Threat Stack Raises Additional $15.3 Million to Boost Cloud Platform
To meet the growing demand for enterprise-quality cloud security, Boston cloud security and compliance management provider Threat Stack raised an additional $15.3 million in Series B funding this April. The new round of funding was led by Scale Venture partners and had contributions from all previous investors, including Accomplice and .406 Ventures. These new contributions came after Threat Stack posted record growth in 2015, which saw the company triple its client base and serve an increasing number of firms seeking cloud security solutions.
When combined with previous investments, the new round of funding brings investors’ total contributions to Threat Stack to $26 million. The new capital will go toward doubling staff in the sales, marketing and engineering departments to help the company increase product capability and improve user experience. It also will help fund expansion into a new Boston headquarters, since Threat Stack moved to the area in 2013 from the Washington, DC.
Threat Stack also announced that Scale partner Ariel Tseitlin, a former Netflix cloud solutions director, will be joining its board of directors. Tseitlin claims that Threat Stack’s strong quarter-over-growth and industry-leading security methods are reasons why Scale Venture found the organization to be a compelling investment. Unlike leading security competitors that emerged before the cloud era, the Threat Stack Cloud Security Platform is the only native cloud solution to provide integrated support across all cloud security environments, containers and providers, including public, private and hybrid clouds. Threat Stack’s integrated approach eliminates fragmented solutions and simplifies administrative complexity, so clients can identify threats more rapidly and effectively without going over budget.
Threat Stack clients currently include companies in the healthcare, fintech and SaaS fields. Threat Stack CEO Brian Ahern anticipates that the latest round of funding will further enhance the company’s ability to serve clients across all industries.