it had raised $52 million in financing from Goldman Sachs. It was also used in Tunisia and Libya before the Arab Spring. During this time, the program was used to access social media websites like Twitter to organize protests. The firm reported an increase in its Egyptian user base from 100,000 users to one million during the Arab Spring in 2010. The app allows users to gain access to restricted websites privately and securely. Hotspot Shield is a significant app in countries where the Internet is censored. Additionally, AnchorFree's proprietary technology is utilized by 60% of the world's reputable security companies and a number of global telecommunication companies. The software has been downloaded 650 million times.

ĪnchorFree's apps are available for desktops and mobile devices using Microsoft Windows, Mac OS X, Android and iOS operating systems. The Software is backed by AnchorFree's Hydra technology.

The company works with a “ freemium” model and provides free software with general features and a paid version with certain enhanced features, such as virtual server locations, improved speeds, unlimited bandwidth, and 24/7 live support. Its most recent fundraising round in 2018 brought in $295 million, bringing total funding to $358 million. AnchorFree is headquartered in Redwood City, California, with offices in Ukraine and Russia. The company is led by David Gorodyansky, who founded the firm in 2005 together with his friend Eugene Malobrodsky. The company's flagship product is Hotspot Shield, a popular virtual private network (VPN) service and the top-grossing app for productivity in the Apple App Store. AnchorFree is an internet privacy and security company that provides businesses and consumers with advanced technologies to enable secure and private web browsing.

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