Threat Stack Raises $15.3 Million in Series B Funding, Plans New Hires
Cloud security and compliance management provider Threat Stack has obtained $15.3 million in Series B funding, which will be used to double the company’s headcount and build a new Boston headquarters.
Cloud security and compliance management provider Threat Stack has obtained $15.3 million in Series B funding, which will be used to double the company’s headcount and build a new Boston headquarters.
The funding, which was announced on Tuesday, brings the company’s lifetime total to $26 million, according to the official press release. Threat Stack said it will also use the funds to increase sales, marketing and engineering in pursuit of greater user experience.
Scale Venture Partners was the largest investor in the funding round, followed by the rest of Threat Stack’s existing investors. Scale Partner Ariel Tseitlin will join Threat Stack’s board of directors as a result of his company’s investment.
“Threat Stack’s rapid quarter-over-quarter growth and industry-leading approach to cloud security made this a compelling investment for us,” said Tseitlin. “There is a big gap in the security needs of cloud-native application and the capabilities of security tools in the market, and Threat Stack fills that gap with a unique product that’s easy to use and scale.”
Just last week, Threat Stack announced the launch of its webhook API integration capabilities, which allow customers to set up custom workflows around notifications for suspicious network activity. The company also recently debuted its Threat Stack Cloud Security Platform earlier this year.
In other funding news, TrapX Security also secured an additional $5 million in funding this week in addition to the $9 million raised in the company’s initial Series B round last year.
