F-Prime leads $45M investment into Threat Stack
Threat Stack, provider of the industry’s most comprehensive intrusion detection platform for cloud, hybrid-cloud, and on-premise environments, today announced that it has raised $45 million in a Series C funding round led by F-Prime Capital Partners (the venture capital group associated with the parent company of Fidelity Investments), and Eight Roads Ventures, with participation from existing investors Scale Venture Partners, .406 Ventures, and Accomplice. As part of the funding, which brings the total investment in Threat Stack to more than $70 million, Gaurav Tuli of F-Prime will join Threat Stack’s Board of Directors, and Davor Hebel of Eight Roads Ventures will be an observer.
“The migration of computing workloads to public cloud environments represents the most significant shift in enterprise technology of the last 15 years. Cybersecurity continues to be the most acute challenge in the move to cloud, because cloud infrastructure is elastic and complex and attackers are operating at unprecedented speed and sophistication,” said Tuli. “Cloud security requires new approaches and new solutions, and Threat Stack is a rare security company that is purpose-built to address these unique challenges. Our investment will help drive continued innovation to meet the rapidly expanding market demand.”
On the heels of announcing 235% YoY revenue growth and 84% employee headcount expansion as of July, Threat Stack plans to grow its employee base another 30% by the end of 2017, while nearly doubling the size of its downtown Boston headquarters. The company is also committed to continued investment and innovation in Boston, as it simultaneously works to expand its footprint in North America and around the globe.Back to News